Letko Brosseau & Associates Inc. cut its stake in shares of Suncor Energy Inc. (NYSE:SU – Free Report) (TSE:SU) by 2.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,132,088 shares of the oil and gas producer’s stock after selling 101,220 shares during the period. Suncor Energy accounts for 2.3% of Letko Brosseau & Associates Inc.’s holdings, making the stock its 14th largest position. Letko Brosseau & Associates Inc. owned about 0.32% of Suncor Energy worth $121,347,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently bought and sold shares of the stock. MAI Capital Management raised its position in shares of Suncor Energy by 12.1% in the first quarter. MAI Capital Management now owns 13,941 shares of the oil and gas producer’s stock valued at $433,000 after buying an additional 1,506 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Suncor Energy by 783.4% in the second quarter. Van ECK Associates Corp now owns 170,804 shares of the oil and gas producer’s stock valued at $5,012,000 after buying an additional 151,469 shares in the last quarter. Independence Bank of Kentucky acquired a new stake in shares of Suncor Energy in the second quarter valued at approximately $59,000. Oregon Public Employees Retirement Fund acquired a new stake in shares of Suncor Energy in the first quarter valued at approximately $3,367,000. Finally, Maryland State Retirement & Pension System raised its position in shares of Suncor Energy by 351.2% in the second quarter. Maryland State Retirement & Pension System now owns 202,277 shares of the oil and gas producer’s stock valued at $5,936,000 after buying an additional 157,443 shares in the last quarter. 60.25% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
SU has been the subject of a number of analyst reports. Royal Bank of Canada lifted their price target on shares of Suncor Energy from $51.00 to $53.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. StockNews.com assumed coverage on shares of Suncor Energy in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Desjardins cut shares of Suncor Energy from a “buy” rating to a “hold” rating and set a $49.00 target price on the stock. in a research note on Monday, September 18th. TD Securities cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. Finally, Wells Fargo & Company upgraded shares of Suncor Energy from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $44.00 to $54.00 in a report on Wednesday, August 23rd. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $52.60.
Suncor Energy Trading Up 0.1 %
Shares of NYSE:SU traded up $0.02 during mid-day trading on Monday, reaching $33.81. 912,275 shares of the company’s stock were exchanged, compared to its average volume of 4,642,824. The firm has a market capitalization of $43.89 billion, a price-to-earnings ratio of 7.35, a PEG ratio of 0.70 and a beta of 1.22. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.82 and a current ratio of 1.24. Suncor Energy Inc. has a twelve month low of $27.59 and a twelve month high of $36.26. The business’s fifty day moving average price is $33.64 and its 200-day moving average price is $31.51.
Suncor Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 1st will be issued a dividend of $0.393 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.57 annualized dividend and a dividend yield of 4.65%. Suncor Energy’s dividend payout ratio is currently 33.48%.
Suncor Energy Profile
Suncor Energy Inc operates as an integrated energy company in Canada and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products. This segment also engages in syncrude oil sands mining and upgrading operations; and marketing, supply, transportation, and risk management of crude oil, natural gas, power, and byproducts.
- Five stocks we like better than Suncor Energy
- Dividend Capture Strategy: What You Need to Know
- Plan to own one retailer? Make it this one
- 3 Monster Growth Stocks to Buy Now
- Target these 3 hot retail stocks for Black Friday deals
- Dividend Payout Ratio Calculator
- Dell Technologies breaks out, riding high on AI
Receive News & Ratings for Suncor Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy and related companies with MarketBeat.com's FREE daily email newsletter.