Van ECK Associates Corp Has $6.48 Million Stock Position in Suncor Energy Inc. (NYSE:SU)

Van ECK Associates Corp boosted its position in shares of Suncor Energy Inc. (NYSE:SUFree Report) (TSE:SU) by 10.3% in the third quarter, Holdings Channel reports. The fund owned 188,426 shares of the oil and gas producer’s stock after acquiring an additional 17,622 shares during the period. Van ECK Associates Corp’s holdings in Suncor Energy were worth $6,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Arlington Trust Co LLC acquired a new position in shares of Suncor Energy during the 3rd quarter worth about $29,000. Sunbelt Securities Inc. bought a new stake in shares of Suncor Energy in the first quarter valued at approximately $31,000. Massmutual Trust Co. FSB ADV grew its stake in shares of Suncor Energy by 260.7% in the second quarter. Massmutual Trust Co. FSB ADV now owns 1,367 shares of the oil and gas producer’s stock worth $40,000 after acquiring an additional 988 shares during the last quarter. Private Trust Co. NA increased its position in Suncor Energy by 38.4% during the third quarter. Private Trust Co. NA now owns 1,222 shares of the oil and gas producer’s stock worth $42,000 after acquiring an additional 339 shares during the period. Finally, SRS Capital Advisors Inc. raised its stake in Suncor Energy by 672.4% during the 1st quarter. SRS Capital Advisors Inc. now owns 1,429 shares of the oil and gas producer’s stock valued at $44,000 after purchasing an additional 1,244 shares during the last quarter. 60.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada boosted their price objective on shares of Suncor Energy from $51.00 to $53.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $52.00.

Check Out Our Latest Stock Analysis on SU

Suncor Energy Trading Down 0.3 %

Shares of SU stock opened at $32.13 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.82 and a current ratio of 1.24. The firm has a fifty day moving average of $32.04 and a 200-day moving average of $32.72. Suncor Energy Inc. has a 52-week low of $27.59 and a 52-week high of $35.51. The stock has a market cap of $41.46 billion, a price-to-earnings ratio of 6.98, a P/E/G ratio of 2.99 and a beta of 1.13.

Suncor Energy (NYSE:SUGet Free Report) (TSE:SU) last announced its quarterly earnings results on Wednesday, November 8th. The oil and gas producer reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.25. Suncor Energy had a net margin of 16.27% and a return on equity of 18.26%. The firm had revenue of $9.42 billion during the quarter, compared to analysts’ expectations of $8.19 billion. On average, equities research analysts forecast that Suncor Energy Inc. will post 3.72 earnings per share for the current fiscal year.

Suncor Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 1st were paid a $0.393 dividend. This represents a $1.57 annualized dividend and a yield of 4.89%. The ex-dividend date was Thursday, November 30th. Suncor Energy’s dividend payout ratio is 35.00%.

Suncor Energy Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Suncor Energy (NYSE:SU)

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