Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 48.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,646 shares of the oil and gas producer’s stock after selling 25,306 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Suncor Energy were worth $864,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Halsey Associates Inc. CT increased its position in Suncor Energy by 6.4% during the fourth quarter. Halsey Associates Inc. CT now owns 19,930 shares of the oil and gas producer’s stock valued at $557,000 after acquiring an additional 1,200 shares during the last quarter. Ellis Investment Partners LLC bought a new position in Suncor Energy during the first quarter valued at $428,000. Captrust Financial Advisors increased its position in Suncor Energy by 7.4% during the fourth quarter. Captrust Financial Advisors now owns 18,936 shares of the oil and gas producer’s stock valued at $530,000 after acquiring an additional 1,310 shares during the last quarter. Guinness Asset Management Ltd increased its position in Suncor Energy by 22.2% during the first quarter. Guinness Asset Management Ltd now owns 360,462 shares of the oil and gas producer’s stock valued at $11,686,000 after acquiring an additional 65,500 shares during the last quarter. Finally, First Manhattan Co. increased its position in Suncor Energy by 64.8% during the fourth quarter. First Manhattan Co. now owns 37,782 shares of the oil and gas producer’s stock valued at $1,056,000 after acquiring an additional 14,856 shares during the last quarter. 65.06% of the stock is currently owned by institutional investors.
Suncor Energy stock traded up $0.03 during midday trading on Friday, hitting $31.00. 2,052,700 shares of the company’s stock were exchanged, compared to its average volume of 3,313,435. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.88 and a quick ratio of 0.56. Suncor Energy Inc. has a 12 month low of $25.81 and a 12 month high of $42.55. The stock has a market cap of $48.52 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 1.73 and a beta of 1.14.
Suncor Energy (NYSE:SU) (TSE:SU) last issued its earnings results on Wednesday, May 1st. The oil and gas producer reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.38. Suncor Energy had a net margin of 10.03% and a return on equity of 10.06%. The company had revenue of $7.07 billion for the quarter, compared to analysts’ expectations of $7.06 billion. During the same period in the prior year, the business earned $0.60 EPS. On average, equities analysts expect that Suncor Energy Inc. will post 2.54 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Tuesday, June 4th will be issued a dividend of $0.3121 per share. This represents a $1.25 annualized dividend and a yield of 4.03%. The ex-dividend date is Monday, June 3rd. Suncor Energy’s payout ratio is 62.00%.
SU has been the topic of a number of analyst reports. Credit Suisse Group upgraded shares of Suncor Energy from a “neutral” rating to an “outperform” rating in a research report on Thursday, March 14th. Mizuho restated an “average” rating and issued a $52.00 price target on shares of Suncor Energy in a report on Monday, April 22nd. Raymond James restated a “buy” rating on shares of Suncor Energy in a report on Thursday, May 2nd. GMP Securities restated a “hold” rating and issued a $48.00 price target on shares of Suncor Energy in a report on Tuesday, May 7th. Finally, Zacks Investment Research upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Monday, May 13th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $47.48.
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Suncor Energy Profile
Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.
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