Flinton Capital Management LLC grew its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 19.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,100 shares of the oil and gas producer’s stock after purchasing an additional 2,632 shares during the period. Flinton Capital Management LLC’s holdings in Suncor Energy were worth $484,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Princeton Global Asset Management LLC raised its stake in shares of Suncor Energy by 6.8% in the 1st quarter. Princeton Global Asset Management LLC now owns 67,179 shares of the oil and gas producer’s stock valued at $2,178,000 after purchasing an additional 4,277 shares during the period. Icon Wealth Partners LLC acquired a new stake in shares of Suncor Energy during the first quarter worth $58,000. Perkins Coie Trust Co lifted its holdings in shares of Suncor Energy by 24.4% during the second quarter. Perkins Coie Trust Co now owns 3,160 shares of the oil and gas producer’s stock worth $98,000 after purchasing an additional 620 shares during the period. Regentatlantic Capital LLC lifted its holdings in shares of Suncor Energy by 46.3% during the second quarter. Regentatlantic Capital LLC now owns 12,432 shares of the oil and gas producer’s stock worth $387,000 after purchasing an additional 3,935 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Suncor Energy by 39.9% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 94,631 shares of the oil and gas producer’s stock worth $3,070,000 after purchasing an additional 26,997 shares during the period. 64.07% of the stock is currently owned by hedge funds and other institutional investors.
SU has been the subject of several recent research reports. ValuEngine raised Suncor Energy from a “sell” rating to a “hold” rating in a report on Tuesday, August 27th. BMO Capital Markets reaffirmed a “buy” rating on shares of Suncor Energy in a report on Monday, June 24th. Finally, Citigroup decreased their price target on Suncor Energy from $59.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $48.23.
Shares of SU stock opened at $31.69 on Friday. Suncor Energy Inc. has a 1 year low of $25.81 and a 1 year high of $40.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.98. The stock has a fifty day moving average of $29.61 and a two-hundred day moving average of $31.27. The firm has a market capitalization of $49.24 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 1.75 and a beta of 1.07.
Suncor Energy (NYSE:SU) (TSE:SU) last announced its earnings results on Wednesday, July 24th. The oil and gas producer reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.09). The company had revenue of $7.55 billion for the quarter, compared to analyst estimates of $8.15 billion. Suncor Energy had a return on equity of 10.20% and a net margin of 14.55%. Equities research analysts predict that Suncor Energy Inc. will post 2.45 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were given a dividend of $0.321 per share. This represents a $1.28 annualized dividend and a yield of 4.05%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Tuesday, September 3rd. Suncor Energy’s payout ratio is presently 63.00%.
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.
Recommended Story: Coverage Ratio
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.