D Orazio & Associates Inc. Invests $263,000 in Suncor Energy Inc. $SU

D Orazio & Associates Inc. bought a new position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,024 shares of the oil and gas producer’s stock, valued at approximately $263,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Maseco LLP purchased a new position in Suncor Energy during the 2nd quarter worth approximately $32,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Suncor Energy in the 1st quarter valued at $36,000. Atlantic Union Bankshares Corp acquired a new stake in shares of Suncor Energy in the second quarter worth $37,000. Harbour Investments Inc. raised its holdings in shares of Suncor Energy by 67.0% during the first quarter. Harbour Investments Inc. now owns 1,169 shares of the oil and gas producer’s stock worth $45,000 after purchasing an additional 469 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in Suncor Energy by 27.6% during the second quarter. IFP Advisors Inc now owns 1,428 shares of the oil and gas producer’s stock valued at $53,000 after purchasing an additional 309 shares during the period. Institutional investors and hedge funds own 67.37% of the company’s stock.

Analysts Set New Price Targets

SU has been the topic of several analyst reports. Weiss Ratings raised Suncor Energy from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, November 7th. Zacks Research downgraded Suncor Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Raymond James Financial upgraded Suncor Energy from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 6th. Royal Bank Of Canada reissued an “outperform” rating and issued a $65.00 price target on shares of Suncor Energy in a report on Friday, October 3rd. Finally, Wells Fargo & Company initiated coverage on shares of Suncor Energy in a research note on Friday, October 17th. They set an “equal weight” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Suncor Energy has an average rating of “Moderate Buy” and an average target price of $65.00.

Suncor Energy Stock Performance

Shares of SU stock opened at $43.60 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.77 and a debt-to-equity ratio of 0.19. Suncor Energy Inc. has a 12-month low of $30.79 and a 12-month high of $44.70. The business’s 50 day moving average is $41.05 and its two-hundred day moving average is $39.15. The company has a market capitalization of $52.60 billion, a P/E ratio of 13.42, a P/E/G ratio of 3.52 and a beta of 0.75.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings data on Tuesday, November 4th. The oil and gas producer reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.22. Suncor Energy had a return on equity of 13.21% and a net margin of 11.35%.The business had revenue of $9.04 billion during the quarter, compared to analysts’ expectations of $8.82 billion. During the same period in the previous year, the business earned $1.48 earnings per share. Analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 3rd will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.41. This represents a $2.40 annualized dividend and a yield of 5.5%. Suncor Energy’s payout ratio is 55.74%.

About Suncor Energy

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, 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.