Ellis Investment Partners LLC purchased a new stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the first quarter, HoldingsChannel reports. The firm purchased 13,867 shares of the oil and gas producer’s stock, valued at approximately $428,000.
A number of other large investors have also recently bought and sold shares of SU. Barometer Capital Management Inc. bought a new position in shares of Suncor Energy in the 1st quarter worth about $25,906,000. Gulf International Bank UK Ltd boosted its holdings in shares of Suncor Energy by 2.3% during the 1st quarter. Gulf International Bank UK Ltd now owns 31,789 shares of the oil and gas producer’s stock valued at $1,031,000 after acquiring an additional 700 shares during the last quarter. Pennsylvania Trust Co purchased a new stake in shares of Suncor Energy during the 1st quarter valued at about $1,425,000. DORCHESTER WEALTH MANAGEMENT Co boosted its holdings in shares of Suncor Energy by 2.3% during the 1st quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 315,976 shares of the oil and gas producer’s stock valued at $10,241,000 after acquiring an additional 7,076 shares during the last quarter. Finally, Locust Wood Capital Advisers LLC boosted its holdings in shares of Suncor Energy by 12.7% during the 1st quarter. Locust Wood Capital Advisers LLC now owns 1,047,291 shares of the oil and gas producer’s stock valued at $33,964,000 after acquiring an additional 118,023 shares during the last quarter. Institutional investors own 65.93% of the company’s stock.
SU has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Suncor Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 2nd. Royal Bank of Canada reaffirmed a “buy” rating and set a $53.00 price target on shares of Suncor Energy in a report on Monday, January 7th. Macquarie raised shares of Suncor Energy from a “neutral” rating to an “outperform” rating and set a $33.30 price target on the stock in a report on Thursday, February 7th. Morgan Stanley reaffirmed a “buy” rating on shares of Suncor Energy in a report on Tuesday, January 29th. Finally, UBS Group reaffirmed a “buy” rating and set a $49.00 price target on shares of Suncor Energy in a report on Monday, January 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. Suncor Energy has a consensus rating of “Buy” and an average target price of $49.93.
Shares of NYSE:SU traded up $0.43 during trading on Monday, hitting $33.62. The company’s stock had a trading volume of 80,929 shares, compared to its average volume of 3,073,700. Suncor Energy Inc. has a 12 month low of $25.81 and a 12 month high of $42.55. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $53.08 billion, a PE ratio of 16.83, a price-to-earnings-growth ratio of 2.18 and a beta of 1.16.
Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings data on Tuesday, February 5th. The oil and gas producer reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.11). Suncor Energy had a return on equity of 9.50% and a net margin of 8.48%. The business had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $8.13 billion. Analysts expect that Suncor Energy Inc. will post 1.97 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 4th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend was Friday, March 1st. This is a boost from Suncor Energy’s previous quarterly dividend of $0.27. Suncor Energy’s dividend payout ratio is 63.50%.
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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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