Hilltop National Bank Purchases New Shares in Suncor Energy Inc. $SU

Hilltop National Bank bought a new stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,512 shares of the oil and gas producer’s stock, valued at approximately $206,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hanson & Doremus Investment Management raised its holdings in shares of Suncor Energy by 143.5% in the first quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 465 shares during the last quarter. Salem Investment Counselors Inc. grew its holdings in shares of Suncor Energy by 97.6% in the first quarter. Salem Investment Counselors Inc. now owns 820 shares of the oil and gas producer’s stock valued at $32,000 after acquiring an additional 405 shares in the last quarter. Maseco LLP bought a new position in shares of Suncor Energy in the second quarter valued at approximately $32,000. N.E.W. Advisory Services LLC bought a new position in shares of Suncor Energy in the first quarter valued at approximately $36,000. Finally, Wayfinding Financial LLC bought a new position in shares of Suncor Energy in the first quarter valued at approximately $42,000. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Suncor Energy in a research note on Saturday, September 27th. Royal Bank Of Canada restated an “outperform” rating and set a $65.00 price target on shares of Suncor Energy in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $65.00.

Suncor Energy Price Performance

Shares of NYSE SU opened at $41.36 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. The firm has a market cap of $50.00 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 3.33 and a beta of 0.78. Suncor Energy Inc. has a 1-year low of $30.79 and a 1-year high of $43.48. The stock has a fifty day simple moving average of $40.59 and a two-hundred day simple moving average of $38.16.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings results on Tuesday, August 5th. The oil and gas producer reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.01. The company had revenue of $8.81 billion during the quarter, compared to the consensus estimate of $11.56 billion. Suncor Energy had a return on equity of 13.21% and a net margin of 11.35%.During the same quarter in the prior year, the company earned $1.27 EPS. Analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th were given a dividend of $0.4135 per share. This is a boost from Suncor Energy’s previous quarterly dividend of $0.41. This represents a $1.65 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Thursday, September 4th. Suncor Energy’s dividend payout ratio (DPR) is 51.08%.

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.