Suncor Energy Inc. (NYSE:SU) Shares Bought by Signaturefd LLC

Signaturefd LLC grew its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 6.5% during the third quarter, Holdings Channel reports. The firm owned 28,267 shares of the oil and gas producer’s stock after purchasing an additional 1,737 shares during the quarter. Signaturefd LLC’s holdings in Suncor Energy were worth $1,044,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Sequoia Financial Advisors LLC raised its stake in shares of Suncor Energy by 113.1% in the third quarter. Sequoia Financial Advisors LLC now owns 34,659 shares of the oil and gas producer’s stock valued at $1,280,000 after acquiring an additional 18,398 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Suncor Energy by 286.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 299,604 shares of the oil and gas producer’s stock worth $11,061,000 after purchasing an additional 222,170 shares during the period. Raymond James & Associates raised its position in Suncor Energy by 9.7% in the 3rd quarter. Raymond James & Associates now owns 466,969 shares of the oil and gas producer’s stock valued at $17,240,000 after purchasing an additional 41,206 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Suncor Energy by 56.2% in the 3rd quarter. Blue Trust Inc. now owns 5,120 shares of the oil and gas producer’s stock valued at $195,000 after buying an additional 1,842 shares during the period. Finally, Net Worth Advisory Group acquired a new position in shares of Suncor Energy during the third quarter worth about $286,000. Institutional investors and hedge funds own 67.37% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SU. TD Securities upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. Wolfe Research assumed coverage on shares of Suncor Energy in a research report on Thursday, July 18th. They set an “outperform” rating and a $68.00 price objective for the company. Scotiabank dropped their target price on Suncor Energy from $61.00 to $60.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th. StockNews.com downgraded Suncor Energy from a “buy” rating to a “hold” rating in a report on Thursday, October 17th. Finally, BMO Capital Markets raised Suncor Energy from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $55.83.

Suncor Energy Stock Performance

NYSE SU opened at $38.60 on Thursday. The company has a fifty day moving average of $38.91 and a two-hundred day moving average of $38.74. The company has a market capitalization of $48.70 billion, a PE ratio of 8.96, a P/E/G ratio of 2.63 and a beta of 1.12. Suncor Energy Inc. has a 1 year low of $29.45 and a 1 year high of $41.94. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.46 and a quick ratio of 0.93.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its earnings results on Tuesday, August 6th. The oil and gas producer reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.51. The firm had revenue of $12.90 billion during the quarter, compared to analysts’ expectations of $9.30 billion. Suncor Energy had a return on equity of 16.22% and a net margin of 14.40%. The business’s revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.71 EPS. As a group, analysts expect that Suncor Energy Inc. will post 3.71 earnings per share for the current year.

Suncor Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were issued a $0.395 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 4.09%. Suncor Energy’s payout ratio is 37.59%.

Suncor Energy Company Profile

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.