Suncor Energy Inc. $SU Shares Purchased by Great Lakes Advisors LLC

Great Lakes Advisors LLC increased its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 1.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 694,142 shares of the oil and gas producer’s stock after buying an additional 11,015 shares during the period. Great Lakes Advisors LLC owned about 0.06% of Suncor Energy worth $29,022,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SU. Richardson Financial Services Inc. increased its position in shares of Suncor Energy by 64.1% during the third quarter. Richardson Financial Services Inc. now owns 704 shares of the oil and gas producer’s stock worth $29,000 after acquiring an additional 275 shares during the period. Hanson & Doremus Investment Management increased its holdings in Suncor Energy by 143.5% during the 3rd quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 465 shares during the period. Headlands Technologies LLC acquired a new stake in Suncor Energy in the 2nd quarter valued at about $31,000. Atlantic Union Bankshares Corp acquired a new position in shares of Suncor Energy during the second quarter worth about $37,000. Finally, Corsicana & Co. purchased a new stake in shares of Suncor Energy during the third quarter worth approximately $42,000. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Wall Street Analyst Weigh In

SU has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Suncor Energy in a research report on Monday, December 29th. The Goldman Sachs Group boosted their target price on Suncor Energy from $48.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $65.00 price target on shares of Suncor Energy in a report on Friday, October 3rd. Wall Street Zen cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a report on Sunday, December 28th. Finally, Wells Fargo & Company began coverage on shares of Suncor Energy in a report on Friday, October 17th. They issued an “equal weight” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $57.67.

Suncor Energy Stock Performance

Shares of Suncor Energy stock opened at $53.00 on Thursday. The firm’s fifty day simple moving average is $45.67 and its 200-day simple moving average is $42.37. Suncor Energy Inc. has a 12 month low of $30.79 and a 12 month high of $53.19. The stock has a market capitalization of $63.25 billion, a price-to-earnings ratio of 17.38 and a beta of 0.46. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.35 and a quick ratio of 0.85.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings data on Tuesday, November 4th. The oil and gas producer reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.22. Suncor Energy had a net margin of 10.61% and a return on equity of 13.01%. The company had revenue of $9.04 billion for the quarter, compared to the consensus estimate of $8.82 billion. During the same period last year, the firm posted $1.48 EPS. As a group, equities analysts forecast that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 3rd were issued a dividend of $0.60 per share. This is a boost from Suncor Energy’s previous quarterly dividend of $0.41. This represents a $2.40 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Wednesday, December 3rd. Suncor Energy’s dividend payout ratio is 56.39%.

Suncor Energy Company Profile

Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company’s operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.

Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.