Peoples Financial Services CORP. lessened its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 6.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,140 shares of the oil and gas producer’s stock after selling 620 shares during the period. Peoples Financial Services CORP.’s holdings in Suncor Energy were worth $255,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in SU. Bradley Foster & Sargent Inc. CT grew its stake in Suncor Energy by 1.0% during the 3rd quarter. Bradley Foster & Sargent Inc. CT now owns 608,164 shares of the oil and gas producer’s stock valued at $23,530,000 after acquiring an additional 6,237 shares in the last quarter. Hexavest Inc. purchased a new stake in Suncor Energy during the 3rd quarter valued at about $5,005,000. Thornburg Investment Management Inc. purchased a new stake in Suncor Energy during the 3rd quarter valued at about $82,982,000. Millennium Management LLC grew its stake in Suncor Energy by 28.9% during the 2nd quarter. Millennium Management LLC now owns 573,730 shares of the oil and gas producer’s stock valued at $23,339,000 after acquiring an additional 128,486 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in Suncor Energy during the 3rd quarter valued at about $1,576,000. Hedge funds and other institutional investors own 65.65% of the company’s stock.
Shares of Suncor Energy stock traded up $0.22 during mid-day trading on Monday, hitting $30.64. The stock had a trading volume of 205,992 shares, compared to its average volume of 3,975,292. Suncor Energy Inc. has a 12-month low of $25.81 and a 12-month high of $42.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.93 and a quick ratio of 0.59. The stock has a market cap of $48.96 billion, a price-to-earnings ratio of 20.29, a price-to-earnings-growth ratio of 1.49 and a beta of 1.07.
Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings results on Wednesday, October 31st. The oil and gas producer reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.25. Suncor Energy had a net margin of 12.66% and a return on equity of 11.11%. The business had revenue of $8.31 billion during the quarter, compared to analysts’ expectations of $9.29 billion. During the same quarter in the prior year, the company posted $0.52 EPS. Equities analysts expect that Suncor Energy Inc. will post 2.24 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, December 24th. Stockholders of record on Monday, December 3rd were paid a $0.2725 dividend. The ex-dividend date was Friday, November 30th. This represents a $1.09 annualized dividend and a dividend yield of 3.56%. Suncor Energy’s dividend payout ratio (DPR) is 71.52%.
Several analysts recently issued reports on the stock. Zacks Investment Research cut shares of Suncor Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 2nd. UBS Group reaffirmed a “buy” rating and set a $49.00 price objective on shares of Suncor Energy in a research note on Monday, January 7th. Raymond James reaffirmed a “buy” rating on shares of Suncor Energy in a research note on Monday, December 17th. CIBC assumed coverage on shares of Suncor Energy in a research note on Friday, October 5th. They set a “sector outperform” rating for the company. Finally, Macquarie cut shares of Suncor Energy from an “outperform” rating to a “neutral” rating and set a $46.00 price objective for the company. in a research note on Tuesday, December 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $51.73.
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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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