Captrust Financial Advisors grew its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 40.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,197 shares of the oil and gas producer’s stock after acquiring an additional 1,774 shares during the period. Captrust Financial Advisors’ holdings in Suncor Energy were worth $252,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Bessemer Group Inc. purchased a new position in shares of Suncor Energy in the second quarter valued at about $111,000. Mount Yale Investment Advisors LLC purchased a new position in shares of Suncor Energy in the first quarter valued at about $114,000. Gables Capital Management Inc. purchased a new position in shares of Suncor Energy in the first quarter valued at about $149,000. Signaturefd LLC purchased a new position in shares of Suncor Energy in the first quarter valued at about $152,000. Finally, Fortis Advisors LLC lifted its position in shares of Suncor Energy by 164.7% in the first quarter. Fortis Advisors LLC now owns 4,500 shares of the oil and gas producer’s stock valued at $155,000 after acquiring an additional 2,800 shares in the last quarter. Institutional investors and hedge funds own 65.57% of the company’s stock.
Shares of SU stock opened at $39.31 on Friday. Suncor Energy Inc. has a 12-month low of $31.33 and a 12-month high of $42.55. The company has a current ratio of 0.90, a quick ratio of 0.56 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $67.03 billion, a PE ratio of 26.03, a PEG ratio of 1.69 and a beta of 0.85.
Suncor Energy (NYSE:SU) (TSE:SU) last issued its earnings results on Wednesday, July 25th. The oil and gas producer reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.16. Suncor Energy had a return on equity of 9.61% and a net margin of 12.25%. The firm had revenue of $8.08 billion for the quarter, compared to analysts’ expectations of $6.53 billion. During the same period in the previous year, the firm posted $0.26 earnings per share. analysts predict that Suncor Energy Inc. will post 2.47 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 25th. Stockholders of record on Tuesday, September 4th will be issued a $0.274 dividend. The ex-dividend date of this dividend is Friday, August 31st. This represents a $1.10 annualized dividend and a dividend yield of 2.79%. Suncor Energy’s dividend payout ratio (DPR) is 72.85%.
Several equities analysts have recently commented on the company. Zacks Investment Research upgraded Suncor Energy from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Saturday, July 7th. Mizuho assumed coverage on Suncor Energy in a report on Monday, July 23rd. They issued a “buy” rating on the stock. Morgan Stanley lifted their target price on Suncor Energy from $54.00 to $65.00 and gave the stock an “overweight” rating in a report on Wednesday, May 23rd. Finally, AltaCorp Capital cut Suncor Energy from an “outperform” rating to a “sector perform” rating in a report on Tuesday, June 12th. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $49.71.
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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