Jones Financial Companies Lllp Has $4.51 Million Holdings in Suncor Energy Inc. $SU

Jones Financial Companies Lllp boosted its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 12.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 105,834 shares of the oil and gas producer’s stock after purchasing an additional 11,777 shares during the period. Jones Financial Companies Lllp’s holdings in Suncor Energy were worth $4,509,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in SU. Richardson Financial Services Inc. boosted its position in shares of Suncor Energy by 64.1% during the 3rd 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 in the last quarter. Headlands Technologies LLC acquired a new position in Suncor Energy during the second quarter valued at approximately $31,000. Hanson & Doremus Investment Management lifted its stake in Suncor Energy by 143.5% during the third 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 last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of Suncor Energy in the 2nd quarter valued at $37,000. Finally, Corsicana & Co. bought a new position in shares of Suncor Energy in the 3rd quarter valued at $42,000. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SU has been the subject of several recent analyst reports. Zacks Research downgraded Suncor Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Royal Bank Of Canada boosted their target price on Suncor Energy from $69.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday. Raymond James Financial upgraded shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a research note on Thursday, November 6th. JPMorgan Chase & Co. raised shares of Suncor Energy from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $46.15 to $54.00 in a report on Tuesday, January 20th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Suncor Energy in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $61.00.

Suncor Energy Stock Up 1.3%

Shares of NYSE SU opened at $53.82 on Friday. The company has a 50 day simple moving average of $46.89 and a 200 day simple moving average of $43.03. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 0.85. Suncor Energy Inc. has a 1 year low of $30.79 and a 1 year high of $55.30. The firm has a market cap of $64.24 billion, a PE ratio of 15.51 and a beta of 0.46.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings results on Tuesday, February 3rd. The oil and gas producer reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.02. The firm had revenue of $8.77 billion during the quarter, compared to analysts’ expectations of $8.79 billion. Suncor Energy had a net margin of 11.99% and a return on equity of 12.51%. During the same period in the prior year, the company posted $1.25 EPS. On average, research analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Wednesday, March 4th. Suncor Energy’s dividend payout ratio (DPR) is currently 49.57%.

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.