Suncor Energy Inc. $SU Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 0.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 54,554,516 shares of the oil and gas producer’s stock after selling 77,000 shares during the period. Vanguard Group Inc. owned about 4.52% of Suncor Energy worth $2,282,997,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Richardson Financial Services Inc. lifted its position in Suncor Energy by 64.1% in the third quarter. Richardson Financial Services Inc. now owns 704 shares of the oil and gas producer’s stock valued at $29,000 after purchasing an additional 275 shares during the period. Headlands Technologies LLC acquired a new position in shares of Suncor Energy in the second quarter valued at approximately $31,000. Hanson & Doremus Investment Management grew its holdings in Suncor Energy by 143.5% in the 3rd quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 465 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Suncor Energy by 95.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 793 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 388 shares during the period. Finally, Atlantic Union Bankshares Corp acquired a new stake in Suncor Energy during the second quarter worth about $37,000. 67.37% of the stock is owned by hedge funds and other institutional investors.

Suncor Energy Stock Up 1.8%

SU opened at $56.83 on Friday. The business has a 50-day moving average of $48.91 and a 200-day moving average of $44.02. Suncor Energy Inc. has a fifty-two week low of $30.79 and a fifty-two week high of $57.13. The company has a market capitalization of $67.62 billion, a PE ratio of 16.31 and a beta of 0.46. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 0.89.

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 for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. The company had revenue of $8.77 billion during the quarter, compared to analysts’ expectations of $8.79 billion. Suncor Energy had a return on equity of 12.51% and a net margin of 11.99%.During the same quarter in the previous year, the firm earned $1.25 earnings per share. Equities research analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $2.40 annualized dividend and a dividend yield of 4.2%. Suncor Energy’s dividend payout ratio (DPR) is presently 49.57%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SU. Raymond James Financial raised shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a research note on Thursday, November 6th. Zacks Research lowered Suncor Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Wall Street Zen cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Sunday, December 28th. JPMorgan Chase & Co. upgraded Suncor Energy from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $46.15 to $54.00 in a research report on Tuesday, January 20th. Finally, Royal Bank Of Canada lifted their price objective on shares of Suncor Energy from $69.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.00.

About Suncor Energy

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.