Pekin Hardy Strauss Inc. Has $4.75 Million Holdings in Suncor Energy Inc. $SU

Pekin Hardy Strauss Inc. lessened its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 25.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,489 shares of the oil and gas producer’s stock after selling 39,669 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Suncor Energy were worth $4,745,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SU. Richardson Financial Services Inc. lifted its position in Suncor Energy by 64.1% in the 3rd quarter. Richardson Financial Services Inc. now owns 704 shares of the oil and gas producer’s stock valued at $29,000 after acquiring an additional 275 shares in the last quarter. Headlands Technologies LLC bought a new stake in Suncor Energy during the 2nd quarter worth approximately $31,000. Hanson & Doremus Investment Management raised its stake in shares of Suncor Energy by 143.5% in 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. Smartleaf Asset Management LLC lifted its holdings in shares of Suncor Energy by 95.8% in the third quarter. Smartleaf Asset Management LLC now owns 793 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 388 shares in the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of Suncor Energy during the second quarter valued at approximately $37,000. 67.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SU shares. The Goldman Sachs Group raised their price objective on Suncor Energy from $48.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Wall Street Zen lowered shares of Suncor Energy from a “buy” rating to a “hold” rating in a research report on Sunday, December 28th. JPMorgan Chase & Co. upgraded shares of Suncor Energy from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $46.15 to $54.00 in a report on Tuesday, January 20th. Royal Bank Of Canada increased their price objective on shares of Suncor Energy from $69.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Suncor Energy in a research report on Monday, December 29th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $61.00.

Suncor Energy Stock Performance

Shares of SU opened at $56.81 on Friday. Suncor Energy Inc. has a 1 year low of $30.79 and a 1 year high of $57.13. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 0.89. The stock’s fifty day moving average price is $48.91 and its two-hundred day moving average price is $44.02. The firm has a market cap of $67.60 billion, a PE ratio of 16.37 and a beta of 0.46.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings data on Tuesday, February 3rd. The oil and gas producer reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.02. Suncor Energy had a return on equity of 12.51% and a net margin of 11.99%.The company had revenue of $8.77 billion during the quarter, compared to analyst estimates of $8.79 billion. During the same quarter last year, the firm posted $1.25 EPS. On average, equities 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. Shareholders of record on Wednesday, March 4th will be paid a $0.60 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $2.40 annualized dividend and a yield of 4.2%. Suncor Energy’s dividend payout ratio (DPR) is currently 49.57%.

Suncor Energy 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.