Natixis Advisors LLC Raises Stock Holdings in Suncor Energy Inc. $SU

Natixis Advisors LLC grew its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 2.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 497,044 shares of the oil and gas producer’s stock after acquiring an additional 11,125 shares during the quarter. Natixis Advisors LLC’s holdings in Suncor Energy were worth $20,781,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. First Trust Advisors LP boosted its holdings in Suncor Energy by 6.7% in the third quarter. First Trust Advisors LP now owns 193,206 shares of the oil and gas producer’s stock worth $8,083,000 after purchasing an additional 12,129 shares during the last quarter. Guardian Capital LP raised its stake in Suncor Energy by 0.4% during the 3rd quarter. Guardian Capital LP now owns 1,867,860 shares of the oil and gas producer’s stock valued at $78,183,000 after buying an additional 7,313 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Suncor Energy by 2.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 11,975,602 shares of the oil and gas producer’s stock valued at $500,712,000 after buying an additional 259,684 shares during the period. Picton Mahoney Asset Management lifted its holdings in shares of Suncor Energy by 314.8% during the 3rd quarter. Picton Mahoney Asset Management now owns 627,313 shares of the oil and gas producer’s stock valued at $26,246,000 after buying an additional 476,077 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Suncor Energy by 2.1% in the 3rd quarter. Victory Capital Management Inc. now owns 91,147 shares of the oil and gas producer’s stock worth $3,811,000 after buying an additional 1,843 shares during the last quarter. 67.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Suncor Energy Trading Up 1.6%

Suncor Energy stock opened at $58.22 on Thursday. Suncor Energy Inc. has a 12-month low of $30.79 and a 12-month high of $58.63. The firm has a market capitalization of $69.27 billion, a price-to-earnings ratio of 16.78 and a beta of 0.43. The firm has a 50 day moving average of $52.69 and a 200 day moving average of $45.81. The company has a current ratio of 1.39, a quick ratio of 0.89 and a debt-to-equity ratio of 0.20.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings results on Tuesday, February 3rd. The oil and gas producer reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.02. The business had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $8.79 billion. Suncor Energy had a net margin of 11.99% and a return on equity of 12.51%. During the same quarter in the previous year, the firm earned $1.25 earnings per share. As a group, research analysts predict that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Dividend Announcement

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 given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Wednesday, March 4th. Suncor Energy’s dividend payout ratio (DPR) is presently 50.72%.

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.