Mirabella Financial Services LLP Has $2 Million Position in Suncor Energy Inc. $SU

Mirabella Financial Services LLP lifted its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 369.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 47,848 shares of the oil and gas producer’s stock after purchasing an additional 37,650 shares during the period. Mirabella Financial Services LLP’s holdings in Suncor Energy were worth $1,999,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in SU. Lido Advisors LLC boosted its stake in Suncor Energy by 6.4% during the 3rd quarter. Lido Advisors LLC now owns 7,803 shares of the oil and gas producer’s stock valued at $326,000 after purchasing an additional 469 shares during the period. Lighthouse Investment Partners LLC bought a new position in Suncor Energy in the 3rd quarter worth approximately $2,509,000. Jain Global LLC acquired a new position in shares of Suncor Energy during the third quarter worth approximately $214,000. Gotham Asset Management LLC lifted its holdings in shares of Suncor Energy by 4.1% during the third quarter. Gotham Asset Management LLC now owns 21,546 shares of the oil and gas producer’s stock worth $901,000 after buying an additional 850 shares during the last quarter. Finally, Clark Capital Management Group Inc. boosted its position in shares of Suncor Energy by 1.6% in the third quarter. Clark Capital Management Group Inc. now owns 810,060 shares of the oil and gas producer’s stock valued at $33,869,000 after acquiring an additional 12,667 shares during the period. Institutional investors and hedge funds own 67.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Suncor Energy from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $46.15 to $54.00 in a research note on Tuesday, January 20th. Zacks Research downgraded shares of Suncor Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Royal Bank Of Canada raised their price target on shares of Suncor Energy from $69.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. The Goldman Sachs Group boosted their price objective on shares of Suncor Energy from $55.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, March 12th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Suncor Energy in a research report on Monday, December 29th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Suncor Energy has an average rating of “Moderate Buy” and an average price target of $63.67.

Suncor Energy Price Performance

Shares of NYSE:SU opened at $60.58 on Tuesday. The firm has a market capitalization of $72.08 billion, a PE ratio of 17.46 and a beta of 0.42. 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 Inc. has a 1-year low of $30.79 and a 1-year high of $60.67. The business’s 50 day moving average is $53.60 and its 200-day moving average is $46.25.

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

Suncor Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Wednesday, March 4th. Suncor Energy’s payout ratio is 50.72%.

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.