Jacobi Capital Management LLC held its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,214 shares of the oil and gas producer’s stock at the close of the 2nd quarter. Jacobi Capital Management LLC’s holdings in Suncor Energy were worth $205,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the company. UBS Asset Management Americas Inc. bought a new position in shares of Suncor Energy during the 4th quarter worth approximately $152,000. Janney Montgomery Scott LLC purchased a new stake in Suncor Energy during the 1st quarter worth approximately $811,000. BB&T Corp grew its position in Suncor Energy by 12.9% during the 1st quarter. BB&T Corp now owns 7,774 shares of the oil and gas producer’s stock worth $239,000 after purchasing an additional 887 shares during the last quarter. Canada Pension Plan Investment Board grew its position in Suncor Energy by 113.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 111,600 shares of the oil and gas producer’s stock worth $3,417,000 after purchasing an additional 59,390 shares during the last quarter. Finally, Princeton Alpha Management LP purchased a new stake in Suncor Energy during the 1st quarter worth approximately $228,000. Institutional investors and hedge funds own 64.07% of the company’s stock.
Shares of Suncor Energy Inc. (NYSE:SU) traded down 0.59% during mid-day trading on Friday, reaching $33.95. 1,348,199 shares of the company traded hands. Suncor Energy Inc. has a 52-week low of $25.70 and a 52-week high of $34.22. The company has a market capitalization of $56.34 billion, a P/E ratio of 26.30 and a beta of 0.82. The firm’s 50 day moving average price is $32.19 and its 200-day moving average price is $30.99.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Tuesday, September 5th will be paid a dividend of $0.2552 per share. The ex-dividend date of this dividend is Thursday, August 31st. This is an increase from Suncor Energy ‘s previous quarterly dividend of $0.24. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.99%. Suncor Energy ‘s dividend payout ratio (DPR) is 84.43%.
Several analysts have weighed in on the stock. BidaskClub downgraded shares of Suncor Energy from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Piper Jaffray Companies dropped their price objective on shares of Suncor Energy from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, July 3rd. National Bank Financial initiated coverage on shares of Suncor Energy in a report on Tuesday, June 27th. They set an “outperform” rating on the stock. Scotiabank downgraded shares of Suncor Energy from an “outperform” rating to a “sector perform” rating in a report on Friday, June 9th. Finally, AltaCorp Capital downgraded shares of Suncor Energy from an “outperform” rating to a “sector perform” rating in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $42.86.
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Suncor Energy Company Profile
Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.
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