Assetmark Inc. Has $228,000 Stock Holdings in Suncor Energy Inc. $SU

Assetmark Inc. increased its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 81.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,095 shares of the oil and gas producer’s stock after purchasing an additional 2,729 shares during the period. Assetmark Inc.’s holdings in Suncor Energy were worth $228,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SU. Cerity Partners LLC boosted its position in Suncor Energy by 75.7% in the 1st quarter. Cerity Partners LLC now owns 72,121 shares of the oil and gas producer’s stock valued at $2,793,000 after buying an additional 31,077 shares during the last quarter. Oxbow Advisors LLC grew its position in shares of Suncor Energy by 3.1% in the 1st quarter. Oxbow Advisors LLC now owns 101,672 shares of the oil and gas producer’s stock valued at $3,937,000 after purchasing an additional 3,020 shares during the period. MQS Management LLC bought a new stake in shares of Suncor Energy during the first quarter worth $701,000. Edgestream Partners L.P. acquired a new stake in shares of Suncor Energy in the 1st quarter valued at about $263,000. Finally, Cullen Frost Bankers Inc. lifted its stake in Suncor Energy by 7.0% in the 1st quarter. Cullen Frost Bankers Inc. now owns 8,989 shares of the oil and gas producer’s stock valued at $348,000 after acquiring an additional 588 shares in the last quarter. 67.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Raymond James Financial raised Suncor Energy from a “market perform” rating to an “outperform” rating in a report on Thursday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Suncor Energy in a research report on Wednesday, October 8th. Wells Fargo & Company started coverage on Suncor Energy in a report on Friday, October 17th. They issued an “equal weight” rating for the company. Royal Bank Of Canada reiterated an “outperform” rating and set a $65.00 price target on shares of Suncor Energy in a research report on Friday, October 3rd. Finally, Zacks Research downgraded Suncor Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $65.00.

Suncor Energy Price Performance

Shares of NYSE SU opened at $42.60 on Friday. The stock has a market cap of $51.39 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 3.52 and a beta of 0.75. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.77 and a current ratio of 1.26. Suncor Energy Inc. has a fifty-two week low of $30.79 and a fifty-two week high of $43.48. The firm’s 50-day simple moving average is $40.82 and its 200 day simple moving average is $38.94.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its earnings results on Tuesday, November 4th. The oil and gas producer reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.22. The firm had revenue of $9.04 billion for the quarter, compared to the consensus estimate of $8.82 billion. Suncor Energy had a return on equity of 13.21% and a net margin of 11.35%.During the same quarter in the previous year, the business earned $1.48 EPS. As a group, research analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 3rd will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 5.6%. This is a boost from Suncor Energy’s previous quarterly dividend of $0.41. The ex-dividend date is Wednesday, December 3rd. Suncor Energy’s dividend payout ratio (DPR) is presently 54.10%.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.