American Century Companies Inc. Has $32.90 Million Position in Suncor Energy Inc. $SU

American Century Companies Inc. grew its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 17.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 878,325 shares of the oil and gas producer’s stock after buying an additional 130,802 shares during the quarter. American Century Companies Inc. owned approximately 0.07% of Suncor Energy worth $32,901,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Shell Asset Management Co. increased its position in Suncor Energy by 65.8% during the second quarter. Shell Asset Management Co. now owns 103,082 shares of the oil and gas producer’s stock worth $3,854,000 after buying an additional 40,892 shares during the last quarter. Focus Partners Wealth boosted its stake in shares of Suncor Energy by 1.3% during the 1st quarter. Focus Partners Wealth now owns 796,967 shares of the oil and gas producer’s stock worth $30,859,000 after acquiring an additional 10,514 shares during the period. Ontario Teachers Pension Plan Board boosted its stake in shares of Suncor Energy by 15.6% during the 2nd quarter. Ontario Teachers Pension Plan Board now owns 315,278 shares of the oil and gas producer’s stock worth $11,818,000 after acquiring an additional 42,506 shares during the period. Canoe Financial LP acquired a new position in shares of Suncor Energy during the 2nd quarter worth approximately $9,653,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Suncor Energy by 36.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 944,533 shares of the oil and gas producer’s stock worth $36,572,000 after acquiring an additional 251,298 shares during the last quarter. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $65.00 price target on shares of Suncor Energy in a report on Friday, October 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Suncor Energy in a research report on Tuesday. Wells Fargo & Company began coverage on shares of Suncor Energy in a research note on Friday, October 17th. They set an “equal weight” rating for the company. Zacks Research lowered shares of Suncor Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Finally, Raymond James Financial raised shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a report on Thursday, November 6th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Suncor Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.00.

Suncor Energy Price Performance

Shares of Suncor Energy stock opened at $44.98 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.26 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $54.05 billion, a price-to-earnings ratio of 13.84, a price-to-earnings-growth ratio of 3.52 and a beta of 0.75. Suncor Energy Inc. has a twelve month low of $30.79 and a twelve month high of $45.60. The company has a 50-day simple moving average of $41.66 and a two-hundred day simple moving average of $39.89.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.22. Suncor Energy had a net margin of 11.35% and a return on equity of 13.21%. The firm had revenue of $9.04 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same quarter in the prior year, the business posted $1.48 EPS. Analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 24th. Investors of record on Wednesday, December 3rd will be given a dividend of $0.60 per share. This is an increase from Suncor Energy’s previous quarterly dividend of $0.41. This represents a $2.40 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Wednesday, December 3rd. Suncor Energy’s dividend payout ratio (DPR) is currently 55.74%.

About Suncor Energy

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.