Suncor Energy Inc. $SU Shares Purchased by CW Advisors LLC

CW Advisors LLC increased its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 89.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 131,856 shares of the oil and gas producer’s stock after buying an additional 62,307 shares during the quarter. CW Advisors LLC’s holdings in Suncor Energy were worth $4,938,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Shell Asset Management Co. lifted 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 valued at $3,854,000 after purchasing an additional 40,892 shares during the period. Focus Partners Wealth raised 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 valued at $30,859,000 after buying an additional 10,514 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its holdings in shares of Suncor Energy by 15.6% in the 2nd quarter. Ontario Teachers Pension Plan Board now owns 315,278 shares of the oil and gas producer’s stock valued at $11,818,000 after buying an additional 42,506 shares during the period. Canoe Financial LP purchased a new stake in shares of Suncor Energy in the second quarter worth about $9,653,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Suncor Energy by 36.3% during the first 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 period. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Suncor Energy Stock Performance

SU opened at $44.24 on Friday. The firm’s fifty day simple moving average is $41.88 and its two-hundred day simple moving average is $40.16. Suncor Energy Inc. has a 52-week low of $30.79 and a 52-week high of $45.60. The company has a market cap of $53.16 billion, a price-to-earnings ratio of 14.51 and a beta of 0.46. The company has a quick ratio of 0.85, a current ratio of 1.35 and a debt-to-equity ratio of 0.19.

Suncor Energy (NYSE:SU) (TSE:SU) last released its earnings results on Tuesday, November 4th. The oil and gas producer reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.22. The business had revenue of $9.04 billion during the quarter, compared to analysts’ expectations of $8.82 billion. Suncor Energy had a net margin of 10.61% and a return on equity of 13.01%. During the same quarter in the previous year, the company earned $1.48 earnings per share. Equities analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 3rd will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. 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 dividend yield of 5.4%. Suncor Energy’s payout ratio is currently 56.39%.

Wall Street Analyst Weigh In

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

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.