Intact Investment Management Inc. Reduces Position in Suncor Energy Inc. $SU

Intact Investment Management Inc. reduced its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,244,050 shares of the oil and gas producer’s stock after selling 31,794 shares during the period. Suncor Energy comprises approximately 1.6% of Intact Investment Management Inc.’s portfolio, making the stock its 18th largest position. Intact Investment Management Inc. owned approximately 0.10% of Suncor Energy worth $52,067,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC lifted its holdings in Suncor Energy by 14.2% during the 1st quarter. AQR Capital Management LLC now owns 25,015 shares of the oil and gas producer’s stock worth $959,000 after buying an additional 3,115 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Suncor Energy by 172.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,981 shares of the oil and gas producer’s stock worth $77,000 after acquiring an additional 1,254 shares in the last quarter. Kathmere Capital Management LLC raised its position in shares of Suncor Energy by 30.7% during the 2nd quarter. Kathmere Capital Management LLC now owns 11,376 shares of the oil and gas producer’s stock worth $426,000 after acquiring an additional 2,675 shares in the last quarter. Signaturefd LLC lifted its stake in Suncor Energy by 20.2% during the second quarter. Signaturefd LLC now owns 35,002 shares of the oil and gas producer’s stock worth $1,311,000 after purchasing an additional 5,894 shares during the last quarter. Finally, Independence Bank of Kentucky boosted its holdings in Suncor Energy by 13.2% in the second quarter. Independence Bank of Kentucky now owns 8,599 shares of the oil and gas producer’s stock valued at $322,000 after purchasing an additional 1,002 shares in the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SU shares. Wall Street Zen downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating in a research report on Sunday, December 28th. Zacks Research lowered shares of Suncor Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Royal Bank Of Canada reissued an “outperform” rating and issued a $65.00 price target on shares of Suncor Energy in a research report on Friday, October 3rd. The Goldman Sachs Group upped their price objective on shares of Suncor Energy from $48.00 to $54.00 and gave the company a “buy” rating in a research note on Friday. Finally, JPMorgan Chase & Co. upgraded Suncor Energy from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $46.15 to $54.00 in a research report on Tuesday, January 20th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Suncor Energy has a consensus rating of “Moderate Buy” and a consensus target price of $57.67.

Suncor Energy Trading Up 1.9%

NYSE SU opened at $50.83 on Monday. The firm’s fifty day moving average is $45.24 and its two-hundred day moving average is $42.13. Suncor Energy Inc. has a one year low of $30.79 and a one year high of $51.32. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.85 and a current ratio of 1.35. The firm has a market cap of $60.67 billion, a PE ratio of 16.67 and a beta of 0.46.

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 the consensus estimate of $0.85 by $0.22. The business had revenue of $9.04 billion during the quarter, compared to the consensus estimate 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 prior year, the firm earned $1.48 earnings per share. Analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 3rd were given a $0.60 dividend. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.41. The ex-dividend date was Wednesday, December 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 4.7%. Suncor Energy’s payout ratio is 56.39%.

More Suncor Energy News

Here are the key news stories impacting Suncor Energy this week:

• Positive Sentiment: Goldman Sachs raised its price target on SU from $48 to $54 and set a “buy” rating, signaling analyst conviction in upside versus the current level. Goldman Sachs raises Suncor price target to $54
• Positive Sentiment: JPMorgan upgraded Suncor, another institutional vote that can support buying interest and help buoy the stock. JPMorgan upgrades Suncor
• Neutral Sentiment: Wells Fargo assigned a “hold” on SU, reflecting mixed views among analysts and suggesting divergent near-term expectations. Wells Fargo hold on Suncor
• Neutral Sentiment: Analyst and market commentary on Suncor’s reassessment and valuation may create trading opportunities for long-term investors, but it’s not an immediate catalyst. Reassessment valuation opportunity
• Negative Sentiment: Fatal workplace incident at the Fort Hills oilsands site (machinery sank into muskeg) — the death is under investigation. This raises safety, potential regulatory scrutiny and reputational risk that can pressure the stock until operational impacts are clarified. Worker dies at Suncor oilsands site Fort Hills worker death coverage
• Negative Sentiment: Unusually heavy put option buying (28,315 puts, ~2,998% above average) indicates elevated bearish hedging or speculation that could amplify near-term downside volatility. High put option volume on Suncor
• Negative Sentiment: Zacks downgraded Suncor from “strong-buy” to “hold,” which may temper buying enthusiasm from certain retail and institutional flows. Zacks downgrades Suncor
• Negative Sentiment: Labor/legal note — Suncor was ordered to pay $160,000 to a former shift supervisor, a reminder of ongoing HR/legal exposures. Suncor ordered to pay ex-employee

Suncor Energy 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.