Suncor Energy Inc. $SU Shares Purchased by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd increased its stake in Suncor Energy Inc. (NYSE:SUFree Report) (TSE:SU) by 35.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 101,192 shares of the oil and gas producer’s stock after acquiring an additional 26,252 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Suncor Energy were worth $4,240,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. CWA Asset Management Group LLC lifted its stake in Suncor Energy by 64.9% in the 3rd quarter. CWA Asset Management Group LLC now owns 117,779 shares of the oil and gas producer’s stock valued at $4,924,000 after buying an additional 46,342 shares in the last quarter. Principal Financial Group Inc. increased its stake in Suncor Energy by 0.6% during the 3rd quarter. Principal Financial Group Inc. now owns 18,854,921 shares of the oil and gas producer’s stock worth $789,213,000 after buying an additional 106,765 shares in the last quarter. Picton Mahoney Asset Management raised its holdings in shares of Suncor Energy by 314.8% during the third quarter. Picton Mahoney Asset Management now owns 627,313 shares of the oil and gas producer’s stock valued at $26,246,000 after acquiring an additional 476,077 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Suncor Energy by 45.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 723,965 shares of the oil and gas producer’s stock valued at $29,871,000 after acquiring an additional 227,197 shares during the last quarter. Finally, SCP Investment LP purchased a new position in shares of Suncor Energy in the third quarter valued at approximately $1,915,000. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Suncor Energy Price Performance

SU stock opened at $63.74 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 0.89. The business has a 50 day simple moving average of $54.95 and a 200-day simple moving average of $46.85. The firm has a market capitalization of $75.84 billion, a PE ratio of 18.37 and a beta of 0.42. Suncor Energy Inc. has a 1 year low of $30.79 and a 1 year high of $64.63.

Suncor Energy (NYSE:SUGet Free Report) (TSE:SU) last announced its quarterly earnings data on Tuesday, February 3rd. The oil and gas producer reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. The firm had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $8.79 billion. Suncor Energy had a return on equity of 12.51% and a net margin of 11.99%.During the same quarter last year, the business posted $1.25 earnings per share. Equities research analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Wednesday, March 4th. Suncor Energy’s payout ratio is currently 50.72%.

Trending Headlines about Suncor Energy

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Wall Street Analysts Forecast Growth

SU has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised Suncor Energy from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $46.15 to $54.00 in a research note on Tuesday, January 20th. Royal Bank Of Canada raised their price objective on Suncor Energy from $69.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Wall Street Zen cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Sunday, December 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Suncor Energy in a report on Monday, December 29th. Finally, The Goldman Sachs Group increased their target price on shares of Suncor Energy from $55.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Suncor Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.67.

View Our Latest Analysis on SU

Suncor Energy Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Suncor Energy (NYSE:SU)

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