Aldebaran Capital LLC Reduces Stock Position in Suncor Energy Inc. $SU

Aldebaran Capital LLC decreased its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 10.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 103,481 shares of the oil and gas producer’s stock after selling 11,830 shares during the period. Suncor Energy comprises about 5.2% of Aldebaran Capital LLC’s holdings, making the stock its 6th largest position. Aldebaran Capital LLC’s holdings in Suncor Energy were worth $6,841,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of SU. AQR Capital Management LLC grew its stake in shares of Suncor Energy by 14.2% in the 1st quarter. AQR Capital Management LLC now owns 25,015 shares of the oil and gas producer’s stock worth $959,000 after acquiring an additional 3,115 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Suncor Energy by 172.5% during the first quarter. Geneos Wealth Management Inc. now owns 1,981 shares of the oil and gas producer’s stock valued at $77,000 after purchasing an additional 1,254 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Suncor Energy by 21.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,667 shares of the oil and gas producer’s stock valued at $100,000 after purchasing an additional 464 shares in the last quarter. AXA S.A. boosted its holdings in Suncor Energy by 17.2% during the second quarter. AXA S.A. now owns 50,278 shares of the oil and gas producer’s stock worth $1,883,000 after purchasing an additional 7,395 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in Suncor Energy by 6.4% during the second quarter. NewEdge Advisors LLC now owns 67,142 shares of the oil and gas producer’s stock worth $2,514,000 after purchasing an additional 4,043 shares during the last quarter. 67.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SU has been the subject of several analyst reports. Weiss Ratings lowered shares of Suncor Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 14th. Wall Street Zen raised Suncor Energy from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 12th. Desjardins raised Suncor Energy to a “moderate buy” rating in a research report on Thursday. Scotiabank upgraded Suncor Energy to a “strong-buy” rating in a report on Friday, June 26th. Finally, The Goldman Sachs Group cut Suncor Energy from a “buy” rating to a “neutral” rating and set a $72.00 price objective on the stock. in a research report on Friday, June 5th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Suncor Energy currently has a consensus rating of “Buy” and a consensus price target of $71.67.

Suncor Energy Stock Up 0.0%

SU opened at $62.45 on Monday. The company has a quick ratio of 0.92, a current ratio of 1.42 and a debt-to-equity ratio of 0.20. The stock has a market cap of $73.73 billion, a price-to-earnings ratio of 16.39 and a beta of 0.30. Suncor Energy Inc. has a twelve month low of $37.76 and a twelve month high of $70.29. The company’s 50-day moving average price is $61.11 and its two-hundred day moving average price is $58.78.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings results on Tuesday, May 5th. The oil and gas producer reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.45 by ($0.04). Suncor Energy had a return on equity of 13.96% and a net margin of 12.29%.The company had revenue of $10.41 billion for the quarter, compared to analysts’ expectations of $9.22 billion. During the same quarter in the previous year, the business earned $1.31 EPS. As a group, equities analysts expect that Suncor Energy Inc. will post 6.9 earnings per share for the current year.

Suncor Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th were paid a dividend of $0.60 per share. The ex-dividend date was Thursday, June 4th. This represents a $2.40 annualized dividend and a dividend yield of 3.8%. Suncor Energy’s dividend payout ratio is presently 45.67%.

About Suncor Energy

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.