28,232 Shares in Suncor Energy Inc. $SU Bought by Caprock Group LLC

Caprock Group LLC bought a new position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,232 shares of the oil and gas producer’s stock, valued at approximately $1,166,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Richardson Financial Services Inc. raised its stake in shares of Suncor Energy by 64.1% during the third quarter. Richardson Financial Services Inc. now owns 704 shares of the oil and gas producer’s stock worth $29,000 after purchasing an additional 275 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Suncor Energy in the 2nd quarter worth $31,000. Hanson & Doremus Investment Management boosted its holdings in shares of Suncor Energy by 143.5% in the third quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer’s stock valued at $33,000 after acquiring an additional 465 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Suncor Energy by 95.8% during the third quarter. Smartleaf Asset Management LLC now owns 793 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 388 shares in the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new stake in Suncor Energy in the 2nd quarter valued at approximately $37,000. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Suncor Energy Trading Up 1.6%

Shares of SU opened at $55.96 on Friday. Suncor Energy Inc. has a fifty-two week low of $30.79 and a fifty-two week high of $56.46. The company has a market capitalization of $66.59 billion, a PE ratio of 16.13 and a beta of 0.46. The stock has a fifty day moving average of $47.96 and a two-hundred day moving average of $43.59. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.89 and a current ratio of 1.39.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings data on Tuesday, February 3rd. The oil and gas producer reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. Suncor Energy had a return on equity of 12.51% and a net margin of 11.99%.The business had revenue of $8.77 billion during the quarter, compared to the consensus estimate of $8.79 billion. During the same quarter in the previous year, the business earned $1.25 earnings per share. As a group, analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th will be given a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $2.40 annualized dividend and a dividend yield of 4.3%. Suncor Energy’s dividend payout ratio (DPR) is currently 49.57%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SU. The Goldman Sachs Group raised their price target on Suncor Energy from $48.00 to $54.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Wall Street Zen downgraded Suncor Energy from a “buy” rating to a “hold” rating in a report on Sunday, December 28th. Zacks Research downgraded shares of Suncor Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Weiss Ratings reissued a “buy (b)” rating on shares of Suncor Energy in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. raised shares of Suncor Energy from a “neutral” rating to an “overweight” rating and increased their target price for the company from $46.15 to $54.00 in a report on Tuesday, January 20th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Suncor Energy presently has a consensus rating of “Moderate Buy” and an average price target of $61.00.

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.