Tyers Asset Management LLC lifted its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 19.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,650 shares of the oil and gas producer’s stock after buying an additional 2,068 shares during the period. Tyers Asset Management LLC’s holdings in Suncor Energy were worth $381,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in SU. Cornerstone Advisors Inc. boosted its position in shares of Suncor Energy by 121.7% during the first quarter. Cornerstone Advisors Inc. now owns 1,095 shares of the oil and gas producer’s stock valued at $36,000 after buying an additional 601 shares during the last quarter. Zions Bancorporation N.A. purchased a new stake in shares of Suncor Energy during the first quarter valued at $38,000. Trustcore Financial Services LLC purchased a new stake in shares of Suncor Energy during the first quarter valued at $39,000. Thomas J. Herzfeld Advisors Inc. boosted its position in shares of Suncor Energy by 39.9% during the first quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,468 shares of the oil and gas producer’s stock valued at $48,000 after buying an additional 419 shares during the last quarter. Finally, Resources Investment Advisors LLC. boosted its position in shares of Suncor Energy by 33.3% during the second quarter. Resources Investment Advisors LLC. now owns 1,600 shares of the oil and gas producer’s stock valued at $50,000 after buying an additional 400 shares during the last quarter. 65.34% of the stock is currently owned by institutional investors.
SU stock traded down $0.20 during trading on Friday, reaching $30.48. The stock had a trading volume of 81,133 shares, compared to its average volume of 3,129,008. Suncor Energy Inc. has a 52 week low of $25.81 and a 52 week high of $40.08. The stock’s 50 day moving average is $28.82 and its two-hundred day moving average is $31.45. The company has a current ratio of 0.98, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34. The firm has a market cap of $47.76 billion, a PE ratio of 15.25, a PEG ratio of 1.70 and a beta of 1.07.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th will be issued a $0.321 dividend. This is an increase from Suncor Energy’s previous quarterly dividend of $0.31. The ex-dividend date is Tuesday, September 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.21%. Suncor Energy’s dividend payout ratio is currently 63.00%.
SU has been the topic of several recent analyst reports. BMO Capital Markets reaffirmed a “buy” rating on shares of Suncor Energy in a research report on Monday, June 24th. Citigroup dropped their price objective on Suncor Energy from $59.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. Finally, ValuEngine raised Suncor Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, August 27th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $48.23.
Suncor Energy Company Profile
Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.
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