Suncor Energy Inc. (NYSE:SU) Shares Sold by AGF Management Ltd.

AGF Management Ltd. trimmed its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 9.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,519,115 shares of the oil and gas producer’s stock after selling 253,200 shares during the period. AGF Management Ltd. owned about 0.20% of Suncor Energy worth $95,978,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Sanders Capital LLC grew its stake in shares of Suncor Energy by 2.8% in the fourth quarter. Sanders Capital LLC now owns 57,318,037 shares of the oil and gas producer’s stock valued at $1,836,470,000 after buying an additional 1,568,629 shares in the last quarter. Vanguard Group Inc. grew its position in Suncor Energy by 1.4% in the first quarter. Vanguard Group Inc. now owns 51,226,454 shares of the oil and gas producer’s stock valued at $1,890,768,000 after acquiring an additional 691,497 shares in the last quarter. TD Asset Management Inc raised its stake in shares of Suncor Energy by 16.8% during the fourth quarter. TD Asset Management Inc now owns 32,070,496 shares of the oil and gas producer’s stock valued at $1,032,453,000 after purchasing an additional 4,612,764 shares during the period. 1832 Asset Management L.P. lifted its position in shares of Suncor Energy by 4.1% during the first quarter. 1832 Asset Management L.P. now owns 22,157,546 shares of the oil and gas producer’s stock worth $817,835,000 after purchasing an additional 868,475 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its stake in shares of Suncor Energy by 0.9% in the fourth quarter. Artisan Partners Limited Partnership now owns 20,530,994 shares of the oil and gas producer’s stock valued at $657,772,000 after purchasing an additional 182,289 shares during the period. 67.37% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on SU. The Goldman Sachs Group boosted their price objective on shares of Suncor Energy from $38.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. Wolfe Research initiated coverage on Suncor Energy in a research note on Thursday, July 18th. They set an “outperform” rating and a $68.00 price objective for the company. Raymond James raised Suncor Energy to a “hold” rating in a research report on Tuesday, May 28th. Finally, BMO Capital Markets raised shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $54.86.

Suncor Energy Price Performance

Shares of SU opened at $36.09 on Wednesday. Suncor Energy Inc. has a 52 week low of $29.45 and a 52 week high of $41.94. The company has a current ratio of 1.46, a quick ratio of 0.93 and a debt-to-equity ratio of 0.26. The firm has a market cap of $45.85 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 2.51 and a beta of 1.13. The stock has a 50 day moving average of $39.11 and a 200-day moving average of $38.24.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings data on Tuesday, August 6th. The oil and gas producer reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.51. Suncor Energy had a net margin of 14.40% and a return on equity of 16.22%. The firm had revenue of $12.90 billion during the quarter, compared to the consensus estimate of $9.30 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. The firm’s revenue was up 10.1% on a year-over-year basis. As a group, analysts forecast that Suncor Energy Inc. will post 3.71 EPS for the current year.

Suncor Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be issued a dividend of $0.395 per share. This represents a $1.58 annualized dividend and a dividend yield of 4.38%. The ex-dividend date is Wednesday, September 4th. Suncor Energy’s dividend payout ratio (DPR) is presently 35.19%.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.