Farmers & Merchants Investments Inc. lessened its position in Suncor Energy Inc. (NYSE:SU – Free Report) (TSE:SU) by 4.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,915 shares of the oil and gas producer’s stock after selling 540 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Suncor Energy were worth $403,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of SU. Frank Rimerman Advisors LLC lifted its holdings in Suncor Energy by 3.0% in the third quarter. Frank Rimerman Advisors LLC now owns 35,554 shares of the oil and gas producer’s stock worth $1,313,000 after purchasing an additional 1,021 shares during the period. First Bank & Trust raised its position in shares of Suncor Energy by 6.3% during the 3rd quarter. First Bank & Trust now owns 9,199 shares of the oil and gas producer’s stock worth $340,000 after buying an additional 545 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Suncor Energy by 63.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 112,604 shares of the oil and gas producer’s stock worth $4,157,000 after acquiring an additional 43,869 shares during the period. Mediolanum International Funds Ltd boosted its holdings in shares of Suncor Energy by 22.5% in the third quarter. Mediolanum International Funds Ltd now owns 250,849 shares of the oil and gas producer’s stock valued at $9,245,000 after acquiring an additional 46,155 shares in the last quarter. Finally, X Square Capital LLC increased its stake in shares of Suncor Energy by 3.5% during the third quarter. X Square Capital LLC now owns 82,453 shares of the oil and gas producer’s stock valued at $3,044,000 after acquiring an additional 2,789 shares during the period. Institutional investors and hedge funds own 67.37% of the company’s stock.
Suncor Energy Stock Down 1.1 %
SU opened at $38.07 on Wednesday. The company has a market capitalization of $48.78 billion, a PE ratio of 8.48, a price-to-earnings-growth ratio of 2.76 and a beta of 1.12. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.46 and a quick ratio of 0.93. Suncor Energy Inc. has a fifty-two week low of $29.45 and a fifty-two week high of $41.94. The business has a 50-day moving average of $38.70 and a 200-day moving average of $38.74.
Suncor Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were paid a $0.395 dividend. This represents a $1.58 annualized dividend and a dividend yield of 4.15%. The ex-dividend date was Wednesday, September 4th. Suncor Energy’s payout ratio is presently 35.86%.
Analyst Ratings Changes
A number of research firms have weighed in on SU. TD Securities raised Suncor Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. StockNews.com lowered shares of Suncor Energy from a “buy” rating to a “hold” rating in a research report on Thursday, October 17th. BMO Capital Markets upgraded Suncor Energy from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 7th. Scotiabank decreased their target price on Suncor Energy from $61.00 to $60.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th. Finally, Wolfe Research began coverage on Suncor Energy in a research report on Thursday, July 18th. They set an “outperform” rating and a $68.00 target price on the stock. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Suncor Energy currently has a consensus rating of “Moderate Buy” and an average price target of $55.83.
View Our Latest Research Report on SU
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.
Featured Articles
- Five stocks we like better than Suncor Energy
- Are Penny Stocks a Good Fit for Your Portfolio?
- Is McDonald’s Stock a Smart Buy After Sell-Off and Earnings?
- What Are Trending Stocks? Trending Stocks Explained
- QuantumScape: Solid State EV Batteries Nearing Commercialization
- What is a support level?
- MicroStrategy: Is This Bitcoin-Powered Stock a Buy or a Gamble?
Want to see what other hedge funds are holding SU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Suncor Energy Inc. (NYSE:SU – Free Report) (TSE:SU).
Receive News & Ratings for Suncor Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy and related companies with MarketBeat.com's FREE daily email newsletter.