Suncor Energy Inc. (NYSE:SU) Shares Sold by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. lessened its position in Suncor Energy Inc. (NYSE:SU) (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 (NYSE:SU) (TSE:SU) last issued its quarterly earnings data on Tuesday, August 6th. The oil and gas producer reported $1.27 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.51. The firm had revenue of $12.90 billion for the quarter, compared to analyst estimates of $9.30 billion. Suncor Energy had a net margin of 14.40% and a return on equity of 16.22%. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 earnings per share. Equities research analysts forecast that Suncor Energy Inc. will post 3.53 EPS for the current fiscal year.

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.

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.