Commonwealth Equity Services LLC Has $2.92 Million Stock Holdings in Suncor Energy Inc. (NYSE:SU)

Commonwealth Equity Services LLC increased its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 133.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,651 shares of the oil and gas producer’s stock after buying an additional 43,779 shares during the period. Commonwealth Equity Services LLC’s holdings in Suncor Energy were worth $2,920,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. First Horizon Advisors Inc. boosted its stake in Suncor Energy by 6.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 4,879 shares of the oil and gas producer’s stock valued at $186,000 after purchasing an additional 281 shares during the last quarter. Adirondack Trust Co. boosted its stake in Suncor Energy by 45.6% during the 4th quarter. Adirondack Trust Co. now owns 1,000 shares of the oil and gas producer’s stock valued at $34,000 after purchasing an additional 313 shares during the last quarter. Independence Bank of Kentucky boosted its stake in Suncor Energy by 6.7% during the 1st quarter. Independence Bank of Kentucky now owns 5,050 shares of the oil and gas producer’s stock valued at $186,000 after purchasing an additional 315 shares during the last quarter. Blue Trust Inc. boosted its stake in Suncor Energy by 11.0% during the 2nd quarter. Blue Trust Inc. now owns 3,278 shares of the oil and gas producer’s stock valued at $121,000 after purchasing an additional 325 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Suncor Energy by 16.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,730 shares of the oil and gas producer’s stock worth $104,000 after buying an additional 377 shares in the last quarter. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Suncor Energy Trading Down 0.1 %

NYSE:SU opened at $36.06 on Thursday. 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 stock has a market capitalization of $45.81 billion, a PE ratio of 8.03, a price-to-earnings-growth ratio of 2.51 and a beta of 1.13. The firm’s 50 day moving average is $39.05 and its 200 day moving average is $38.22. Suncor Energy Inc. has a 12 month low of $29.45 and a 12 month high of $41.94.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings results 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 company had revenue of $12.90 billion for the quarter, compared to analysts’ expectations of $9.30 billion. During the same quarter in the previous year, the firm posted $0.71 EPS. Suncor Energy’s revenue was up 10.1% on a year-over-year basis. Sell-side analysts expect that Suncor Energy Inc. will post 3.71 earnings per share for the current year.

Suncor Energy Dividend Announcement

The firm 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 dividend of $0.395 per share. The ex-dividend date is Wednesday, September 4th. This represents a $1.58 dividend on an annualized basis and a yield of 4.38%. Suncor Energy’s payout ratio is 35.19%.

Wall Street Analyst Weigh In

Several research firms have commented on SU. Raymond James raised shares of Suncor Energy to a “hold” rating in a research report on Tuesday, May 28th. 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. TD Securities raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. Wolfe Research began coverage on shares of Suncor Energy in a research report on Thursday, July 18th. They set an “outperform” rating and a $68.00 target price on the stock. Finally, StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Suncor Energy has a consensus rating of “Moderate Buy” and a consensus price target of $54.86.

About Suncor Energy

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.