Private Advisor Group LLC Acquires 1,604 Shares of Suncor Energy Inc. (NYSE:SU)

Private Advisor Group LLC increased its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 5.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,566 shares of the oil and gas producer’s stock after purchasing an additional 1,604 shares during the quarter. Private Advisor Group LLC’s holdings in Suncor Energy were worth $1,239,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of Suncor Energy by 6.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 83,731 shares of the oil and gas producer’s stock worth $3,091,000 after purchasing an additional 5,082 shares during the period. Norden Group LLC bought a new position in Suncor Energy in the 1st quarter worth $399,000. First Trust Direct Indexing L.P. purchased a new stake in Suncor Energy in the 1st quarter worth $257,000. Ashton Thomas Private Wealth LLC raised its holdings in Suncor Energy by 4.7% during the first quarter. Ashton Thomas Private Wealth LLC now owns 48,338 shares of the oil and gas producer’s stock valued at $1,784,000 after acquiring an additional 2,158 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in shares of Suncor Energy by 2,358.4% in the first quarter. BNP Paribas Financial Markets now owns 17,209 shares of the oil and gas producer’s stock valued at $635,000 after acquiring an additional 16,509 shares in the last quarter. 67.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on SU shares. StockNews.com downgraded Suncor Energy from a “buy” rating to a “hold” rating in a research note on Thursday, October 17th. BMO Capital Markets upgraded shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 7th. Scotiabank dropped their target price on shares of Suncor Energy from $61.00 to $60.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. Wolfe Research started coverage on shares of Suncor Energy in a research note on Thursday, July 18th. They set an “outperform” rating and a $68.00 target price for the company. Finally, TD Securities upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Suncor Energy has a consensus rating of “Moderate Buy” and an average price target of $55.83.

Suncor Energy Price Performance

Suncor Energy stock opened at $37.77 on Friday. Suncor Energy Inc. has a 52-week low of $29.45 and a 52-week high of $41.94. The company has a quick ratio of 0.93, a current ratio of 1.46 and a debt-to-equity ratio of 0.26. The firm’s fifty day moving average is $38.60 and its 200 day moving average is $38.73. The company has a market cap of $48.40 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 2.76 and a beta of 1.12.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its earnings results on Tuesday, August 6th. The oil and gas producer reported $1.27 earnings per share (EPS) 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 analysts’ expectations of $9.30 billion. Suncor Energy had a net margin of 14.40% and a return on equity of 16.22%. The business’s revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.71 EPS. Sell-side analysts forecast that Suncor Energy Inc. will post 3.53 EPS for the current fiscal year.

Suncor Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were issued a $0.395 dividend. This represents a $1.58 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date was Wednesday, September 4th. Suncor Energy’s dividend payout ratio (DPR) is 35.86%.

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.