Blair William & Co. IL Has $5.86 Million Stock Holdings in Suncor Energy Inc. (NYSE:SU)

Blair William & Co. IL trimmed its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 2.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 153,687 shares of the oil and gas producer’s stock after selling 4,612 shares during the quarter. Blair William & Co. IL’s holdings in Suncor Energy were worth $5,855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Johnson Financial Group Inc. acquired a new position in Suncor Energy in the fourth quarter valued at $25,000. Richardson Financial Services Inc. acquired a new position in shares of Suncor Energy in the 4th quarter valued at about $25,000. Trust Co. of Vermont bought a new stake in shares of Suncor Energy during the 2nd quarter valued at about $26,000. Summit Securities Group LLC bought a new stake in shares of Suncor Energy during the 2nd quarter valued at about $27,000. Finally, Ridgewood Investments LLC bought a new stake in Suncor Energy in the second quarter worth approximately $29,000. 67.37% of the stock is owned by institutional investors and hedge funds.

Suncor Energy Stock Down 1.4 %

Shares of NYSE:SU opened at $37.21 on Friday. The firm has a fifty day moving average price of $38.90 and a two-hundred day moving average price of $38.36. The company has a market cap of $47.69 billion, a price-to-earnings ratio of 8.29, a PEG ratio of 2.47 and a beta of 1.13. 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 one year low of $29.45 and a one year high of $41.94.

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 for the quarter, beating 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 business had revenue of $12.90 billion for the quarter, compared to the consensus estimate of $9.30 billion. During the same period last year, the firm posted $0.71 earnings per share. Suncor Energy’s quarterly revenue was up 10.1% on a year-over-year basis. Analysts anticipate that Suncor Energy Inc. will post 3.71 EPS for the current fiscal year.

Suncor Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th will be given a dividend of $0.395 per share. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $1.58 dividend on an annualized basis and a yield of 4.25%. Suncor Energy’s payout ratio is 35.86%.

Wall Street Analysts Forecast Growth

SU has been the topic of a number of research analyst reports. TD Securities upgraded Suncor Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. BMO Capital Markets upgraded shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 7th. Raymond James upgraded shares of Suncor Energy to a “hold” rating in a report on Tuesday, May 28th. Scotiabank cut their price objective on shares of Suncor Energy from $61.00 to $60.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. Finally, Wolfe Research began coverage on Suncor Energy in a research report on Thursday, July 18th. They issued an “outperform” rating and a $68.00 target price for the company. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Suncor Energy has a consensus rating of “Moderate Buy” and an average price target of $55.83.

Suncor Energy 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.