Suncor Energy Inc. (NYSE:SU) Shares Bought by Kathmere Capital Management LLC

Kathmere Capital Management LLC boosted its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 25.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,821 shares of the oil and gas producer’s stock after acquiring an additional 1,600 shares during the quarter. Kathmere Capital Management LLC’s holdings in Suncor Energy were worth $298,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Trust Co. of Vermont acquired a new stake in Suncor Energy during the second quarter worth $26,000. Summit Securities Group LLC acquired a new stake in Suncor Energy during the second quarter worth $27,000. Richardson Financial Services Inc. increased its stake in Suncor Energy by 82.8% during the second quarter. Richardson Financial Services Inc. now owns 724 shares of the oil and gas producer’s stock worth $28,000 after acquiring an additional 328 shares during the last quarter. Ridgewood Investments LLC acquired a new stake in Suncor Energy during the second quarter worth $29,000. Finally, Adirondack Trust Co. increased its stake in Suncor Energy by 45.6% during the fourth quarter. Adirondack Trust Co. now owns 1,000 shares of the oil and gas producer’s stock worth $34,000 after acquiring an additional 313 shares during the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SU shares. Scotiabank dropped their price objective on Suncor Energy from $61.00 to $60.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a research note on Saturday. TD Securities raised Suncor Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. BMO Capital Markets raised Suncor Energy from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 7th. Finally, Wolfe Research started coverage on Suncor Energy in a research note on Thursday, July 18th. They issued an “outperform” rating and a $68.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $55.83.

Suncor Energy Trading Up 0.8 %

NYSE:SU opened at $36.80 on Friday. The firm has a market cap of $46.75 billion, a PE ratio of 8.20, a price-to-earnings-growth ratio of 2.57 and a beta of 1.13. The stock has a fifty day moving average price of $38.76 and a 200 day moving average price of $38.45. Suncor Energy Inc. has a 12-month low of $29.45 and a 12-month high of $41.94. The company has a current ratio of 1.46, a quick ratio of 0.93 and a debt-to-equity ratio of 0.26.

Suncor Energy (NYSE:SU) (TSE:SU) last released its earnings results on Tuesday, August 6th. The oil and gas producer reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.51. The firm had revenue of $12.90 billion during the quarter, compared to analyst estimates of $9.30 billion. Suncor Energy had a return on equity of 16.22% and a net margin of 14.40%. Suncor Energy’s revenue was up 10.1% compared to the same quarter last year. During the same period last year, the business posted $0.71 earnings per share. Sell-side analysts anticipate that Suncor Energy Inc. will post 3.71 earnings per share for the current fiscal year.

Suncor Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were issued a dividend of $0.395 per share. This represents a $1.58 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date was Wednesday, September 4th. Suncor Energy’s dividend payout ratio (DPR) is 36.08%.

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.