DORCHESTER WEALTH MANAGEMENT Co lowered its stake in Suncor Energy Inc. (NYSE:SU) by 1.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 381,141 shares of the company’s stock after selling 4,506 shares during the period. Suncor Energy accounts for about 3.9% of DORCHESTER WEALTH MANAGEMENT Co’s investment portfolio, making the stock its 4th largest position. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Suncor Energy were worth $10,583,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AMP Capital Investors Ltd raised its stake in Suncor Energy by 11.9% in the first quarter. AMP Capital Investors Ltd now owns 925,607 shares of the company’s stock valued at $25,511,000 after buying an additional 98,531 shares in the last quarter. Wellington Management Group LLP raised its stake in Suncor Energy by 8.2% in the first quarter. Wellington Management Group LLP now owns 37,396,442 shares of the company’s stock valued at $1,040,047,000 after buying an additional 2,824,033 shares in the last quarter. Simmons Bank bought a new stake in Suncor Energy during the first quarter valued at $260,000. Sentry Investments Corp. raised its stake in Suncor Energy by 2.4% in the first quarter. Sentry Investments Corp. now owns 34,520 shares of the company’s stock valued at $1,249,000 after buying an additional 800 shares in the last quarter. Finally, AXA raised its stake in Suncor Energy by 1.4% in the first quarter. AXA now owns 335,627 shares of the company’s stock valued at $9,385,000 after buying an additional 4,755 shares in the last quarter. Hedge funds and other institutional investors own 64.08% of the company’s stock.

Institutional Ownership by Quarter for Suncor Energy (NYSE:SU)

Suncor Energy Inc. (NYSE:SU) traded up 0.67% during midday trading on Monday, reaching $28.62. 2,496,515 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $27.20 and its 200-day moving average price is $27.41. The stock’s market cap is $47.64 billion. Suncor Energy Inc. has a one year low of $18.71 and a one year high of $30.70.

Suncor Energy (NYSE:SU) last issued its quarterly earnings results on Wednesday, July 27th. The company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.21) by $0.15. Suncor Energy had a negative net margin of 11.29% and a negative return on equity of 1.59%. During the same period in the prior year, the company earned $0.63 EPS. Equities analysts predict that Suncor Energy Inc. will post ($0.35) earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 26th. Stockholders of record on Tuesday, September 6th were issued a dividend of $0.2194 per share. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $0.88 annualized dividend and a dividend yield of 3.07%. Suncor Energy’s payout ratio is presently -60.54%.

A number of analysts have commented on SU shares. Scotiabank restated an “outperform” rating and set a $37.00 price target on shares of Suncor Energy in a research note on Saturday, June 25th. Zacks Investment Research upgraded shares of Suncor Energy from a “sell” rating to a “hold” rating in a research note on Friday, June 24th. Barclays PLC restated an “overweight” rating and set a $50.00 price target (up previously from $48.00) on shares of Suncor Energy in a research note on Monday, October 10th. TD Securities restated a “buy” rating and set a $41.00 price target on shares of Suncor Energy in a research note on Thursday, July 28th. Finally, RBC Capital Markets restated an “outperform” rating and set a $42.00 price target on shares of Suncor Energy in a research note on Sunday, October 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $39.16.

Suncor Energy Company Profile

Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.

5 Day Chart for NYSE:SU

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