Suncor Energy Inc. $SU Shares Purchased by First Trust Advisors LP

First Trust Advisors LP boosted its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 9.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 260,952 shares of the oil and gas producer’s stock after purchasing an additional 22,076 shares during the quarter. First Trust Advisors LP’s holdings in Suncor Energy were worth $17,250,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SU. Intact Investment Management Inc. boosted its position in shares of Suncor Energy by 36.3% during the 4th quarter. Intact Investment Management Inc. now owns 1,695,160 shares of the oil and gas producer’s stock worth $75,236,000 after acquiring an additional 451,110 shares in the last quarter. Harvest Portfolios Group Inc. lifted its stake in Suncor Energy by 9.1% during the fourth quarter. Harvest Portfolios Group Inc. now owns 360,668 shares of the oil and gas producer’s stock worth $16,008,000 after purchasing an additional 30,210 shares during the last quarter. Vanguard Group Inc. lifted its stake in Suncor Energy by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 55,720,921 shares of the oil and gas producer’s stock worth $2,473,173,000 after purchasing an additional 1,166,405 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Suncor Energy by 3.4% during the first quarter. Dimensional Fund Advisors LP now owns 12,609,777 shares of the oil and gas producer’s stock worth $833,622,000 after purchasing an additional 411,243 shares during the last quarter. Finally, Pictet Asset Management Holding SA boosted its holdings in Suncor Energy by 3.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 431,007 shares of the oil and gas producer’s stock valued at $19,155,000 after purchasing an additional 15,332 shares in the last quarter. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SU has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Suncor Energy from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 12th. Desjardins upgraded shares of Suncor Energy to a “moderate buy” rating in a research report on Thursday, July 16th. Royal Bank Of Canada upped their target price on shares of Suncor Energy from $75.00 to $89.00 and gave the company an “outperform” rating in a report on Wednesday, April 1st. The Goldman Sachs Group downgraded shares of Suncor Energy from a “buy” rating to a “neutral” rating and set a $72.00 target price on the stock. in a research report on Friday, June 5th. Finally, ATB Cormark Capital Markets upgraded shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, April 1st. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $71.67.

Suncor Energy Stock Up 3.0%

Shares of NYSE SU opened at $65.84 on Thursday. The stock has a market cap of $77.74 billion, a PE ratio of 17.28, a price-to-earnings-growth ratio of 0.48 and a beta of 0.30. The company has a quick ratio of 0.92, a current ratio of 1.42 and a debt-to-equity ratio of 0.20. Suncor Energy Inc. has a 52-week low of $37.76 and a 52-week high of $70.29. The business has a 50-day moving average price of $60.64 and a 200 day moving average price of $59.89.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings results on Tuesday, May 5th. The oil and gas producer reported $1.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.04). The firm had revenue of $10.41 billion for the quarter, compared to analysts’ expectations of $9.22 billion. Suncor Energy had a return on equity of 13.96% and a net margin of 12.29%.During the same quarter in the prior year, the business earned $1.31 EPS. Equities research analysts forecast that Suncor Energy Inc. will post 7.11 earnings per share for the current year.

Suncor Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Thursday, June 4th. Suncor Energy’s dividend payout ratio is presently 45.67%.

Suncor Energy Profile

Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company’s operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.

Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.