Suncor Energy Inc. $SU Shares Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY lessened its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 38.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,897 shares of the oil and gas producer’s stock after selling 36,101 shares during the period. Miller Howard Investments Inc. NY’s holdings in Suncor Energy were worth $3,862,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Valeo Financial Advisors LLC grew its holdings in shares of Suncor Energy by 1.6% during the 3rd quarter. Valeo Financial Advisors LLC now owns 10,239 shares of the oil and gas producer’s stock valued at $695,000 after purchasing an additional 166 shares during the last quarter. Formidable Asset Management LLC increased its position in Suncor Energy by 1.1% during the 1st quarter. Formidable Asset Management LLC now owns 16,004 shares of the oil and gas producer’s stock worth $1,058,000 after purchasing an additional 171 shares in the last quarter. Mitchell & Pahl Private Wealth LLC increased its position in Suncor Energy by 0.8% during the 1st quarter. Mitchell & Pahl Private Wealth LLC now owns 24,278 shares of the oil and gas producer’s stock worth $1,605,000 after purchasing an additional 190 shares in the last quarter. Sage Investment Counsel LLC increased its position in Suncor Energy by 2.4% during the 1st quarter. Sage Investment Counsel LLC now owns 8,600 shares of the oil and gas producer’s stock worth $569,000 after purchasing an additional 200 shares in the last quarter. Finally, HB Wealth Management LLC increased its position in Suncor Energy by 1.1% during the 2nd quarter. HB Wealth Management LLC now owns 18,316 shares of the oil and gas producer’s stock worth $983,000 after purchasing an additional 203 shares in the last quarter. Institutional investors own 67.37% of the company’s stock.

Analyst Upgrades and Downgrades

SU has been the subject of several research reports. Zacks Research raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Wall Street Zen raised shares of Suncor Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 17th. Desjardins raised shares of Suncor Energy to a “moderate buy” rating in a research note on Thursday, July 16th. Morgan Stanley set a $106.00 price target on shares of Suncor Energy in a report on Wednesday, August 19th. Finally, Weiss Ratings upgraded Suncor Energy from a “buy (b)” rating to a “buy (a-)” rating in a research note on Thursday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Suncor Energy presently has an average rating of “Buy” and an average target price of $79.62.

Suncor Energy Stock Up 0.2%

Suncor Energy stock opened at $79.50 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.08 and a current ratio of 1.65. Suncor Energy Inc. has a 52-week low of $38.72 and a 52-week high of $80.25. The firm has a 50 day moving average price of $69.97 and a two-hundred day moving average price of $62.47. The firm has a market cap of $92.99 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 0.27 and a beta of 0.36.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings data on Tuesday, August 4th. The oil and gas producer reported $2.33 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.19. Suncor Energy had a net margin of 15.62% and a return on equity of 20.05%. The company had revenue of $13.41 billion for the quarter, compared to analyst estimates of $11.68 billion. During the same period in the prior year, the firm posted $0.71 EPS. Equities analysts predict that Suncor Energy Inc. will post 8.76 EPS for the current year.

Suncor Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were paid a dividend of C$0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, September 4th. Suncor Energy’s dividend payout ratio (DPR) is currently 31.86%.

About Suncor Energy

Suncor Energy Inc is an integrated energy company headquartered in Calgary, Alberta, Canada. Its operations span the energy value chain, including the development, production, upgrading, refining, and marketing of crude oil and petroleum products.

The company is one of Canada’s major oil sands producers, with interests in mining and in situ oil sands projects. Suncor produces bitumen and synthetic crude oil and also has conventional oil and offshore production interests. Its upstream portfolio includes operated and non-operated assets in Canada.

Through its downstream operations, Suncor refines crude oil into gasoline, diesel, jet fuel, asphalt, and other petroleum products.