Jones Financial Companies Lllp Buys 11,777 Shares of Suncor Energy Inc. $SU

Jones Financial Companies Lllp lifted its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 12.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 105,834 shares of the oil and gas producer’s stock after purchasing an additional 11,777 shares during the period. Jones Financial Companies Lllp’s holdings in Suncor Energy were worth $4,509,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Richardson Financial Services Inc. raised its position in Suncor Energy by 64.1% during the third quarter. Richardson Financial Services Inc. now owns 704 shares of the oil and gas producer’s stock worth $29,000 after acquiring an additional 275 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Suncor Energy during the 2nd quarter worth about $31,000. Hanson & Doremus Investment Management raised its holdings in shares of Suncor Energy by 143.5% in the 3rd quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 465 shares during the period. Atlantic Union Bankshares Corp bought a new stake in shares of Suncor Energy in the 2nd quarter valued at about $37,000. Finally, Corsicana & Co. acquired a new stake in Suncor Energy in the 3rd quarter valued at about $42,000. Institutional investors and hedge funds own 67.37% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on SU. JPMorgan Chase & Co. upgraded Suncor Energy from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $46.15 to $54.00 in a research note on Tuesday, January 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Suncor Energy in a report on Monday, December 29th. Wall Street Zen cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a research report on Sunday, December 28th. Royal Bank Of Canada increased their price objective on shares of Suncor Energy from $69.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Raymond James Financial upgraded shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a research note on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $61.00.

Suncor Energy Trading Up 1.3%

SU stock opened at $53.82 on Friday. Suncor Energy Inc. has a 52 week low of $30.79 and a 52 week high of $55.30. The company has a market capitalization of $64.24 billion, a PE ratio of 15.51 and a beta of 0.46. The company’s 50-day simple moving average is $46.89 and its 200 day simple moving average is $43.03. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.85 and a current ratio of 1.39.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings data on Tuesday, February 3rd. The oil and gas producer reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. Suncor Energy had a net margin of 11.99% and a return on equity of 12.51%. The firm had revenue of $8.77 billion during the quarter, compared to the consensus estimate of $8.79 billion. During the same quarter in the previous year, the firm posted $1.25 EPS. As a group, sell-side analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Wednesday, March 4th. Suncor Energy’s dividend payout ratio (DPR) is 49.57%.

Suncor Energy Company 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.