Suncor Energy Inc. $SU Shares Purchased by Westerkirk Capital Inc.

Westerkirk Capital Inc. boosted its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 13.9% in the 3rd quarter, Holdings Channel reports. The fund owned 85,210 shares of the oil and gas producer’s stock after buying an additional 10,400 shares during the period. Westerkirk Capital Inc.’s holdings in Suncor Energy were worth $3,563,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hillsdale Investment Management Inc. increased its holdings in shares of Suncor Energy by 31.4% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 260,422 shares of the oil and gas producer’s stock valued at $10,896,000 after purchasing an additional 62,302 shares in the last quarter. D Orazio & Associates Inc. grew its position in Suncor Energy by 3.9% during the third quarter. D Orazio & Associates Inc. now owns 7,299 shares of the oil and gas producer’s stock valued at $305,000 after buying an additional 275 shares during the period. Beverly Hills Private Wealth LLC grew its position in Suncor Energy by 3.8% during the third quarter. Beverly Hills Private Wealth LLC now owns 75,508 shares of the oil and gas producer’s stock valued at $3,157,000 after buying an additional 2,756 shares during the period. Burling Wealth Partners LLC increased its holdings in Suncor Energy by 15.9% in the third quarter. Burling Wealth Partners LLC now owns 49,327 shares of the oil and gas producer’s stock valued at $2,062,000 after buying an additional 6,757 shares in the last quarter. Finally, Synovus Financial Corp increased its holdings in Suncor Energy by 3.6% in the third quarter. Synovus Financial Corp now owns 97,841 shares of the oil and gas producer’s stock valued at $4,091,000 after buying an additional 3,373 shares in the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on SU. Wall Street Zen lowered shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Sunday, December 28th. Zacks Research downgraded Suncor Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Weiss Ratings restated a “buy (b)” rating on shares of Suncor Energy in a research report on Monday, December 29th. Royal Bank Of Canada upped their target price on Suncor Energy from $69.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Finally, Raymond James Financial raised shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a research note on Thursday, November 6th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.00.

Suncor Energy Price Performance

NYSE:SU opened at $55.73 on Friday. The stock has a 50 day moving average of $49.14 and a two-hundred day moving average of $44.18. Suncor Energy Inc. has a 12 month low of $30.79 and a 12 month high of $57.13. The firm has a market cap of $66.31 billion, a P/E ratio of 16.06 and a beta of 0.46. The company has a current ratio of 1.39, a quick ratio of 0.89 and a debt-to-equity ratio of 0.20.

Suncor Energy (NYSE:SU) (TSE:SU) last released its earnings results on Tuesday, February 3rd. The oil and gas producer reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.02. The business had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $8.79 billion. Suncor Energy had a return on equity of 12.51% and a net margin of 11.99%.During the same quarter last year, the business posted $1.25 earnings per share. On average, analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, March 4th. Suncor Energy’s payout ratio 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.