Suncor Energy Inc. $SU Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd decreased its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 54.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,582 shares of the oil and gas producer’s stock after selling 25,934 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Suncor Energy were worth $902,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Richardson Financial Services Inc. lifted its holdings in shares of Suncor Energy by 64.1% in the 3rd quarter. Richardson Financial Services Inc. now owns 704 shares of the oil and gas producer’s stock valued at $29,000 after purchasing an additional 275 shares during the last quarter. Headlands Technologies LLC acquired a new position in Suncor Energy during the second quarter worth approximately $31,000. Hanson & Doremus Investment Management increased its position in Suncor Energy by 143.5% during the third quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer’s stock worth $33,000 after buying an additional 465 shares during the period. Smartleaf Asset Management LLC lifted its stake in Suncor Energy by 95.8% in the third quarter. Smartleaf Asset Management LLC now owns 793 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 388 shares during the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new stake in Suncor Energy in the second quarter valued at approximately $37,000. Institutional investors and hedge funds own 67.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SU shares. Royal Bank Of Canada increased their price objective on Suncor Energy from $69.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Wall Street Zen downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating in a research report on Sunday, December 28th. JPMorgan Chase & Co. upgraded shares of Suncor Energy from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $46.15 to $54.00 in a research note on Tuesday, January 20th. The Goldman Sachs Group raised their price objective on shares of Suncor Energy from $48.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Finally, Zacks Research lowered shares of Suncor Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $61.00.

Suncor Energy Trading Up 1.1%

Shares of SU stock opened at $57.48 on Tuesday. The company has a market capitalization of $68.39 billion, a P/E ratio of 16.56 and a beta of 0.42. The company has a current ratio of 1.39, a quick ratio of 0.89 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $52.16 and its two-hundred day moving average is $45.60. Suncor Energy Inc. has a twelve month low of $30.79 and a twelve month high of $58.63.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings results on Tuesday, February 3rd. The oil and gas producer reported $0.79 EPS for the quarter, topping the consensus estimate of $0.77 by $0.02. Suncor Energy had a return on equity of 12.51% and a net margin of 11.99%.The business had revenue of $8.77 billion during the quarter, compared to analysts’ expectations of $8.79 billion. During the same quarter in the prior year, the business earned $1.25 earnings per share. Equities analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th will be given a dividend of $0.60 per share. The ex-dividend date is Wednesday, March 4th. This represents a $2.40 dividend on an annualized basis and a yield of 4.2%. Suncor Energy’s dividend payout ratio is presently 50.72%.

About Suncor Energy

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.