Suncor Energy Inc. (SU) Shares Sold by Lucas Capital Management
Lucas Capital Management decreased its stake in Suncor Energy Inc. (NYSE:SU) by 5.5% during the second quarter, Holdings Channel reports. The fund owned 17,217 shares of the company’s stock after selling 1,000 shares during the period. Lucas Capital Management’s holdings in Suncor Energy were worth $477,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the company. IFP Advisors Inc raised its stake in shares of Suncor Energy by 29.2% in the first quarter. IFP Advisors Inc now owns 6,470 shares of the company’s stock valued at $180,000 after buying an additional 1,462 shares during the last quarter. Ngam Advisors L.P. increased its position in Suncor Energy by 35.1% in the first quarter. Ngam Advisors L.P. now owns 77,258 shares of the company’s stock valued at $2,149,000 after buying an additional 20,068 shares during the period. Rehmann Capital Advisory Group purchased a new position in Suncor Energy during the first quarter valued at about $221,000. Botty Investors LLC purchased a new position in Suncor Energy during the first quarter valued at about $358,000. Finally, Nikko Asset Management Americas Inc. increased its position in Suncor Energy by 93.6% in the first quarter. Nikko Asset Management Americas Inc. now owns 18,200 shares of the company’s stock valued at $649,000 after buying an additional 8,800 shares during the period. Institutional investors own 64.08% of the company’s stock.
Shares of Suncor Energy Inc. (NYSE:SU) traded up 0.98% during mid-day trading on Wednesday, hitting $27.84. The stock had a trading volume of 2,958,539 shares. Suncor Energy Inc. has a one year low of $18.71 and a one year high of $30.70. The company has a 50-day moving average of $27.24 and a 200 day moving average of $27.37. The firm’s market cap is $46.34 billion.
Suncor Energy (NYSE:SU) last announced its earnings results on Wednesday, July 27th. The company reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.21) by $0.15. Suncor Energy had a negative net margin of 11.29% and a negative return on equity of 1.59%. During the same period in the previous year, the company earned $0.63 EPS. On average, equities research analysts forecast that Suncor Energy Inc. will post ($0.34) earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 26th. Stockholders of record on Tuesday, September 6th were issued a dividend of $0.2194 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.15%. The ex-dividend date was Thursday, September 1st. Suncor Energy’s dividend payout ratio is -60.54%.
Several research firms have recently issued reports on SU. RBC Capital Markets reaffirmed an “outperform” rating and set a $42.00 price target on shares of Suncor Energy in a research note on Sunday. Nomura reaffirmed a “buy” rating on shares of Suncor Energy in a research note on Monday, September 26th. Bank of America Corp. began coverage on Suncor Energy in a research note on Friday, August 19th. They set a “buy” rating and a $33.00 price target for the company. Zacks Investment Research downgraded Suncor Energy from a “buy” rating to a “hold” rating in a research note on Monday, August 8th. Finally, Scotiabank reaffirmed an “outperform” rating and set a $38.00 price target on shares of Suncor Energy in a research note on Sunday, July 31st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Suncor Energy currently has an average rating of “Buy” and an average price target of $38.44.
About Suncor Energy
Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.
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