Suncor Energy Inc. (SU) Shares Bought by Advisory Services Network LLC
Advisory Services Network LLC increased its position in shares of Suncor Energy Inc. (NYSE:SU) by 36.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,270 shares of the company’s stock after buying an additional 2,200 shares during the period. Advisory Services Network LLC’s holdings in Suncor Energy were worth $229,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in SU. Dividend Assets Capital LLC increased its position in shares of Suncor Energy by 0.9% in the second quarter. Dividend Assets Capital LLC now owns 2,040,069 shares of the company’s stock worth $56,571,000 after buying an additional 18,645 shares in the last quarter. Capital Fund Management S.A. increased its position in shares of Suncor Energy by 271.4% in the second quarter. Capital Fund Management S.A. now owns 490,499 shares of the company’s stock worth $13,602,000 after buying an additional 358,435 shares in the last quarter. Legal & General Group Plc increased its position in shares of Suncor Energy by 12.4% in the first quarter. Legal & General Group Plc now owns 7,290,645 shares of the company’s stock worth $203,856,000 after buying an additional 806,644 shares in the last quarter. AMP Capital Investors Ltd increased its position in shares of Suncor Energy by 11.9% in the first quarter. AMP Capital Investors Ltd now owns 925,607 shares of the company’s stock worth $25,511,000 after buying an additional 98,531 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. increased its position in shares of Suncor Energy by 3.3% in the second quarter. Candriam Luxembourg S.C.A. now owns 236,151 shares of the company’s stock worth $6,517,000 after buying an additional 7,529 shares in the last quarter. Institutional investors and hedge funds own 64.08% of the company’s stock.
Suncor Energy Inc. (NYSE:SU) traded down 0.61% during midday trading on Friday, hitting $27.76. 3,775,098 shares of the company traded hands. Suncor Energy Inc. has a 12-month low of $18.71 and a 12-month high of $30.70. The stock has a 50 day moving average price of $27.19 and a 200-day moving average price of $27.38. The company’s market cap is $46.21 billion.
Suncor Energy (NYSE:SU) last issued its quarterly 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 return on equity of 1.59% and a negative net margin of 11.29%. During the same quarter in the prior year, the firm earned $0.63 earnings per share. Analysts expect that Suncor Energy Inc. will post ($0.35) EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 26th. Shareholders of record on Tuesday, September 6th were given a $0.2194 dividend. This represents a $0.88 annualized dividend and a yield of 3.16%. The ex-dividend date was Thursday, September 1st. Suncor Energy’s dividend payout ratio (DPR) is presently -60.54%.
A number of equities analysts have recently issued reports on SU shares. Bank of America Corp. started coverage on shares of Suncor Energy in a report on Friday, August 19th. They issued a “buy” rating and a $33.00 price target for the company. Nomura reiterated a “buy” rating on shares of Suncor Energy in a report on Monday, September 26th. RBC Capital Markets reissued an “outperform” rating and issued a $42.00 price objective on shares of Suncor Energy in a research note on Sunday, October 2nd. Vetr raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating and set a $39.62 price objective on the stock in a research note on Thursday, June 23rd. Finally, Scotiabank reissued an “outperform” rating and issued a $37.00 price objective on shares of Suncor Energy in a research note on Saturday, June 25th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus 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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