Point View Wealth Management Inc. purchased a new stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,007 shares of the oil and gas producer’s stock, valued at approximately $246,000.

A number of other large investors also recently added to or reduced their stakes in SU. First Personal Financial Services boosted its stake in shares of Suncor Energy by 144.1% in the second quarter. First Personal Financial Services now owns 3,845 shares of the oil and gas producer’s stock worth $112,000 after acquiring an additional 2,270 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of Suncor Energy by 90.8% in the second quarter. Quadrant Capital Group LLC now owns 4,725 shares of the oil and gas producer’s stock worth $124,000 after acquiring an additional 2,248 shares during the period. UBS Asset Management Americas Inc. boosted its stake in shares of Suncor Energy by 13.7% in the second quarter. UBS Asset Management Americas Inc. now owns 4,658 shares of the oil and gas producer’s stock worth $136,000 after acquiring an additional 562 shares during the period. Forward Management LLC bought a new position in shares of Suncor Energy in the third quarter worth about $154,000. Finally, Bronfman E.L. Rothschild L.P. boosted its stake in shares of Suncor Energy by 50.6% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 6,362 shares of the oil and gas producer’s stock worth $186,000 after acquiring an additional 2,138 shares during the period. 63.75% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently weighed in on the company. Edward Jones raised Suncor Energy from a “hold” rating to a “buy” rating in a research note on Monday. Zacks Investment Research lowered Suncor Energy from a “buy” rating to a “hold” rating in a research note on Monday. TD Securities lowered Suncor Energy from a “buy” rating to a “hold” rating and set a $50.00 price objective for the company. in a research note on Thursday, November 16th. Canaccord Genuity reaffirmed a “buy” rating and issued a $51.00 price objective on shares of Suncor Energy in a research note on Thursday, October 26th. Finally, Wolfe Research raised Suncor Energy from a “market perform” rating to an “outperform” rating in a research note on Monday, October 16th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Suncor Energy currently has a consensus rating of “Buy” and an average price target of $44.19.

Shares of Suncor Energy Inc. (NYSE SU) traded up $0.32 during mid-day trading on Tuesday, reaching $35.26. The company’s stock had a trading volume of 1,494,159 shares, compared to its average volume of 3,257,561. Suncor Energy Inc. has a fifty-two week low of $27.96 and a fifty-two week high of $36.71. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.62 and a current ratio of 0.91. The stock has a market capitalization of $58,700.00, a P/E ratio of 30.52, a PEG ratio of 3.24 and a beta of 0.85.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings data on Wednesday, October 25th. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.15. Suncor Energy had a return on equity of 5.68% and a net margin of 11.63%. The business had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $6.80 billion. equities research analysts expect that Suncor Energy Inc. will post 1.29 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be given a dividend of $0.251 per share. The ex-dividend date of this dividend is Thursday, November 30th. This is an increase from Suncor Energy ‘s previous quarterly dividend of $0.19. This represents a $1.00 dividend on an annualized basis and a yield of 2.85%. Suncor Energy ‘s dividend payout ratio is 60.95%.

COPYRIGHT VIOLATION WARNING: This piece of content was published by Daily Political and is owned by of Daily Political. If you are viewing this piece of content on another domain, it was stolen and republished in violation of U.S. & international trademark and copyright legislation. The original version of this piece of content can be accessed at https://www.dailypolitical.com/2017/11/21/point-view-wealth-management-inc-invests-246000-in-suncor-energy-inc-su-stock.html.

Suncor Energy Company Profile

Suncor Energy Inc is a Canada-based 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.

Institutional Ownership by Quarter for Suncor Energy  (NYSE:SU)

Receive News & Ratings for Suncor Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.