Point View Wealth Management Inc. Invests $246,000 in Suncor Energy Inc. (SU) Stock
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%.
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.
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.