Suncor Energy Inc. (SU) Shares Sold by Pring Turner Capital Group Inc.
Pring Turner Capital Group Inc. lowered its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 4.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 85,475 shares of the oil and gas producer’s stock after selling 3,840 shares during the quarter. Suncor Energy makes up approximately 3.0% of Pring Turner Capital Group Inc.’s holdings, making the stock its 12th biggest holding. Pring Turner Capital Group Inc.’s holdings in Suncor Energy were worth $2,994,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. Capital International Investors acquired a new position in Suncor Energy during the 2nd quarter valued at about $106,342,000. Janus Henderson Group PLC acquired a new position in Suncor Energy during the 2nd quarter valued at about $99,291,000. Dodge & Cox lifted its position in Suncor Energy by 7.6% during the 2nd quarter. Dodge & Cox now owns 36,821,800 shares of the oil and gas producer’s stock valued at $1,075,197,000 after purchasing an additional 2,587,900 shares during the period. Check Capital Management Inc. CA lifted its position in Suncor Energy by 95.8% during the 3rd quarter. Check Capital Management Inc. CA now owns 4,094,299 shares of the oil and gas producer’s stock valued at $143,423,000 after purchasing an additional 2,002,773 shares during the period. Finally, Vanguard Group Inc. lifted its position in Suncor Energy by 4.9% during the 2nd quarter. Vanguard Group Inc. now owns 40,423,181 shares of the oil and gas producer’s stock valued at $1,180,357,000 after purchasing an additional 1,892,375 shares during the period. 65.61% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have issued reports on SU. Citigroup restated a “buy” rating on shares of Suncor Energy in a research report on Wednesday, August 2nd. Edward Jones upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Monday, November 20th. Zacks Investment Research downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating in a research report on Monday, November 20th. TD Securities downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating and set a $50.00 price target on the stock. in a research report on Thursday, November 16th. Finally, BidaskClub downgraded shares of Suncor Energy from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. One analyst has rated the stock with a sell rating, five have given 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 a consensus rating of “Buy” and a consensus price target of $43.14.
Shares of Suncor Energy Inc. (SU) traded down $0.10 during trading hours on Wednesday, hitting $34.70. 2,750,800 shares of the company were exchanged, compared to its average volume of 3,247,960. The firm has a market cap of $57,680.00, a P/E ratio of 30.47, a price-to-earnings-growth ratio of 3.25 and a beta of 0.85. The company has a quick ratio of 0.62, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. Suncor Energy Inc. has a 1-year low of $27.96 and a 1-year high of $36.71.
Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings results on Wednesday, October 25th. The oil and gas producer reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.15. The business had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $6.80 billion. Suncor Energy had a net margin of 11.63% and a return on equity of 5.68%. equities analysts anticipate that Suncor Energy Inc. will post 1.28 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be given a $0.251 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.89%. This is an increase from Suncor Energy’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, November 30th. Suncor Energy’s dividend payout ratio (DPR) is currently 60.95%.
Suncor Energy 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.
Want to see what other hedge funds are holding SU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Suncor Energy Inc. (NYSE:SU) (TSE: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.