Cambridge Investment Research Advisors Inc. grew its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 11.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,874 shares of the oil and gas producer’s stock after purchasing an additional 3,299 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Suncor Energy were worth $1,233,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Arcadia Investment Management Corp MI lifted its stake in shares of Suncor Energy by 1.2% in the second quarter. Arcadia Investment Management Corp MI now owns 113,790 shares of the oil and gas producer’s stock worth $4,629,000 after acquiring an additional 1,331 shares in the last quarter. Synovus Financial Corp lifted its stake in shares of Suncor Energy by 10.1% in the second quarter. Synovus Financial Corp now owns 16,080 shares of the oil and gas producer’s stock worth $654,000 after acquiring an additional 1,471 shares in the last quarter. Creative Planning lifted its stake in shares of Suncor Energy by 8.2% in the second quarter. Creative Planning now owns 20,398 shares of the oil and gas producer’s stock worth $830,000 after acquiring an additional 1,546 shares in the last quarter. Burleson & Company LLC lifted its stake in shares of Suncor Energy by 14.6% in the second quarter. Burleson & Company LLC now owns 13,744 shares of the oil and gas producer’s stock worth $559,000 after acquiring an additional 1,747 shares in the last quarter. Finally, Captrust Financial Advisors lifted its stake in shares of Suncor Energy by 40.1% in the second quarter. Captrust Financial Advisors now owns 6,197 shares of the oil and gas producer’s stock worth $252,000 after acquiring an additional 1,774 shares in the last quarter. Institutional investors own 65.32% of the company’s stock.

Several research firms recently commented on SU. JPMorgan Chase & Co. cut Suncor Energy from an “overweight” rating to a “neutral” rating in a research note on Tuesday, September 11th. Zacks Investment Research upgraded Suncor Energy from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Monday, October 8th. CIBC began coverage on Suncor Energy in a report on Friday, October 5th. They issued a “sector outperform” rating for the company. Raymond James reissued a “buy” rating on shares of Suncor Energy in a report on Friday, November 2nd. Finally, ValuEngine lowered Suncor Energy from a “buy” rating to a “hold” rating in a report on Tuesday, September 11th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $51.67.

Shares of Suncor Energy stock opened at $33.60 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.93 and a quick ratio of 0.59. The stock has a market capitalization of $53.04 billion, a P/E ratio of 22.25, a PEG ratio of 1.39 and a beta of 0.98. Suncor Energy Inc. has a fifty-two week low of $31.33 and a fifty-two week high of $42.55.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings data on Wednesday, October 31st. The oil and gas producer reported $0.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.25. The firm had revenue of $8.31 billion during the quarter, compared to analyst estimates of $9.29 billion. Suncor Energy had a return on equity of 11.11% and a net margin of 12.66%. During the same period in the previous year, the company earned $0.52 earnings per share. Equities research analysts anticipate that Suncor Energy Inc. will post 2.6 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 24th. Investors of record on Monday, December 3rd will be issued a $0.2725 dividend. This represents a $1.09 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend is Friday, November 30th. Suncor Energy’s dividend payout ratio is currently 72.85%.

ILLEGAL ACTIVITY WARNING: “Cambridge Investment Research Advisors Inc. Buys 3,299 Shares of Suncor Energy Inc. (SU)” was originally published by Daily Political and is the sole property of of Daily Political. If you are reading this article on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The legal version of this article can be read at https://www.dailypolitical.com/2018/11/22/cambridge-investment-research-advisors-inc-buys-3299-shares-of-suncor-energy-inc-su.html.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.

Featured Article: Conference Calls

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

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