Suncor Energy Inc. $SU Shares Acquired by Great Lakes Advisors LLC

Great Lakes Advisors LLC increased its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 1.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 694,142 shares of the oil and gas producer’s stock after purchasing an additional 11,015 shares during the period. Great Lakes Advisors LLC’s holdings in Suncor Energy were worth $29,022,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Suncor Energy by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 54,631,516 shares of the oil and gas producer’s stock worth $2,046,442,000 after buying an additional 1,632,247 shares in the last quarter. Artisan Partners Limited Partnership lifted its holdings in Suncor Energy by 38.5% in the second quarter. Artisan Partners Limited Partnership now owns 33,722,975 shares of the oil and gas producer’s stock valued at $1,264,043,000 after acquiring an additional 9,378,552 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Suncor Energy by 3.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,911,602 shares of the oil and gas producer’s stock worth $779,788,000 after purchasing an additional 641,354 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Suncor Energy by 29.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 10,555,381 shares of the oil and gas producer’s stock valued at $395,649,000 after purchasing an additional 2,406,000 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Suncor Energy by 18.5% in the second quarter. Geode Capital Management LLC now owns 10,147,653 shares of the oil and gas producer’s stock valued at $387,538,000 after purchasing an additional 1,586,520 shares during the period. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Analyst Ratings Changes

SU has been the subject of a number of research reports. Wells Fargo & Company initiated coverage on shares of Suncor Energy in a research report on Friday, October 17th. They set an “equal weight” rating for the company. Raymond James Financial upgraded Suncor Energy from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Suncor Energy in a research report on Monday, December 29th. JPMorgan Chase & Co. upgraded shares of Suncor Energy from a “neutral” rating to an “overweight” rating and raised their target price for the company from $46.15 to $54.00 in a report on Tuesday, January 20th. Finally, The Goldman Sachs Group upped their price target on shares of Suncor Energy from $48.00 to $54.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $57.67.

Suncor Energy Trading Up 1.9%

Shares of SU stock opened at $53.00 on Thursday. The company has a market capitalization of $63.25 billion, a price-to-earnings ratio of 17.38 and a beta of 0.46. The company has a current ratio of 1.35, a quick ratio of 0.85 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $45.67 and a 200 day moving average price of $42.37. Suncor Energy Inc. has a twelve month low of $30.79 and a twelve month high of $53.19.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings data on Tuesday, November 4th. The oil and gas producer reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.22. Suncor Energy had a net margin of 10.61% and a return on equity of 13.01%. The business had revenue of $9.04 billion during the quarter, compared to analyst estimates of $8.82 billion. During the same quarter in the previous year, the business posted $1.48 earnings per share. Research analysts forecast that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 3rd were issued a $0.60 dividend. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.41. The ex-dividend date was Wednesday, December 3rd. This represents a $2.40 annualized dividend and a yield of 4.5%. Suncor Energy’s dividend payout ratio (DPR) is presently 56.39%.

Suncor Energy Profile

Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company’s operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.

Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.