Mcintyre Freedman & Flynn Investment Advisers Inc. Has $3.31 Million Stock Position in Suncor Energy Inc. $SU

Mcintyre Freedman & Flynn Investment Advisers Inc. boosted its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 15.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 79,140 shares of the oil and gas producer’s stock after purchasing an additional 10,365 shares during the quarter. Suncor Energy comprises 2.0% of Mcintyre Freedman & Flynn Investment Advisers Inc.’s holdings, making the stock its 20th largest holding. Mcintyre Freedman & Flynn Investment Advisers Inc.’s holdings in Suncor Energy were worth $3,309,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SU. Richardson Financial Services Inc. grew its position in shares of Suncor Energy by 64.1% during the 3rd quarter. Richardson Financial Services Inc. now owns 704 shares of the oil and gas producer’s stock worth $29,000 after buying an additional 275 shares during the period. Headlands Technologies LLC bought a new stake in shares of Suncor Energy in the 2nd quarter valued at $31,000. Hanson & Doremus Investment Management lifted its position in shares of Suncor Energy by 143.5% during the 3rd quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer’s stock valued at $33,000 after acquiring an additional 465 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of Suncor Energy by 95.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 793 shares of the oil and gas producer’s stock valued at $33,000 after acquiring an additional 388 shares during the period. Finally, Corsicana & Co. bought a new position in Suncor Energy during the third quarter worth $42,000. 67.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. upgraded shares of Suncor Energy from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $46.15 to $54.00 in a report on Tuesday, January 20th. Zacks Research lowered shares of Suncor Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Wall Street Zen cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a research report on Sunday, December 28th. Weiss Ratings restated a “buy (b)” rating on shares of Suncor Energy in a research note on Monday, December 29th. Finally, Royal Bank Of Canada boosted their target price on Suncor Energy from $69.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Suncor Energy currently has a consensus rating of “Moderate Buy” and an average target price of $63.67.

Suncor Energy Stock Performance

NYSE SU opened at $59.66 on Friday. The company has a fifty day simple moving average of $53.28 and a 200 day simple moving average of $46.04. Suncor Energy Inc. has a 12-month low of $30.79 and a 12-month high of $60.13. The company has a current ratio of 1.39, a quick ratio of 0.89 and a debt-to-equity ratio of 0.20. The company has a market cap of $70.99 billion, a P/E ratio of 17.19 and a beta of 0.43.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings results on Tuesday, February 3rd. The oil and gas producer reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. Suncor Energy had a net margin of 11.99% and a return on equity of 12.51%. The business had revenue of $8.77 billion during the quarter, compared to analyst estimates of $8.79 billion. During the same quarter in the previous year, the business posted $1.25 EPS. Sell-side analysts predict that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $2.40 annualized dividend and a dividend yield of 4.0%. Suncor Energy’s payout ratio is presently 50.72%.

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.