Cantor Fitzgerald L. P. Acquires New Position in Suncor Energy Inc. $SU

Cantor Fitzgerald L. P. acquired a new position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the 3rd quarter, HoldingsChannel reports. The firm acquired 25,512 shares of the oil and gas producer’s stock, valued at approximately $1,067,000.

A number of other institutional investors also recently bought and sold shares of the company. Richardson Financial Services Inc. boosted its holdings in Suncor Energy by 64.1% in the 3rd quarter. Richardson Financial Services Inc. now owns 704 shares of the oil and gas producer’s stock valued at $29,000 after purchasing an additional 275 shares during the last quarter. Hanson & Doremus Investment Management increased its holdings 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 worth $33,000 after buying an additional 465 shares during the last quarter. Smartleaf Asset Management LLC raised 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 buying an additional 388 shares during the period. Headlands Technologies LLC acquired a new position in Suncor Energy in the second quarter valued at approximately $31,000. Finally, Corsicana & Co. acquired a new position in Suncor Energy in the third quarter valued at approximately $42,000. 67.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SU has been the subject of several recent analyst reports. The Goldman Sachs Group raised their target price on Suncor Energy from $55.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Wall Street Zen lowered Suncor Energy from a “buy” rating to a “hold” rating in a research note on Sunday, December 28th. Zacks Research cut Suncor Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Weiss Ratings reissued a “buy (b)” rating on shares of Suncor Energy in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. upgraded shares of Suncor Energy from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $46.15 to $54.00 in a report on Tuesday, January 20th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $63.67.

Suncor Energy Price Performance

SU opened at $61.97 on Thursday. The firm has a market cap of $73.74 billion, a price-to-earnings ratio of 17.86 and a beta of 0.43. 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 stock’s 50-day moving average price is $54.25 and its 200 day moving average price is $46.50. Suncor Energy Inc. has a 12-month low of $30.79 and a 12-month high of $63.96.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings results on Tuesday, February 3rd. The oil and gas producer reported $0.79 earnings per share (EPS) for the quarter, topping 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 company had revenue of $8.77 billion for the quarter, compared to analyst estimates of $8.79 billion. During the same period in the prior year, the firm earned $1.25 earnings per share. As a group, sell-side analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.9%. Suncor Energy’s dividend payout ratio is currently 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.