7,664 Shares in Suncor Energy Inc. $SU Acquired by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC purchased a new position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,664 shares of the oil and gas producer’s stock, valued at approximately $411,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SU. State of Wyoming bought a new position in shares of Suncor Energy in the second quarter worth approximately $701,000. GSA Capital Partners LLP purchased a new position in shares of Suncor Energy in the second quarter worth $822,000. Bridgewater Advisors Inc. bought a new stake in Suncor Energy during the 2nd quarter valued at $361,000. Everett Harris & Co. CA bought a new stake in Suncor Energy during the 2nd quarter valued at $358,000. Finally, Summit Global Investments purchased a new stake in Suncor Energy during the 2nd quarter valued at $281,000. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Price Performance

Shares of Suncor Energy stock opened at $67.75 on Wednesday. The business has a 50 day moving average of $60.65 and a 200 day moving average of $61.35. Suncor Energy Inc. has a 52 week low of $37.76 and a 52 week high of $70.29. The company has a market cap of $79.99 billion, a PE ratio of 12.48, a P/E/G ratio of 0.49 and a beta of 0.29. The company has a quick ratio of 1.08, a current ratio of 1.65 and a debt-to-equity ratio of 0.19.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings results on Tuesday, August 4th. The oil and gas producer reported $2.33 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.19. The business had revenue of $13.41 billion for the quarter, compared to analysts’ expectations of $11.68 billion. Suncor Energy had a net margin of 15.62% and a return on equity of 20.05%. During the same quarter in the previous year, the business posted $0.71 earnings per share. As a group, equities research analysts forecast that Suncor Energy Inc. will post 7.39 earnings per share for the current year.

Suncor Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be issued a $0.60 dividend. The ex-dividend date is Friday, September 4th. This represents a $2.40 annualized dividend and a yield of 3.5%. Suncor Energy’s dividend payout ratio (DPR) is 32.04%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SU. Zacks Research lowered shares of Suncor Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Weiss Ratings raised shares of Suncor Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 29th. Desjardins upgraded shares of Suncor Energy to a “moderate buy” rating in a report on Thursday, July 16th. Scotiabank raised Suncor Energy to a “strong-buy” rating in a research note on Friday, June 26th. Finally, Wall Street Zen cut Suncor Energy from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.67.

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.