15,231 Shares in Suncor Energy Inc. $SU Purchased by Occidental Asset Management LLC

Occidental Asset Management LLC acquired a new stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,231 shares of the oil and gas producer’s stock, valued at approximately $818,000.

A number of other institutional investors also recently added to or reduced their stakes in SU. Intact Investment Management Inc. boosted its position in shares of Suncor Energy by 36.3% during the 4th quarter. Intact Investment Management Inc. now owns 1,695,160 shares of the oil and gas producer’s stock worth $75,236,000 after purchasing an additional 451,110 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Suncor Energy by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 55,720,921 shares of the oil and gas producer’s stock worth $2,473,173,000 after buying an additional 1,166,405 shares in the last quarter. Harvest Portfolios Group Inc. grew its position in Suncor Energy by 9.1% during the fourth quarter. Harvest Portfolios Group Inc. now owns 360,668 shares of the oil and gas producer’s stock worth $16,008,000 after buying an additional 30,210 shares during the period. Dimensional Fund Advisors LP grew its position in Suncor Energy by 3.4% during the first quarter. Dimensional Fund Advisors LP now owns 12,609,777 shares of the oil and gas producer’s stock worth $833,622,000 after buying an additional 411,243 shares during the period. Finally, Public Employees Retirement System of Ohio increased its holdings in Suncor Energy by 6.3% in the first quarter. Public Employees Retirement System of Ohio now owns 846,111 shares of the oil and gas producer’s stock valued at $55,802,000 after buying an additional 50,502 shares in the last quarter. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SU shares. The Goldman Sachs Group lowered Suncor Energy from a “buy” rating to a “neutral” rating and set a $72.00 price target on the stock. in a research note on Friday, June 5th. Zacks Research downgraded Suncor Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Scotiabank raised Suncor Energy to a “strong-buy” rating in a report on Friday, June 26th. Wall Street Zen downgraded Suncor Energy from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, Weiss Ratings raised Suncor Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $71.67.

Suncor Energy Stock Up 1.3%

Shares of NYSE SU opened at $66.69 on Tuesday. Suncor Energy Inc. has a 12-month low of $37.76 and a 12-month high of $70.29. The company has a market capitalization of $78.74 billion, a PE ratio of 12.28, a price-to-earnings-growth ratio of 0.49 and a beta of 0.29. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.65 and a quick ratio of 1.08. The firm’s 50-day moving average is $60.51 and its two-hundred day moving average is $61.25.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings data on Tuesday, August 4th. The oil and gas producer reported $2.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.19. Suncor Energy had a net margin of 15.62% and a return on equity of 20.05%. The business had revenue of $13.41 billion during the quarter, compared to analysts’ expectations of $11.68 billion. During the same period last year, the company posted $0.71 EPS. Equities analysts anticipate that Suncor Energy Inc. will post 7.13 EPS for the current fiscal year.

Suncor Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Friday, September 4th. Suncor Energy’s dividend payout ratio is 32.04%.

Suncor Energy Company 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.