NWQ Investment Management Company LLC lessened its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 18.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,582,426 shares of the oil and gas producer’s stock after selling 351,730 shares during the quarter. NWQ Investment Management Company LLC owned about 0.10% of Suncor Energy worth $55,432,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of SU. Spark Investment Management LLC bought a new stake in Suncor Energy in the second quarter valued at about $1,549,000. Sei Investments Co. increased its holdings in Suncor Energy by 46.8% in the second quarter. Sei Investments Co. now owns 50,985 shares of the oil and gas producer’s stock valued at $1,489,000 after purchasing an additional 16,251 shares during the last quarter. Cigna Investments Inc. New bought a new stake in Suncor Energy in the second quarter valued at about $731,000. Trexquant Investment LP bought a new stake in Suncor Energy in the second quarter valued at about $1,294,000. Finally, Canada Pension Plan Investment Board increased its holdings in Suncor Energy by 101.1% in the second quarter. Canada Pension Plan Investment Board now owns 224,455 shares of the oil and gas producer’s stock valued at $6,549,000 after purchasing an additional 112,855 shares during the last quarter. 65.61% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently commented on the company. BidaskClub downgraded Suncor Energy from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Canaccord Genuity restated a “buy” rating and issued a $51.00 price target on shares of Suncor Energy in a report on Monday, October 16th. Edward Jones upgraded Suncor Energy from a “hold” rating to a “buy” rating in a report on Monday, November 20th. Zacks Investment Research downgraded Suncor Energy from a “buy” rating to a “hold” rating in a report on Monday, November 20th. Finally, TD Securities downgraded Suncor Energy from a “buy” rating to a “hold” rating and set a $50.00 price target for the company. in a report on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Suncor Energy presently has an average rating of “Buy” and a consensus price target of $43.14.
Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings results on Wednesday, October 25th. The oil and gas producer reported $0.41 EPS for the quarter, beating the consensus estimate of $0.26 by $0.15. Suncor Energy had a return on equity of 5.68% and a net margin of 11.63%. The firm had revenue of $6.40 billion during the quarter, compared to analysts’ expectations of $6.80 billion. sell-side analysts forecast that Suncor Energy Inc. will post 1.26 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be given a dividend of $0.251 per share. The ex-dividend date of this dividend is Thursday, November 30th. This is a boost from Suncor Energy’s previous quarterly dividend of $0.19. This represents a $1.00 annualized dividend and a yield of 2.90%. Suncor Energy’s dividend payout ratio is 60.84%.
Suncor Energy Company Profile
Suncor Energy Inc is a Canada-based integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.
What are top analysts saying about Suncor Energy Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Suncor Energy Inc. and related companies.