Ascent Group LLC Has $216,000 Position in Suncor Energy Inc. $SU

Ascent Group LLC increased its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 4.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,769 shares of the oil and gas producer’s stock after purchasing an additional 260 shares during the period. Ascent Group LLC’s holdings in Suncor Energy were worth $216,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SU. Principal Financial Group Inc. raised its holdings in shares of Suncor Energy by 65.0% in the 1st quarter. Principal Financial Group Inc. now owns 16,018,129 shares of the oil and gas producer’s stock worth $620,136,000 after buying an additional 6,311,513 shares in the last quarter. Mackenzie Financial Corp grew its position in Suncor Energy by 18.6% in the first quarter. Mackenzie Financial Corp now owns 15,377,546 shares of the oil and gas producer’s stock valued at $595,398,000 after acquiring an additional 2,410,857 shares during the period. Goldman Sachs Group Inc. raised its stake in Suncor Energy by 83.6% during the first quarter. Goldman Sachs Group Inc. now owns 12,426,008 shares of the oil and gas producer’s stock worth $481,135,000 after acquiring an additional 5,658,880 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Suncor Energy by 12,290.9% during the first quarter. Acadian Asset Management LLC now owns 12,418,784 shares of the oil and gas producer’s stock valued at $480,760,000 after acquiring an additional 12,318,559 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Suncor Energy by 2.6% during the first quarter. Dimensional Fund Advisors LP now owns 11,272,827 shares of the oil and gas producer’s stock valued at $436,459,000 after acquiring an additional 290,900 shares during the period. Institutional investors own 67.37% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SU shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $65.00 target price on shares of Suncor Energy in a report on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Suncor Energy in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Suncor Energy presently has an average rating of “Moderate Buy” and an average price target of $65.00.

Suncor Energy Stock Down 1.3%

NYSE SU opened at $40.84 on Thursday. The stock has a market capitalization of $49.38 billion, a P/E ratio of 12.57, a price-to-earnings-growth ratio of 3.35 and a beta of 0.78. Suncor Energy Inc. has a 52 week low of $30.79 and a 52 week high of $43.48. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.77 and a current ratio of 1.26. The stock has a fifty day moving average of $40.67 and a 200-day moving average of $38.23.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings results on Tuesday, August 5th. The oil and gas producer reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.01. The business had revenue of $8.81 billion for the quarter, compared to analysts’ expectations of $11.56 billion. Suncor Energy had a return on equity of 13.21% and a net margin of 11.35%.During the same quarter last year, the business earned $1.27 earnings per share. On average, equities research analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th were paid a $0.4135 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This is a boost from Suncor Energy’s previous quarterly dividend of $0.41. This represents a $1.65 dividend on an annualized basis and a yield of 4.0%. Suncor Energy’s payout ratio is 51.08%.

About Suncor Energy

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.