Suncor Energy Inc. $SU Shares Bought by PDS Planning Inc

PDS Planning Inc raised its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 19.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,542 shares of the oil and gas producer’s stock after purchasing an additional 1,053 shares during the quarter. PDS Planning Inc’s holdings in Suncor Energy were worth $245,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of SU. Hanson & Doremus Investment Management lifted its holdings in Suncor Energy by 143.5% in the 1st quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer’s stock valued at $31,000 after acquiring an additional 465 shares during the last quarter. Salem Investment Counselors Inc. raised its holdings in shares of Suncor Energy by 97.6% in the 1st quarter. Salem Investment Counselors Inc. now owns 820 shares of the oil and gas producer’s stock worth $32,000 after purchasing an additional 405 shares in the last quarter. Maseco LLP acquired a new stake in Suncor Energy during the second quarter valued at approximately $32,000. N.E.W. Advisory Services LLC bought a new stake in Suncor Energy during the first quarter worth approximately $36,000. Finally, Wayfinding Financial LLC bought a new stake in Suncor Energy during the first quarter worth approximately $42,000. 67.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Royal Bank Of Canada reiterated an “outperform” rating and set a $65.00 price objective on shares of Suncor Energy in a research report on Friday, October 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Suncor Energy in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.00.

Suncor Energy Price Performance

SU opened at $39.53 on Monday. The firm has a market capitalization of $47.79 billion, a P/E ratio of 12.16, a PEG ratio of 3.20 and a beta of 0.78. The stock has a fifty day moving average of $40.70 and a 200-day moving average of $38.25. The company has a quick ratio of 0.77, a current ratio of 1.26 and a debt-to-equity ratio of 0.19. Suncor Energy Inc. has a 12-month low of $30.79 and a 12-month high of $43.48.

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 for the quarter, beating the consensus estimate of $0.50 by $0.01. The firm had revenue of $8.81 billion for the quarter, compared to analyst estimates of $11.56 billion. Suncor Energy had a return on equity of 13.21% and a net margin of 11.35%.During the same period in the previous year, the firm earned $1.27 earnings per share. Equities analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th were given a $0.4135 dividend. This represents a $1.65 dividend on an annualized basis and a dividend yield of 4.2%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Thursday, September 4th. Suncor Energy’s payout ratio is currently 50.77%.

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.