8,965 Shares in Suncor Energy Inc. $SU Acquired by Sentry Investment Management LLC

Sentry Investment Management LLC purchased a new position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 8,965 shares of the oil and gas producer’s stock, valued at approximately $348,000.

A number of other large investors also recently bought and sold shares of the stock. Ascent Group LLC raised its stake in Suncor Energy by 4.7% during the second quarter. Ascent Group LLC now owns 5,769 shares of the oil and gas producer’s stock worth $216,000 after purchasing an additional 260 shares during the period. IFP Advisors Inc raised its stake in Suncor Energy by 27.6% during the second quarter. IFP Advisors Inc now owns 1,428 shares of the oil and gas producer’s stock worth $53,000 after purchasing an additional 309 shares during the period. Winthrop Capital Management LLC raised its stake in Suncor Energy by 2.6% during the first quarter. Winthrop Capital Management LLC now owns 13,654 shares of the oil and gas producer’s stock worth $529,000 after purchasing an additional 352 shares during the period. Harbour Investments Inc. raised its stake in Suncor Energy by 67.0% during the first quarter. Harbour Investments Inc. now owns 1,169 shares of the oil and gas producer’s stock worth $45,000 after purchasing an additional 469 shares during the period. Finally, CW Advisors LLC raised its stake in Suncor Energy by 0.7% during the first quarter. CW Advisors LLC now owns 69,549 shares of the oil and gas producer’s stock worth $2,693,000 after purchasing an additional 475 shares during the period. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $65.00 price target on shares of Suncor Energy in a research note on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Suncor Energy in a research note on Wednesday, October 8th. Zacks Research downgraded shares of Suncor Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Finally, Wells Fargo & Company began coverage on shares of Suncor Energy in a research note on Friday. They issued an “equal weight” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $65.00.

Suncor Energy Stock Performance

Suncor Energy stock opened at $38.54 on Monday. Suncor Energy Inc. has a 12-month low of $30.79 and a 12-month high of $43.48. The company has a market capitalization of $46.60 billion, a price-to-earnings ratio of 11.86, a price-to-earnings-growth ratio of 3.05 and a beta of 0.78. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.26 and a quick ratio of 0.77. The firm’s fifty day moving average price is $40.70 and its 200 day moving average price is $38.27.

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

Suncor Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th were issued a dividend of $0.4135 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $1.65 annualized dividend and a yield of 4.3%. This is an increase from Suncor Energy’s previous quarterly dividend of $0.41. Suncor Energy’s dividend payout ratio (DPR) 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.