Private Trust Co. NA Purchases 2,530 Shares of Suncor Energy Inc. $SU

Private Trust Co. NA increased its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 150.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,210 shares of the oil and gas producer’s stock after buying an additional 2,530 shares during the quarter. Private Trust Co. NA’s holdings in Suncor Energy were worth $158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SU. Maseco LLP bought a new stake in Suncor Energy in the 2nd quarter worth approximately $32,000. N.E.W. Advisory Services LLC purchased a new position in Suncor Energy in the 1st quarter worth approximately $36,000. Wayfinding Financial LLC purchased a new position in Suncor Energy in the 1st quarter worth approximately $42,000. Harbour Investments Inc. increased its stake in Suncor Energy by 67.0% in the 1st 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, IFP Advisors Inc increased its stake in Suncor Energy by 27.6% in the 2nd 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. Institutional investors own 67.37% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on SU shares. Wells Fargo & Company started coverage on Suncor Energy in a research note on Friday, October 17th. They issued an “equal weight” rating on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued 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. Finally, Zacks Research cut Suncor Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $65.00.

Suncor Energy Price Performance

SU opened at $38.20 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.77 and a current ratio of 1.26. Suncor Energy Inc. has a 52-week low of $30.79 and a 52-week high of $43.48. The stock has a market capitalization of $46.18 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 3.03 and a beta of 0.78. The stock’s 50 day moving average price is $40.68 and its 200-day moving average price is $38.31.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its 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. Suncor Energy had a return on equity of 13.21% and a net margin of 11.35%.The firm had revenue of $8.81 billion for the quarter, compared to analysts’ expectations of $11.56 billion. During the same period in the previous year, the firm earned $1.27 earnings per share. On average, equities research analysts predict that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors 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 positive change from Suncor Energy’s previous quarterly dividend of $0.41. This represents a $1.65 annualized dividend and a yield of 4.3%. Suncor Energy’s payout ratio is currently 50.77%.

Suncor Energy Company Profile

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.