JPMorgan Chase & Co. Has $74.51 Million Stake in Suncor Energy Inc. (SU)

JPMorgan Chase & Co. grew its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 1.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,551,801 shares of the oil and gas producer’s stock after purchasing an additional 43,346 shares during the period. JPMorgan Chase & Co. owned approximately 0.15% of Suncor Energy worth $74,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. OLD Mutual Customised Solutions Proprietary Ltd. grew its position in shares of Suncor Energy by 7.1% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 70,599 shares of the oil and gas producer’s stock valued at $2,161,000 after purchasing an additional 4,699 shares in the last quarter. BlackRock Inc. grew its position in shares of Suncor Energy by 11,547,276.0% in the first quarter. BlackRock Inc. now owns 23,556,647 shares of the oil and gas producer’s stock valued at $724,366,000 after purchasing an additional 23,556,443 shares in the last quarter. Gateway Investment Advisers LLC grew its position in shares of Suncor Energy by 0.7% in the second quarter. Gateway Investment Advisers LLC now owns 17,676 shares of the oil and gas producer’s stock valued at $516,000 after purchasing an additional 116 shares in the last quarter. First Personal Financial Services grew its position in shares of Suncor Energy by 144.1% in the second quarter. First Personal Financial Services now owns 3,845 shares of the oil and gas producer’s stock valued at $112,000 after purchasing an additional 2,270 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its position in shares of Suncor Energy by 96.0% in the second quarter. Advisors Asset Management Inc. now owns 110,401 shares of the oil and gas producer’s stock valued at $3,224,000 after purchasing an additional 54,069 shares in the last quarter. Institutional investors and hedge funds own 64.07% of the company’s stock.

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Several research analysts recently weighed in on the company. BidaskClub lowered Suncor Energy from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Citigroup Inc. restated a “buy” rating on shares of Suncor Energy in a research note on Wednesday, August 2nd. AltaCorp Capital cut Suncor Energy from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 28th. Barclays PLC restated an “overweight” rating and set a $52.00 price target (up from $47.00) on shares of Suncor Energy in a research note on Wednesday, July 12th. Finally, Piper Jaffray Companies decreased their price target on Suncor Energy from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Monday, July 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Suncor Energy has an average rating of “Buy” and an average price target of $42.86.

Shares of Suncor Energy Inc. (NYSE:SU) opened at 32.71 on Monday. The firm has a 50-day moving average of $31.90 and a 200 day moving average of $30.95. Suncor Energy Inc. has a 1-year low of $25.70 and a 1-year high of $33.79. The stock has a market capitalization of $54.28 billion, a PE ratio of 25.68 and a beta of 0.82.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Tuesday, September 5th will be given a $0.2552 dividend. This represents a $1.02 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend is Thursday, August 31st. This is an increase from Suncor Energy ‘s previous quarterly dividend of $0.24. Suncor Energy ‘s dividend payout ratio is 84.43%.

About Suncor Energy

Suncor Energy Inc (Suncor) is an 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.

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Institutional Ownership by Quarter for Suncor Energy  (NYSE:SU)

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