Suncor Energy Inc. (NYSE:SU) (TSE:SU) has been assigned a consensus rating of “Buy” from the twenty research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $43.63.
A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded Suncor Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 12th. BidaskClub upgraded Suncor Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. AltaCorp Capital lowered Suncor Energy from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 28th. Citigroup Inc. restated a “buy” rating on shares of Suncor Energy in a research note on Wednesday, August 2nd. Finally, Piper Jaffray Companies reduced their target price on Suncor Energy from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, July 3rd.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Suncor Energy by 4.9% during the 2nd quarter. Vanguard Group Inc. now owns 40,423,181 shares of the oil and gas producer’s stock worth $1,180,357,000 after purchasing an additional 1,892,375 shares during the period. Dodge & Cox grew its position in Suncor Energy by 7.6% during the 2nd quarter. Dodge & Cox now owns 36,821,800 shares of the oil and gas producer’s stock worth $1,075,197,000 after purchasing an additional 2,587,900 shares during the period. BlackRock Inc. grew its position in Suncor Energy by 3.6% during the 2nd quarter. BlackRock Inc. now owns 24,405,196 shares of the oil and gas producer’s stock worth $712,632,000 after purchasing an additional 848,549 shares during the period. CIBC Asset Management Inc grew its position in Suncor Energy by 4.8% during the 2nd quarter. CIBC Asset Management Inc now owns 15,871,361 shares of the oil and gas producer’s stock worth $463,195,000 after purchasing an additional 725,934 shares during the period. Finally, William Blair Investment Management LLC grew its position in Suncor Energy by 7.4% during the 2nd quarter. William Blair Investment Management LLC now owns 9,447,923 shares of the oil and gas producer’s stock worth $275,648,000 after purchasing an additional 653,754 shares during the period. 64.05% of the stock is currently owned by institutional investors.
Shares of Suncor Energy (SU) traded up 0.40% during mid-day trading on Friday, hitting $34.71. The company had a trading volume of 987,144 shares. The company has a market capitalization of $57.60 billion, a price-to-earnings ratio of 26.10 and a beta of 0.83. The company has a 50-day moving average price of $33.27 and a 200-day moving average price of $31.46. Suncor Energy has a 1-year low of $27.67 and a 1-year high of $35.18.
The business also recently declared a quarterly dividend, which was paid on Monday, September 25th. Shareholders of record on Tuesday, September 5th were given a dividend of $0.2552 per share. This is an increase from Suncor Energy ‘s previous quarterly dividend of $0.24. This represents a $1.02 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend was Thursday, August 31st. Suncor Energy ‘s dividend payout ratio (DPR) is currently 84.43%.
Suncor Energy Company Profile
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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