Virtus ETF Advisers LLC purchased a new position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 74,970 shares of the oil and gas producer’s stock, valued at approximately $2,336,000.
A number of other large investors have also recently added to or reduced their stakes in the stock. Cornerstone Advisors Inc. increased its stake in shares of Suncor Energy by 121.7% in the 1st quarter. Cornerstone Advisors Inc. now owns 1,095 shares of the oil and gas producer’s stock valued at $36,000 after purchasing an additional 601 shares during the last quarter. Zions Bancorporation N.A. bought a new position in shares of Suncor Energy in the 1st quarter valued at $38,000. Trustcore Financial Services LLC bought a new position in shares of Suncor Energy in the 1st quarter valued at $39,000. Thomas J. Herzfeld Advisors Inc. increased its stake in shares of Suncor Energy by 39.9% in the 1st quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,468 shares of the oil and gas producer’s stock valued at $48,000 after purchasing an additional 419 shares during the last quarter. Finally, Bremer Bank National Association bought a new position in shares of Suncor Energy in the 1st quarter valued at $52,000. 65.34% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:SU traded down $0.30 during midday trading on Friday, reaching $30.38. The company’s stock had a trading volume of 212,416 shares, compared to its average volume of 3,129,008. The firm has a market capitalization of $47.76 billion, a price-to-earnings ratio of 15.22, a PEG ratio of 1.70 and a beta of 1.07. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.98. The firm has a 50 day moving average price of $28.82 and a two-hundred day moving average price of $31.45. Suncor Energy Inc. has a fifty-two week low of $25.81 and a fifty-two week high of $40.08.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be paid a $0.321 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.23%. This is an increase from Suncor Energy’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Tuesday, September 3rd. Suncor Energy’s payout ratio is currently 63.00%.
SU has been the topic of several recent analyst reports. Citigroup decreased their price target on Suncor Energy from $59.00 to $55.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. BMO Capital Markets restated a “buy” rating on shares of Suncor Energy in a research report on Monday, June 24th. Finally, ValuEngine upgraded Suncor Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, August 27th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $48.23.
Suncor Energy Profile
Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.
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