Ashton Thomas Private Wealth LLC Acquires 887 Shares of Suncor Energy Inc. $SU

Ashton Thomas Private Wealth LLC boosted its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 1.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 56,885 shares of the oil and gas producer’s stock after buying an additional 887 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Suncor Energy were worth $2,130,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Ascent Group LLC grew its position 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 valued at $216,000 after buying an additional 260 shares during the period. IFP Advisors Inc grew its position 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 valued at $53,000 after buying an additional 309 shares during the period. Winthrop Capital Management LLC grew its position 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 valued at $529,000 after buying an additional 352 shares during the period. Harbour Investments Inc. grew its position 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 valued at $45,000 after buying an additional 469 shares during the period. Finally, CW Advisors LLC grew its position 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 valued at $2,693,000 after buying an additional 475 shares during the period. 67.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SU shares. Weiss Ratings restated a “hold (c+)” rating on shares of Suncor Energy in a research report on Wednesday, October 8th. Zacks Research lowered shares of Suncor Energy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 15th. Wells Fargo & Company started coverage on shares of Suncor Energy in a research report on Friday, October 17th. They issued an “equal weight” rating for the company. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $65.00 price target on shares of Suncor Energy in a research report on Friday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $65.00.

Suncor Energy Price Performance

Shares of NYSE:SU opened at $39.64 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. The firm has a fifty day moving average price of $40.77 and a 200 day moving average price of $38.59. Suncor Energy Inc. has a fifty-two week low of $30.79 and a fifty-two week high of $43.48. The firm has a market cap of $47.93 billion, a price-to-earnings ratio of 12.20, a P/E/G ratio of 3.52 and a beta of 0.78.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its earnings results on Tuesday, August 5th. The oil and gas producer reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The firm had revenue of $8.81 billion during the quarter, compared to analyst estimates of $11.56 billion. Suncor Energy had a net margin of 11.35% and a return on equity of 13.21%. During the same quarter in the prior year, the business earned $1.27 earnings per share. As a group, sell-side analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 4th were paid a dividend of $0.4135 per share. 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 dividend on an annualized basis and a yield of 4.2%. Suncor Energy’s payout ratio is currently 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.