Swiss National Bank Has $267.05 Million Stock Holdings in Suncor Energy Inc. $SU

Swiss National Bank boosted its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 26.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,043,492 shares of the oil and gas producer’s stock after buying an additional 838,900 shares during the period. Swiss National Bank’s holdings in Suncor Energy were worth $267,051,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SU. Vanguard Group Inc. increased its position in shares of Suncor Energy by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 55,720,921 shares of the oil and gas producer’s stock worth $2,473,173,000 after acquiring an additional 1,166,405 shares in the last quarter. FIL Ltd lifted its position in Suncor Energy by 14.0% in the 4th quarter. FIL Ltd now owns 21,050,387 shares of the oil and gas producer’s stock valued at $934,312,000 after acquiring an additional 2,592,516 shares in the last quarter. Principal Financial Group Inc. lifted its position in Suncor Energy by 2.7% in the 4th quarter. Principal Financial Group Inc. now owns 19,371,704 shares of the oil and gas producer’s stock valued at $860,933,000 after acquiring an additional 516,783 shares in the last quarter. Fisher Asset Management LLC lifted its position in Suncor Energy by 8.3% in the 4th quarter. Fisher Asset Management LLC now owns 16,820,924 shares of the oil and gas producer’s stock valued at $746,176,000 after acquiring an additional 1,289,959 shares in the last quarter. Finally, Morgan Stanley boosted its stake in Suncor Energy by 17.5% during the 4th quarter. Morgan Stanley now owns 12,877,899 shares of the oil and gas producer’s stock valued at $571,264,000 after purchasing an additional 1,917,612 shares during the last quarter. 67.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on SU. The Goldman Sachs Group lowered Suncor Energy from a “buy” rating to a “neutral” rating and set a $72.00 price objective for the company. in a report on Friday, June 5th. Wall Street Zen raised Suncor Energy from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 12th. Royal Bank Of Canada upped their price target on Suncor Energy from $75.00 to $89.00 and gave the stock an “outperform” rating in a report on Wednesday, April 1st. ATB Cormark Capital Markets raised Suncor Energy from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, April 1st. Finally, Weiss Ratings cut Suncor Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Suncor Energy currently has a consensus rating of “Buy” and a consensus target price of $71.67.

Suncor Energy Trading Up 2.9%

Shares of SU stock opened at $62.45 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.92 and a current ratio of 1.42. The company has a market capitalization of $73.73 billion, a price-to-earnings ratio of 16.39 and a beta of 0.30. Suncor Energy Inc. has a 52-week low of $37.76 and a 52-week high of $70.29. The company has a 50-day simple moving average of $61.11 and a two-hundred day simple moving average of $58.68.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its earnings results on Tuesday, May 5th. The oil and gas producer reported $1.41 EPS for the quarter, missing the consensus estimate of $1.45 by ($0.04). The firm had revenue of $10.41 billion for the quarter, compared to the consensus estimate of $9.22 billion. Suncor Energy had a return on equity of 13.96% and a net margin of 12.29%.During the same period in the prior year, the business earned $1.31 EPS. Research analysts anticipate that Suncor Energy Inc. will post 6.9 EPS for the current fiscal year.

Suncor Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 4th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Thursday, June 4th. Suncor Energy’s dividend payout ratio (DPR) is 45.67%.

Suncor Energy Company Profile

Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company’s operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.

Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.