Suncor Energy Inc. $SU Stock Holdings Raised by Cardinal Capital Management Inc.

Cardinal Capital Management Inc. lifted its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 101.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,331,336 shares of the oil and gas producer’s stock after purchasing an additional 3,181,648 shares during the period. Suncor Energy accounts for approximately 9.8% of Cardinal Capital Management Inc.’s portfolio, making the stock its biggest holding. Cardinal Capital Management Inc.’s holdings in Suncor Energy were worth $430,430,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Valeo Financial Advisors LLC lifted its position in shares of Suncor Energy by 1.6% during the 3rd quarter. Valeo Financial Advisors LLC now owns 10,239 shares of the oil and gas producer’s stock worth $695,000 after purchasing an additional 166 shares during the last quarter. Formidable Asset Management LLC grew its holdings in Suncor Energy by 1.1% in the 1st quarter. Formidable Asset Management LLC now owns 16,004 shares of the oil and gas producer’s stock valued at $1,058,000 after buying an additional 171 shares during the last quarter. Mitchell & Pahl Private Wealth LLC grew its holdings in Suncor Energy by 0.8% in the 1st quarter. Mitchell & Pahl Private Wealth LLC now owns 24,278 shares of the oil and gas producer’s stock valued at $1,605,000 after buying an additional 190 shares during the last quarter. DGS Capital Management LLC increased its position in Suncor Energy by 3.2% in the 4th quarter. DGS Capital Management LLC now owns 6,149 shares of the oil and gas producer’s stock worth $273,000 after buying an additional 193 shares during the period. Finally, Sage Investment Counsel LLC increased its position in Suncor Energy by 2.4% in the 1st quarter. Sage Investment Counsel LLC now owns 8,600 shares of the oil and gas producer’s stock worth $569,000 after buying an additional 200 shares during the period. 67.37% of the stock is currently owned by institutional investors.

Suncor Energy Stock Up 2.9%

NYSE SU opened at $77.80 on Friday. Suncor Energy Inc. has a twelve month low of $37.76 and a twelve month high of $79.65. The stock has a market cap of $90.99 billion, a PE ratio of 14.33, a PEG ratio of 0.50 and a beta of 0.36. The firm has a 50-day simple moving average of $68.57 and a 200 day simple moving average of $64.78. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.08 and a current ratio of 1.65.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings results on Tuesday, August 4th. The oil and gas producer reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.19. The firm had revenue of $13.41 billion for the quarter, compared to analyst estimates of $11.68 billion. Suncor Energy had a return on equity of 20.05% and a net margin of 15.62%. During the same period in the previous year, the company posted $0.71 earnings per share. On average, research analysts forecast that Suncor Energy Inc. will post 8.12 EPS for the current year.

Suncor Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were issued a dividend of C$0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, September 4th. Suncor Energy’s dividend payout ratio (DPR) is presently 31.86%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SU. Morgan Stanley set a $106.00 price target on Suncor Energy in a report on Wednesday, August 19th. Scotiabank upgraded shares of Suncor Energy to a “strong-buy” rating in a research note on Friday, June 26th. Weiss Ratings raised shares of Suncor Energy from a “buy (b)” rating to a “buy (a-)” rating in a research report on Thursday, October 8th. Zacks Research upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Finally, Wall Street Zen upgraded shares of Suncor Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Three investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Suncor Energy currently has an average rating of “Buy” and a consensus price target of $79.62.

Suncor Energy Company Profile

Suncor Energy Inc is an integrated energy company headquartered in Calgary, Alberta. Its operations span the development and production of crude oil from Canada’s oil sands, offshore petroleum production, refining, and the marketing and distribution of petroleum products.

The company produces synthetic crude oil, bitumen and conventional crude oil, which are processed through its refining operations into fuels and other refined products. Suncor markets fuel and convenience products through the Petro-Canada retail network and supplies commercial, wholesale and industrial customers.