Bamco Inc. NY grew its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 12.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,500 shares of the oil and gas producer’s stock after buying an additional 3,500 shares during the quarter. Bamco Inc. NY’s holdings in Suncor Energy were worth $1,193,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of SU. Nationwide Fund Advisors lifted its holdings in shares of Suncor Energy by 20.8% in the 3rd quarter. Nationwide Fund Advisors now owns 143,931 shares of the oil and gas producer’s stock valued at $5,042,000 after buying an additional 24,740 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Suncor Energy by 51.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 41,521 shares of the oil and gas producer’s stock valued at $1,456,000 after buying an additional 14,041 shares during the period. FDx Advisors Inc. lifted its holdings in shares of Suncor Energy by 99.5% in the 3rd quarter. FDx Advisors Inc. now owns 32,272 shares of the oil and gas producer’s stock valued at $1,130,000 after buying an additional 16,095 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in shares of Suncor Energy by 317.0% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 61,013 shares of the oil and gas producer’s stock valued at $2,144,000 after buying an additional 46,380 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of Suncor Energy by 51.3% in the 3rd quarter. Sei Investments Co. now owns 77,130 shares of the oil and gas producer’s stock valued at $2,702,000 after buying an additional 26,145 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.
SU has been the subject of several research reports. AltaCorp Capital reaffirmed a “hold” rating and set a $51.00 price objective on shares of Suncor Energy in a report on Monday, January 15th. Zacks Investment Research cut Suncor Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 22nd. UBS Group initiated coverage on Suncor Energy in a report on Wednesday, March 7th. They set a “buy” rating for the company. Piper Jaffray Companies reaffirmed a “buy” rating and set a $44.00 price objective on shares of Suncor Energy in a report on Friday, February 23rd. Finally, JPMorgan Chase & Co. raised Suncor Energy from a “neutral” rating to an “overweight” rating in a report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $45.67.
Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings results on Thursday, February 8th. The oil and gas producer reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.07. Suncor Energy had a return on equity of 7.15% and a net margin of 13.93%. The company had revenue of $7.12 billion during the quarter, compared to analysts’ expectations of $6.43 billion. equities research analysts anticipate that Suncor Energy Inc. will post 1.92 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Monday, March 5th will be issued a $0.286 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.52%. This is a boost from Suncor Energy’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, March 2nd. Suncor Energy’s payout ratio is 55.02%.
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Suncor Energy Profile
Suncor Energy Inc is a Canada-based 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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