Hennessy Advisors Inc. Decreases Stock Position in Suncor Energy Inc. (NYSE:SU)

Hennessy Advisors Inc. lessened its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 4.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 145,000 shares of the oil and gas producer’s stock after selling 6,800 shares during the period. Hennessy Advisors Inc.’s holdings in Suncor Energy were worth $4,756,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in SU. Ellevest Inc. purchased a new stake in Suncor Energy during the 2nd quarter valued at $37,000. Doyle Wealth Management purchased a new stake in Suncor Energy in the second quarter worth $38,000. First PREMIER Bank purchased a new stake in Suncor Energy in the third quarter worth $69,000. Steward Partners Investment Advisory LLC increased its stake in Suncor Energy by 19.9% in the third quarter. Steward Partners Investment Advisory LLC now owns 2,963 shares of the oil and gas producer’s stock worth $93,000 after purchasing an additional 491 shares during the period. Finally, Valeo Financial Advisors LLC increased its stake in Suncor Energy by 19.4% in the third quarter. Valeo Financial Advisors LLC now owns 3,081 shares of the oil and gas producer’s stock worth $97,000 after purchasing an additional 500 shares during the period. Institutional investors own 65.13% of the company’s stock.

Shares of NYSE SU opened at $34.48 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 0.96. The company has a market cap of $52.29 billion, a PE ratio of 17.24, a P/E/G ratio of 2.45 and a beta of 1.10. The business has a 50-day simple moving average of $32.44 and a two-hundred day simple moving average of $30.88. Suncor Energy Inc. has a fifty-two week low of $27.28 and a fifty-two week high of $34.87.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings results on Wednesday, October 30th. The oil and gas producer reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. The business had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $8.02 billion. Suncor Energy had a return on equity of 9.24% and a net margin of 12.87%. On average, sell-side analysts predict that Suncor Energy Inc. will post 2.64 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd were issued a $0.319 dividend. This represents a $1.28 annualized dividend and a yield of 3.70%. The ex-dividend date was Monday, December 2nd. Suncor Energy’s dividend payout ratio is presently 63.00%.

A number of analysts have weighed in on the company. Royal Bank of Canada reiterated a “buy” rating and issued a $47.00 target price on shares of Suncor Energy in a research note on Monday, January 6th. CIBC set a $53.00 target price on Suncor Energy and gave the stock a “buy” rating in a research note on Friday, October 11th. ValuEngine upgraded Suncor Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. National Bank Financial lowered Suncor Energy from an “outperform overweight” rating to a “sector perform overweight” rating in a research note on Tuesday, October 1st. Finally, Raymond James set a $48.00 target price on Suncor Energy and gave the stock a “buy” rating in a research note on Saturday, November 2nd. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Suncor Energy has an average rating of “Buy” and an average price target of $44.92.

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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Institutional Ownership by Quarter for Suncor Energy (NYSE:SU)

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