Suncor Energy Inc. $SU Shares Sold by Beutel Goodman & Co Ltd.

Beutel Goodman & Co Ltd. decreased its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 3.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,704,918 shares of the oil and gas producer’s stock after selling 297,575 shares during the period. Beutel Goodman & Co Ltd.’s holdings in Suncor Energy were worth $288,037,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SU. Shell Asset Management Co. raised its holdings in Suncor Energy by 65.8% during the 2nd quarter. Shell Asset Management Co. now owns 103,082 shares of the oil and gas producer’s stock worth $3,854,000 after purchasing an additional 40,892 shares during the last quarter. Focus Partners Wealth boosted its position in shares of Suncor Energy by 1.3% during the first quarter. Focus Partners Wealth now owns 796,967 shares of the oil and gas producer’s stock valued at $30,859,000 after buying an additional 10,514 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its position in shares of Suncor Energy by 15.6% during the 2nd quarter. Ontario Teachers Pension Plan Board now owns 315,278 shares of the oil and gas producer’s stock worth $11,818,000 after buying an additional 42,506 shares in the last quarter. Canoe Financial LP purchased a new position in shares of Suncor Energy in the 2nd quarter worth about $9,653,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Suncor Energy by 36.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 944,533 shares of the oil and gas producer’s stock valued at $36,572,000 after purchasing an additional 251,298 shares during the period. 67.37% of the stock is owned by institutional investors and hedge funds.

Suncor Energy Trading Up 0.2%

NYSE SU opened at $44.75 on Friday. The company has a current ratio of 1.35, a quick ratio of 0.85 and a debt-to-equity ratio of 0.19. Suncor Energy Inc. has a 12-month low of $30.79 and a 12-month high of $45.60. The stock has a market cap of $53.77 billion, a P/E ratio of 14.67 and a beta of 0.46. The company has a fifty day simple moving average of $41.84 and a two-hundred day simple moving average of $40.10.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings results on Tuesday, November 4th. The oil and gas producer reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.22. The firm had revenue of $9.04 billion for the quarter, compared to the consensus estimate of $8.82 billion. Suncor Energy had a net margin of 10.61% and a return on equity of 13.01%. During the same period in the prior year, the firm posted $1.48 earnings per share. On average, analysts forecast that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 3rd will be given a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 5.4%. This is an increase from Suncor Energy’s previous quarterly dividend of $0.41. Suncor Energy’s dividend payout ratio is 56.39%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Royal Bank Of Canada restated an “outperform” rating and issued a $65.00 target price on shares of Suncor Energy in a research note on Friday, October 3rd. Wells Fargo & Company started coverage on shares of Suncor Energy in a report on Friday, October 17th. They issued an “equal weight” rating on the stock. Zacks Research downgraded shares of Suncor Energy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Suncor Energy in a report on Monday. Finally, Raymond James Financial upgraded shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Suncor Energy has an average rating of “Moderate Buy” and an average price target of $65.00.

Suncor Energy Profile

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.