Cardinal Capital Management Inc. Has $152.47 Million Stock Holdings in Suncor Energy Inc. $SU

Cardinal Capital Management Inc. grew its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 0.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,641,023 shares of the oil and gas producer’s stock after acquiring an additional 18,686 shares during the quarter. Suncor Energy makes up 4.4% of Cardinal Capital Management Inc.’s holdings, making the stock its 2nd largest holding. Cardinal Capital Management Inc.’s holdings in Suncor Energy were worth $152,466,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of SU. Neville Rodie & Shaw Inc. bought a new stake in shares of Suncor Energy in the third quarter worth $220,000. Osaic Holdings Inc. grew its stake in shares of Suncor Energy by 155.2% during the 2nd quarter. Osaic Holdings Inc. now owns 95,051 shares of the oil and gas producer’s stock valued at $3,631,000 after purchasing an additional 57,810 shares during the period. Squarepoint Ops LLC increased its position in shares of Suncor Energy by 452.2% during the 2nd quarter. Squarepoint Ops LLC now owns 124,216 shares of the oil and gas producer’s stock valued at $4,652,000 after purchasing an additional 101,721 shares during the last quarter. FORA Capital LLC purchased a new stake in shares of Suncor Energy during the 2nd quarter valued at about $950,000. Finally, Headlands Technologies LLC bought a new position in shares of Suncor Energy in the 2nd quarter worth approximately $31,000. 67.37% of the stock is currently owned by hedge funds and other institutional investors.

Suncor Energy Trading Down 1.7%

Suncor Energy stock opened at $43.62 on Tuesday. Suncor Energy Inc. has a 1 year low of $30.79 and a 1 year high of $45.60. The firm’s 50 day moving average price is $42.18 and its 200-day moving average price is $40.59. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.35 and a quick ratio of 0.85. The stock has a market cap of $52.42 billion, a P/E ratio of 14.30 and a beta of 0.46.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its earnings results on Tuesday, November 4th. The oil and gas producer reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.22. The company had revenue of $9.04 billion during the quarter, compared to analysts’ expectations 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 last year, the company posted $1.48 earnings per share. On average, equities analysts predict that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 3rd will be given a dividend of $0.60 per share. The ex-dividend date is Wednesday, December 3rd. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.41. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.5%. Suncor Energy’s dividend payout ratio (DPR) is 56.39%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $65.00 target price on shares of Suncor Energy in a research report on Friday, October 3rd. Wells Fargo & Company assumed coverage on shares of Suncor Energy in a research report on Friday, October 17th. They set an “equal weight” rating for the company. Zacks Research cut Suncor Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 15th. Raymond James Financial upgraded Suncor Energy from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 6th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Suncor Energy in a research report on Monday, December 8th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Suncor Energy currently has a consensus rating of “Moderate Buy” and an average target price 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.