American Century Companies Inc. Has $37.52 Million Stake in Suncor Energy Inc. $SU

American Century Companies Inc. lifted its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 2.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 896,556 shares of the oil and gas producer’s stock after purchasing an additional 18,231 shares during the period. American Century Companies Inc.’s holdings in Suncor Energy were worth $37,519,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Archford Capital Strategies LLC increased its position in Suncor Energy by 1.2% during the third quarter. Archford Capital Strategies LLC now owns 23,617 shares of the oil and gas producer’s stock worth $987,000 after acquiring an additional 272 shares during the period. Richardson Financial Services Inc. lifted its position in shares of Suncor Energy by 64.1% in the 3rd quarter. Richardson Financial Services Inc. now owns 704 shares of the oil and gas producer’s stock worth $29,000 after acquiring an additional 275 shares during the period. D Orazio & Associates Inc. increased its holdings in Suncor Energy by 3.9% in the 3rd quarter. D Orazio & Associates Inc. now owns 7,299 shares of the oil and gas producer’s stock valued at $305,000 after buying an additional 275 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Suncor Energy by 10.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,947 shares of the oil and gas producer’s stock valued at $123,000 after buying an additional 280 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its stake in Suncor Energy by 0.7% during the third quarter. Advisors Asset Management Inc. now owns 43,083 shares of the oil and gas producer’s stock worth $1,801,000 after acquiring an additional 301 shares in the last quarter. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Trading Down 1.3%

NYSE SU opened at $56.87 on Friday. The firm has a market capitalization of $67.67 billion, a PE ratio of 16.39 and a beta of 0.43. The company has a current ratio of 1.39, a quick ratio of 0.89 and a debt-to-equity ratio of 0.20. Suncor Energy Inc. has a 12 month low of $30.79 and a 12 month high of $58.63. The business’s 50-day moving average price is $51.89 and its two-hundred day moving average price is $45.37.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings results on Tuesday, February 3rd. The oil and gas producer reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.02. The firm had revenue of $8.77 billion for the quarter, compared to analyst estimates of $8.79 billion. Suncor Energy had a return on equity of 12.51% and a net margin of 11.99%.During the same period in the previous year, the firm earned $1.25 earnings per share. On average, analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th will be given a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $2.40 annualized dividend and a yield of 4.2%. Suncor Energy’s payout ratio is currently 50.72%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SU shares. Royal Bank Of Canada lifted their target price on shares of Suncor Energy from $69.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Zacks Research downgraded shares of Suncor Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. JPMorgan Chase & Co. upgraded shares of Suncor Energy from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $46.15 to $54.00 in a report on Tuesday, January 20th. Weiss Ratings restated a “buy (b)” rating on shares of Suncor Energy in a research report on Monday, December 29th. Finally, Wall Street Zen lowered Suncor Energy from a “buy” rating to a “hold” rating in a research report on Sunday, December 28th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $61.00.

Suncor Energy Company Profile

Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company’s operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.

Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.