2 weeks Ago By ABMN Staff
Ninepoint Partners LP reduced its holdings in shares of Suncor Energy Inc. ( NYSE:SU – Free Report ) (TSE:SU) by 92.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC.
The institutional investor owned 82,148 shares of the oil and gas producer’s stock after selling 1,013,718 shares during the period. Suncor Energy comprises about 0.3% of Ninepoint Partners LP’s investment portfolio, making the stock its 18th biggest position.
Ninepoint Partners LP’s holdings in Suncor Energy were worth $3,130,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its holdings in Suncor Energy by 2,358.
4% during the first quarter. BNP Paribas Financial Markets now owns 17,209 shares of the oil and gas producer’s stock valued at $635,000 after purchasing an additional 16,509 shares in the last quarter. Empowered Funds LLC bought a new stake in Suncor Energy in the first quarter valued at $2,940,000.
Assenagon Asset Management S.A. raised its stake in Suncor Energy by 90.
9% during the second quarter. Assenagon Asset Management S.A.
now owns 8,299,876 shares of the oil and gas producer’s stock worth $316,226,000 after acquiring an additional 3,951,287 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Suncor Energy by 5.
9% during the first quarter. Price T Rowe Associates Inc. MD now owns 18,529,253 shares of the oil and gas producer’s stock valued at $683,916,000 after acquiring an additional 1,031,542 shares during the period.
Finally, Envestnet Portfolio Solutions Inc. grew its holdings in shares of Suncor Energy by 56.6% in the 1st quarter.
Envestnet Portfolio Solutions Inc. now owns 55,636 shares of the oil and gas producer’s stock worth $2,054,000 after purchasing an additional 20,101 shares during the last quarter. Institutional investors own 67.
37% of the company’s stock. Analyst Upgrades and Downgrades A number of equities analysts have commented on SU shares. StockNews.
com upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Saturday. BMO Capital Markets raised Suncor Energy from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 7th. TD Securities upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th.
Wolfe Research assumed coverage on Suncor Energy in a research report on Thursday, July 18th. They issued an “outperform” rating and a $68.00 price objective for the company.
Finally, Scotiabank decreased their target price on Suncor Energy from $61.00 to $60.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th.
Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Suncor Energy has an average rating of “Moderate Buy” and an average target price of $55.83.
Suncor Energy Stock Up 0.8 % NYSE:SU opened at $36.81 on Friday.
The stock’s fifty day moving average price is $38.76 and its two-hundred day moving average price is $38.42.
The company has a market cap of $46.77 billion, a price-to-earnings ratio of 8.20, a P/E/G ratio of 2.
57 and a beta of 1.13. Suncor Energy Inc.
has a 52-week low of $29.45 and a 52-week high of $41.94.
The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.93 and a current ratio of 1.
46. Suncor Energy ( NYSE:SU – Get Free Report ) (TSE:SU) last posted its quarterly earnings results on Tuesday, August 6th. The oil and gas producer reported $1.
27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.51.
The business had revenue of $12.90 billion for the quarter, compared to analysts’ expectations of $9.30 billion.
Suncor Energy had a return on equity of 16.22% and a net margin of 14.40%.
The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.
71 earnings per share. On average, analysts anticipate that Suncor Energy Inc. will post 3.
71 EPS for the current year. Suncor Energy Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were given a dividend of $0.
395 per share. This represents a $1.58 annualized dividend and a dividend yield of 4.
29%. The ex-dividend date was Wednesday, September 4th. Suncor Energy’s dividend payout ratio is 36.
08%. Suncor Energy Company Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding SU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Suncor Energy Inc.
( NYSE:SU – Free Report ) (TSE:SU). Receive News & Ratings for Suncor Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy and related companies with MarketBeat.com's FREE daily email newsletter .
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