Beese Fulmer Investment Management Inc. Has $217,000 Stock Holdings in Suncor Energy Inc. (NYSE:SU)

Beese Fulmer Investment Management Inc. reduced its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 6.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,870 shares of the oil and gas producer’s stock after selling 380 shares during the period. Beese Fulmer Investment Management Inc.’s holdings in Suncor Energy were worth $217,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. X Square Capital LLC lifted its holdings in shares of Suncor Energy by 3.5% in the third quarter. X Square Capital LLC now owns 82,453 shares of the oil and gas producer’s stock worth $3,044,000 after acquiring an additional 2,789 shares during the last quarter. International Assets Investment Management LLC bought a new position in Suncor Energy in the 3rd quarter valued at approximately $2,701,000. Greenleaf Trust boosted its position in Suncor Energy by 13.6% in the third quarter. Greenleaf Trust now owns 11,910 shares of the oil and gas producer’s stock valued at $440,000 after buying an additional 1,423 shares in the last quarter. Private Advisor Group LLC boosted its position in Suncor Energy by 5.0% in the third quarter. Private Advisor Group LLC now owns 33,566 shares of the oil and gas producer’s stock valued at $1,239,000 after buying an additional 1,604 shares in the last quarter. Finally, Waldron Private Wealth LLC bought a new stake in shares of Suncor Energy during the third quarter worth $49,000. 67.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on SU. TD Securities raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Wolfe Research started coverage on Suncor Energy in a report on Thursday, July 18th. They set an “outperform” rating and a $68.00 price target on the stock. Scotiabank dropped their price objective on shares of Suncor Energy from $61.00 to $60.00 and set a “sector perform” rating for the company in a report on Friday, July 12th. BMO Capital Markets raised shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 7th. Finally, StockNews.com downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $55.83.

Suncor Energy Stock Performance

NYSE:SU opened at $38.53 on Friday. 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 Inc. has a fifty-two week low of $29.45 and a fifty-two week high of $41.94. The company has a 50 day simple moving average of $38.91 and a two-hundred day simple moving average of $38.74. The company has a market capitalization of $49.38 billion, a PE ratio of 8.58, a P/E/G ratio of 2.78 and a beta of 1.12.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings data on Tuesday, August 6th. The oil and gas producer reported $1.27 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.51. The company had revenue of $12.90 billion during the quarter, compared to analysts’ expectations of $9.30 billion. Suncor Energy had a net margin of 14.40% and a return on equity of 16.22%. Suncor Energy’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.71 earnings per share. Research analysts anticipate that Suncor Energy Inc. will post 3.53 earnings per share for the current year.

Suncor Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were paid a $0.395 dividend. This represents a $1.58 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date was Wednesday, September 4th. Suncor Energy’s dividend payout ratio is 35.86%.

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.