Blue Trust Inc. Purchases 325 Shares of Suncor Energy Inc. (NYSE:SU)

Blue Trust Inc. boosted its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 11.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,278 shares of the oil and gas producer’s stock after acquiring an additional 325 shares during the period. Blue Trust Inc.’s holdings in Suncor Energy were worth $121,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Johnson Financial Group Inc. bought a new stake in shares of Suncor Energy during the 4th quarter valued at $25,000. Richardson Financial Services Inc. bought a new stake in Suncor Energy in the fourth quarter valued at about $25,000. Trust Co. of Vermont acquired a new position in Suncor Energy in the second quarter valued at about $26,000. Benjamin F. Edwards & Company Inc. boosted its holdings in Suncor Energy by 43.2% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,038 shares of the oil and gas producer’s stock worth $33,000 after buying an additional 313 shares during the last quarter. Finally, Adirondack Trust Co. grew its position in shares of Suncor Energy by 45.6% during the 4th quarter. Adirondack Trust Co. now owns 1,000 shares of the oil and gas producer’s stock worth $34,000 after buying an additional 313 shares during the period. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Price Performance

NYSE SU opened at $40.32 on Wednesday. The firm’s 50 day moving average is $38.47 and its 200-day moving average is $37.50. The company has a quick ratio of 0.93, a current ratio of 1.46 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $51.67 billion, a PE ratio of 8.98, a price-to-earnings-growth ratio of 2.83 and a beta of 1.12. Suncor Energy Inc. has a 12-month low of $29.45 and a 12-month high of $41.92.

Suncor Energy (NYSE:SU) (TSE:SU) last issued 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. Suncor Energy had a net margin of 14.40% and a return on equity of 16.22%. The firm had revenue of $12.90 billion for the quarter, compared to analyst estimates of $9.30 billion. During the same period in the previous year, the business earned $0.71 EPS. The company’s revenue was up 10.1% compared to the same quarter last year. Equities research analysts anticipate that Suncor Energy Inc. will post 3.64 earnings per share for the current fiscal year.

Suncor Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be given a dividend of $0.395 per share. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $1.58 annualized dividend and a yield of 3.92%. Suncor Energy’s dividend payout ratio (DPR) is presently 34.97%.

Analyst Ratings Changes

A number of analysts recently weighed in on SU shares. StockNews.com upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. TD Securities raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Scotiabank reduced 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. Wolfe Research started coverage on Suncor Energy in a report on Thursday, July 18th. They issued an “outperform” rating and a $68.00 price target for the company. Finally, BMO Capital Markets raised Suncor Energy from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $54.75.

Suncor Energy Company 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.