Courier Capital LLC Has $723,000 Holdings in Suncor Energy Inc. (NYSE:SU)

Courier Capital LLC trimmed its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 2.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,575 shares of the oil and gas producer’s stock after selling 450 shares during the period. Courier Capital LLC’s holdings in Suncor Energy were worth $723,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets grew its stake 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 worth $635,000 after buying an additional 16,509 shares in the last quarter. Empowered Funds LLC acquired a new stake in Suncor Energy during the first quarter worth about $2,940,000. Assenagon Asset Management S.A. grew 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 buying an additional 3,951,287 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in 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 worth $683,916,000 after buying an additional 1,031,542 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in Suncor Energy by 56.6% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 55,636 shares of the oil and gas producer’s stock worth $2,054,000 after buying an additional 20,101 shares in the last quarter. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Suncor Energy Stock Down 1.4 %

Shares of NYSE SU opened at $38.60 on Thursday. The company has a 50 day simple moving average of $38.91 and a 200 day simple moving average of $38.74. The firm has a market cap of $48.70 billion, a PE ratio of 8.96, a price-to-earnings-growth ratio of 2.63 and a beta of 1.12. Suncor Energy Inc. has a 1 year low of $29.45 and a 1 year high of $41.94. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.46 and a quick ratio of 0.93.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings data on Tuesday, August 6th. The oil and gas producer reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.51. The business had revenue of $12.90 billion during the quarter, compared to analyst estimates of $9.30 billion. Suncor Energy had a net margin of 14.40% and a return on equity of 16.22%. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the business earned $0.71 EPS. On average, research analysts forecast that Suncor Energy Inc. will post 3.71 EPS for the current year.

Suncor Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were issued a $0.395 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $1.58 dividend on an annualized basis and a yield of 4.09%. Suncor Energy’s dividend payout ratio (DPR) is presently 37.59%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. TD Securities upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. Scotiabank reduced their price target on shares of Suncor Energy from $61.00 to $60.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th. Wolfe Research began coverage on shares of Suncor Energy in a research note on Thursday, July 18th. They issued an “outperform” rating and a $68.00 price target on the stock. BMO Capital Markets upgraded shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a research note 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 given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $55.83.

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.