Suncor Energy Inc. (NYSE:SU) is Keating Investment Counselors Inc.’s 10th Largest Position

Keating Investment Counselors Inc. lessened its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 4.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202,391 shares of the oil and gas producer’s stock after selling 8,325 shares during the quarter. Suncor Energy comprises 2.5% of Keating Investment Counselors Inc.’s portfolio, making the stock its 10th biggest holding. Keating Investment Counselors Inc.’s holdings in Suncor Energy were worth $7,711,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Johnson Financial Group Inc. bought a new stake in shares of Suncor Energy in the 4th quarter valued at approximately $25,000. Richardson Financial Services Inc. bought a new stake in shares of Suncor Energy in the 4th quarter valued at approximately $25,000. Trust Co. of Vermont bought a new stake in shares of Suncor Energy in the 2nd quarter valued at approximately $26,000. Summit Securities Group LLC bought a new stake in shares of Suncor Energy in the 2nd quarter valued at approximately $27,000. Finally, Ridgewood Investments LLC bought a new stake in shares of Suncor Energy in the 2nd quarter valued at approximately $29,000. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. BMO Capital Markets raised Suncor Energy from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 7th. Scotiabank decreased their price target on Suncor Energy from $61.00 to $60.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. Wolfe Research assumed coverage on Suncor Energy in a research note on Thursday, July 18th. They set an “outperform” rating and a $68.00 price target for the company. Finally, TD Securities raised Suncor Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Suncor Energy currently has an average rating of “Moderate Buy” and a consensus price target of $54.86.

Suncor Energy Trading Down 1.8 %

Shares of NYSE SU opened at $37.32 on Friday. 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 business has a fifty day simple moving average of $39.18 and a two-hundred day simple moving average of $38.16. The firm has a market cap of $47.83 billion, a PE ratio of 8.31, a price-to-earnings-growth ratio of 2.61 and a beta of 1.13. Suncor Energy Inc. has a twelve month low of $29.45 and a twelve month high of $41.94.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its earnings results on Tuesday, August 6th. The oil and gas producer reported $1.27 earnings per share 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 return on equity of 16.22% and a net margin of 14.40%. Suncor Energy’s revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 EPS. Analysts expect that Suncor Energy Inc. will post 3.71 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. Stockholders of record on Wednesday, September 4th will be issued a $0.395 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 4.23%. Suncor Energy’s dividend payout ratio is presently 34.97%.

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.