X Square Capital LLC Acquires 2,789 Shares of Suncor Energy Inc. (NYSE:SU)

X Square Capital LLC grew its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 3.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 82,453 shares of the oil and gas producer’s stock after purchasing an additional 2,789 shares during the quarter. Suncor Energy makes up approximately 1.3% of X Square Capital LLC’s portfolio, making the stock its 24th biggest position. X Square Capital LLC’s holdings in Suncor Energy were worth $3,044,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Eastern Bank purchased a new stake in shares of Suncor Energy during the third quarter valued at approximately $25,000. Trust Co. of Vermont purchased a new stake in Suncor Energy in the second quarter worth $26,000. Summit Securities Group LLC purchased a new stake in Suncor Energy in the second quarter worth $27,000. Richardson Financial Services Inc. lifted its stake in Suncor Energy by 82.8% in the second quarter. Richardson Financial Services Inc. now owns 724 shares of the oil and gas producer’s stock worth $28,000 after acquiring an additional 328 shares during the period. Finally, Ridgewood Investments LLC purchased a new stake in Suncor Energy in the second quarter worth $29,000. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on SU. Scotiabank dropped 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. TD Securities raised Suncor Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. StockNews.com lowered Suncor Energy from a “buy” rating to a “hold” rating in a research note on Thursday, October 17th. BMO Capital Markets upgraded Suncor Energy from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 7th. Finally, Wolfe Research started coverage on Suncor Energy in a report on Thursday, July 18th. They issued an “outperform” rating and a $68.00 price objective for the company. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $55.83.

Suncor Energy Price Performance

Shares of NYSE:SU opened at $38.60 on Thursday. 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. The business has a fifty day moving average price of $38.91 and a 200-day moving average price of $38.74. The company has a market capitalization of $48.70 billion, a PE ratio of 8.96, a PEG ratio of 2.78 and a beta of 1.12.

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 for the quarter, beating the consensus estimate of $0.76 by $0.51. Suncor Energy had a return on equity of 16.22% and a net margin of 14.40%. The firm had revenue of $12.90 billion during the quarter, compared to the consensus estimate of $9.30 billion. During the same period last year, the company earned $0.71 earnings per share. The company’s revenue was up 10.1% on a year-over-year basis. As a group, equities analysts expect that Suncor Energy Inc. will post 3.53 EPS for the current fiscal year.

Suncor Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were issued a dividend of $0.395 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $1.58 annualized dividend and a dividend yield of 4.09%. Suncor Energy’s payout ratio is presently 37.59%.

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.