First Bank & Trust Increases Holdings in Suncor Energy Inc. (NYSE:SU)

First Bank & Trust grew its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 8.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,267 shares of the oil and gas producer’s stock after buying an additional 662 shares during the period. First Bank & Trust’s holdings in Suncor Energy were worth $305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of SU. Independence Bank of Kentucky lifted its holdings in shares of Suncor Energy by 6.7% in the 1st quarter. Independence Bank of Kentucky now owns 5,050 shares of the oil and gas producer’s stock valued at $186,000 after purchasing an additional 315 shares during the last quarter. Kathmere Capital Management LLC purchased a new stake in shares of Suncor Energy in the 1st quarter valued at about $230,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Suncor Energy by 6.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 83,731 shares of the oil and gas producer’s stock valued at $3,091,000 after purchasing an additional 5,082 shares during the last quarter. ARGA Investment Management LP lifted its holdings in shares of Suncor Energy by 3.2% in the 1st quarter. ARGA Investment Management LP now owns 1,484,872 shares of the oil and gas producer’s stock valued at $54,803,000 after purchasing an additional 46,133 shares during the last quarter. Finally, Riverview Trust Co purchased a new stake in shares of Suncor Energy in the 1st quarter valued at about $94,000. 67.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SU has been the subject of several research reports. The Goldman Sachs Group boosted their target price on Suncor Energy from $38.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Raymond James upgraded Suncor Energy to a “hold” rating in a research report on Tuesday, May 28th. TD Securities boosted their price target on Suncor Energy from $52.00 to $57.00 and gave the company a “hold” rating in a research report on Wednesday, May 22nd. Morgan Stanley boosted their price target on Suncor Energy from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Finally, StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research report on Monday, June 24th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Suncor Energy presently has an average rating of “Moderate Buy” and a consensus price target of $51.67.

Suncor Energy Stock Performance

NYSE SU opened at $38.10 on Friday. The company has a current ratio of 1.51, a quick ratio of 0.97 and a debt-to-equity ratio of 0.25. The business’s 50 day moving average is $38.76 and its two-hundred day moving average is $35.75. Suncor Energy Inc. has a 12-month low of $28.26 and a 12-month high of $41.50. The stock has a market capitalization of $48.83 billion, a price-to-earnings ratio of 8.49, a PEG ratio of 3.61 and a beta of 1.11.

Suncor Energy (NYSE:SU) (TSE:SU) last released its earnings results on Tuesday, May 7th. The oil and gas producer reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.15. Suncor Energy had a return on equity of 15.69% and a net margin of 15.38%. The company had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $8.64 billion. Research analysts expect that Suncor Energy Inc. will post 3.52 EPS for the current year.

Suncor Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Tuesday, June 4th were issued a $0.395 dividend. This represents a $1.58 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend was Tuesday, June 4th. Suncor Energy’s dividend payout ratio is currently 35.19%.

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.