Suncor Energy Inc. (NYSE:SU) Shares Bought by Axa S.A.

Axa S.A. grew its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 8.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,499 shares of the oil and gas producer’s stock after acquiring an additional 2,734 shares during the quarter. Axa S.A.’s holdings in Suncor Energy were worth $1,353,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Trust Co. of Vermont acquired a new position in Suncor Energy in the 2nd quarter valued at about $26,000. Summit Securities Group LLC acquired a new stake in shares of Suncor Energy during the second quarter worth $27,000. Richardson Financial Services Inc. lifted its holdings in shares of Suncor Energy by 82.8% during the second quarter. Richardson Financial Services Inc. now owns 724 shares of the oil and gas producer’s stock worth $28,000 after purchasing an additional 328 shares during the period. Ridgewood Investments LLC purchased a new position in Suncor Energy in the 2nd quarter valued at $29,000. Finally, Adirondack Trust Co. raised its position in 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 last quarter. 67.37% of the stock is currently owned by hedge funds and other institutional investors.

Suncor Energy Stock Up 4.3 %

Suncor Energy stock opened at $38.49 on Wednesday. Suncor Energy Inc. has a fifty-two week low of $29.45 and a fifty-two week high of $41.94. The firm has a market capitalization of $48.90 billion, a price-to-earnings ratio of 8.57, a price-to-earnings-growth ratio of 2.48 and a beta of 1.13. The stock’s fifty day moving average is $38.73 and its two-hundred day moving average is $38.49. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.93 and a current ratio of 1.46.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its 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 net margin of 14.40% and a return on equity of 16.22%. 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 firm posted $0.71 EPS. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. Analysts predict that Suncor Energy Inc. will post 3.71 EPS for the current fiscal year.

Suncor Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were paid a $0.395 dividend. This represents a $1.58 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend was Wednesday, September 4th. Suncor Energy’s payout ratio is currently 36.08%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SU shares. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Saturday. Scotiabank dropped their target price on Suncor Energy from $61.00 to $60.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. TD Securities raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Wolfe Research initiated coverage on Suncor Energy in a report on Thursday, July 18th. They set an “outperform” rating and a $68.00 price objective on the stock. Finally, BMO Capital Markets raised Suncor Energy from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 7th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Suncor Energy presently has an average rating of “Moderate Buy” and a consensus target price 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.