Aprio Wealth Management LLC Purchases New Holdings in Suncor Energy Inc. (NYSE:SU)

Aprio Wealth Management LLC acquired a new position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 5,816 shares of the oil and gas producer’s stock, valued at approximately $215,000.

Other institutional investors also recently made changes to their positions in the company. Richardson Financial Services Inc. bought a new stake in shares of Suncor Energy in the fourth quarter worth $25,000. Trust Co. of Vermont acquired a new position in Suncor Energy during the 2nd quarter worth $26,000. Summit Securities Group LLC bought a new stake in shares of Suncor Energy in the 2nd quarter worth about $27,000. Ridgewood Investments LLC acquired a new stake in shares of Suncor Energy in the 2nd quarter valued at about $29,000. Finally, Adirondack Trust Co. lifted its position in shares of Suncor Energy by 45.6% during the fourth quarter. Adirondack Trust Co. now owns 1,000 shares of the oil and gas producer’s stock worth $34,000 after purchasing an additional 313 shares during the last quarter. 67.37% of the stock is owned by institutional investors and hedge funds.

Suncor Energy Stock Performance

SU stock opened at $39.27 on Wednesday. Suncor Energy Inc. has a 1 year low of $29.45 and a 1 year high of $41.94. The stock has a market capitalization of $50.32 billion, a price-to-earnings ratio of 8.75, a PEG ratio of 2.60 and a beta of 1.12. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.93 and a current ratio of 1.46. The stock’s fifty day moving average is $38.84 and its two-hundred day moving average is $38.59.

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 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 for the quarter, compared to the consensus estimate of $9.30 billion. During the same period last year, the firm posted $0.71 EPS. Suncor Energy’s quarterly revenue was up 10.1% compared to the same quarter last year. On average, research analysts predict 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. This represents a $1.58 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date was Wednesday, September 4th. Suncor Energy’s dividend payout ratio (DPR) is 35.86%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SU. StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Saturday, September 28th. BMO Capital Markets upgraded Suncor Energy from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 7th. Scotiabank reduced their price objective on 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 set an “outperform” rating and a $68.00 target price for the company. Finally, TD Securities upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research 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. Based on data from MarketBeat.com, Suncor Energy currently 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.