Vanguard Personalized Indexing Management LLC Buys 5,856 Shares of Suncor Energy Inc. (NYSE:SU)

Vanguard Personalized Indexing Management LLC lifted its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 15.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 43,191 shares of the oil and gas producer’s stock after acquiring an additional 5,856 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Suncor Energy were worth $1,640,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SU. Sanders Capital LLC raised its holdings in shares of Suncor Energy by 2.8% during the fourth quarter. Sanders Capital LLC now owns 57,318,037 shares of the oil and gas producer’s stock valued at $1,836,470,000 after purchasing an additional 1,568,629 shares during the period. BNP Paribas Financial Markets raised its stake in Suncor Energy by 2,358.4% during the 1st quarter. BNP Paribas Financial Markets now owns 17,209 shares of the oil and gas producer’s stock worth $635,000 after buying an additional 16,509 shares during the period. Empowered Funds LLC bought a new position in Suncor Energy in the first quarter worth approximately $2,940,000. Artisan Partners Limited Partnership grew its stake in Suncor Energy by 0.9% in the fourth quarter. Artisan Partners Limited Partnership now owns 20,530,994 shares of the oil and gas producer’s stock valued at $657,772,000 after acquiring an additional 182,289 shares during the period. Finally, Coldstream Capital Management Inc. bought a new stake in shares of Suncor Energy during the fourth quarter valued at approximately $243,000. 67.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on SU. Raymond James upgraded Suncor Energy to a “hold” rating in a report on Tuesday, May 28th. Scotiabank dropped their price objective on shares of 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. TD Securities upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Wolfe Research initiated coverage on shares of Suncor Energy in a report on Thursday, July 18th. They issued an “outperform” rating and a $68.00 target price on the stock. Finally, BMO Capital Markets upgraded Suncor Energy from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $55.83.

Suncor Energy Stock Down 1.4 %

SU opened at $37.21 on Friday. 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 $47.69 billion, a P/E ratio of 8.29, a PEG ratio of 2.47 and a beta of 1.13. The company’s 50-day moving average is $38.90 and its 200 day moving average is $38.36. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.46 and a quick ratio of 0.93.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its earnings results on Tuesday, August 6th. The oil and gas producer reported $1.27 EPS for the quarter, topping the consensus estimate of $0.76 by $0.51. The firm had revenue of $12.90 billion for the quarter, compared to analysts’ expectations of $9.30 billion. Suncor Energy had a net margin of 14.40% and a return on equity of 16.22%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.71 EPS. Research analysts expect that Suncor Energy Inc. will post 3.71 earnings per share for the current fiscal year.

Suncor Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th will be given a $0.395 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $1.58 annualized dividend and a yield of 4.25%. Suncor Energy’s dividend payout ratio is currently 35.86%.

About Suncor Energy

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.