Cwm LLC Purchases 894 Shares of Suncor Energy Inc. (NYSE:SU)

Cwm LLC raised its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 20.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,312 shares of the oil and gas producer’s stock after buying an additional 894 shares during the period. Cwm LLC’s holdings in Suncor Energy were worth $196,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Trust Co. of Vermont bought a new stake in Suncor Energy during the 2nd quarter worth approximately $26,000. Summit Securities Group LLC acquired a new stake in shares of Suncor Energy in the 2nd quarter valued at about $27,000. Richardson Financial Services Inc. boosted its holdings 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 in the last quarter. Ridgewood Investments LLC bought a new stake in shares of Suncor Energy during the second quarter valued at approximately $29,000. Finally, ORG Partners LLC acquired a new position in shares of Suncor Energy during the second quarter worth approximately $43,000. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Price Performance

Shares of NYSE:SU opened at $38.60 on Thursday. The company has a 50-day moving average price of $38.91 and a two-hundred day moving average price of $38.74. Suncor Energy Inc. has a twelve month low of $29.45 and a twelve month high of $41.94. The company has a quick ratio of 0.93, a current ratio of 1.46 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $48.70 billion, a PE ratio of 8.96, a P/E/G ratio of 2.63 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 (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.51. The firm had revenue of $12.90 billion during the quarter, compared to analyst estimates of $9.30 billion. Suncor Energy had a return on equity of 16.22% and a net margin of 14.40%. The company’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 earnings per share. Equities analysts forecast that Suncor Energy Inc. will post 3.71 EPS for the current year.

Suncor Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were given a $0.395 dividend. This represents a $1.58 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date was Wednesday, September 4th. Suncor Energy’s dividend payout ratio is presently 37.59%.

Analyst Upgrades and Downgrades

SU has been the subject of several recent research reports. BMO Capital Markets raised shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 7th. TD Securities raised Suncor Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. StockNews.com cut Suncor Energy from a “buy” rating to a “hold” rating in a research report on Thursday, October 17th. Scotiabank lowered their price target on Suncor Energy from $61.00 to $60.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. Finally, Wolfe Research began coverage on shares of Suncor Energy in a report on Thursday, July 18th. They set an “outperform” rating and a $68.00 price objective on the stock. Three equities 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 currently has an average rating of “Moderate Buy” and an average target price of $55.83.

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.