Suncor Energy Inc. (NYSE:SU) Shares Acquired by First Bank & Trust

First Bank & Trust raised its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 6.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,199 shares of the oil and gas producer’s stock after purchasing an additional 545 shares during the period. First Bank & Trust’s holdings in Suncor Energy were worth $340,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SU. Eastern Bank acquired a new stake in shares of Suncor Energy in the third quarter valued at approximately $25,000. Trust Co. of Vermont purchased a new stake in shares of Suncor Energy in the second quarter valued at about $26,000. Summit Securities Group LLC acquired a new stake in shares of Suncor Energy during the second quarter worth about $27,000. Richardson Financial Services Inc. grew 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 buying an additional 328 shares during the last quarter. Finally, Ridgewood Investments LLC acquired a new position in Suncor Energy in the 2nd quarter valued at about $29,000. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Price Performance

Shares of NYSE:SU opened at $38.96 on Friday. The firm has a market capitalization of $49.93 billion, a price-to-earnings ratio of 8.68, a price-to-earnings-growth ratio of 2.78 and a beta of 1.12. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.46 and a quick ratio of 0.93. The business’s 50 day simple moving average is $38.80 and its 200-day simple moving average is $38.74. Suncor Energy Inc. has a 12 month low of $29.45 and a 12 month high of $41.94.

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 analysts’ consensus estimates of $0.76 by $0.51. Suncor Energy had a return on equity of 16.22% and a net margin of 14.40%. The company had revenue of $12.90 billion for the quarter, compared to the consensus estimate of $9.30 billion. During the same period in the previous year, the business earned $0.71 earnings per share. Suncor Energy’s quarterly revenue was up 10.1% compared to the same quarter last year. As a group, equities analysts forecast that Suncor Energy Inc. will post 3.53 earnings per share for the current fiscal year.

Suncor Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were issued a dividend of $0.395 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $1.58 annualized dividend and a yield of 4.06%. Suncor Energy’s dividend payout ratio (DPR) is currently 35.86%.

Analysts Set New Price Targets

A number of analysts have weighed in on SU shares. Wolfe Research started coverage on Suncor Energy in a research report on Thursday, July 18th. They set an “outperform” rating and a $68.00 price objective for the company. 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. StockNews.com cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Thursday, October 17th. TD Securities upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. Finally, BMO Capital Markets upgraded shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and six 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 a consensus price target of $55.83.

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.