Natixis Acquires 12,093 Shares of Suncor Energy Inc. (NYSE:SU)
Natixis boosted its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 109.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,172 shares of the oil and gas producer’s stock after buying an additional 12,093 shares during the quarter. Natixis’ holdings in Suncor Energy were worth $943,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of SU. First Republic Investment Management Inc. increased its holdings in Suncor Energy by 9.5% during the 2nd quarter. First Republic Investment Management Inc. now owns 397,311 shares of the oil and gas producer’s stock worth $16,163,000 after purchasing an additional 34,545 shares in the last quarter. Raymond James & Associates boosted its stake in shares of Suncor Energy by 18.9% during the 2nd quarter. Raymond James & Associates now owns 843,032 shares of the oil and gas producer’s stock worth $34,300,000 after buying an additional 133,774 shares during the last quarter. Shepherd Kaplan Krochuk LLC acquired a new position in shares of Suncor Energy during the 2nd quarter worth about $216,000. BB&T Securities LLC acquired a new position in shares of Suncor Energy during the 2nd quarter worth about $224,000. Finally, AMP Capital Investors Ltd boosted its stake in shares of Suncor Energy by 14.8% during the 2nd quarter. AMP Capital Investors Ltd now owns 726,674 shares of the oil and gas producer’s stock worth $29,554,000 after buying an additional 93,683 shares during the last quarter. 65.14% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently issued reports on SU shares. Zacks Investment Research upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Monday, October 8th. Mizuho started coverage on shares of Suncor Energy in a research note on Monday, July 23rd. They issued a “buy” rating for the company. ValuEngine downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, September 11th. JPMorgan Chase & Co. cut shares of Suncor Energy from an “overweight” rating to a “neutral” rating in a report on Tuesday, September 11th. Finally, Macquarie raised shares of Suncor Energy from a “neutral” rating to an “outperform” rating in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $49.43.
Suncor Energy (NYSE:SU) (TSE:SU) last issued its earnings results on Wednesday, July 25th. The oil and gas producer reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.16. Suncor Energy had a net margin of 12.25% and a return on equity of 9.61%. The firm had revenue of $8.08 billion for the quarter, compared to analyst estimates of $6.53 billion. During the same quarter last year, the business posted $0.26 earnings per share. As a group, analysts anticipate that Suncor Energy Inc. will post 2.51 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 25th. Stockholders of record on Tuesday, September 4th were issued a dividend of $0.274 per share. The ex-dividend date was Friday, August 31st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.99%. Suncor Energy’s dividend payout ratio (DPR) is presently 72.85%.
Suncor Energy Company Profile
Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.
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