Dockside LLC Takes Position in Suncor Energy Inc. $SU

Dockside LLC bought a new stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the 4th quarter, Holdings Channel reports. The fund bought 35,038 shares of the oil and gas producer’s stock, valued at approximately $1,554,000.

Several other hedge funds also recently modified their holdings of the business. 1 North Wealth Services LLC bought a new position in shares of Suncor Energy in the 4th quarter valued at about $32,000. Atlas Capital Advisors Inc. bought a new position in shares of Suncor Energy in the 4th quarter valued at about $139,000. Kestra Advisory Services LLC boosted its stake in shares of Suncor Energy by 12.1% in the 4th quarter. Kestra Advisory Services LLC now owns 49,267 shares of the oil and gas producer’s stock valued at $2,185,000 after purchasing an additional 5,310 shares during the last quarter. Transamerica Financial Advisors LLC boosted its stake in shares of Suncor Energy by 82.1% in the 4th quarter. Transamerica Financial Advisors LLC now owns 4,209 shares of the oil and gas producer’s stock valued at $187,000 after purchasing an additional 1,897 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Suncor Energy by 31.1% in the 4th quarter. UMB Bank n.a. now owns 2,346 shares of the oil and gas producer’s stock valued at $104,000 after purchasing an additional 557 shares during the last quarter. Institutional investors own 67.37% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on SU. Wall Street Zen lowered shares of Suncor Energy from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 7th. Weiss Ratings lowered shares of Suncor Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. ATB Cormark Capital Markets raised shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, April 1st. The Goldman Sachs Group cut Suncor Energy from a “buy” rating to a “neutral” rating and set a $72.00 price target for the company. in a research note on Friday, June 5th. Finally, Royal Bank Of Canada upped their price target on Suncor Energy from $75.00 to $89.00 and gave the company an “outperform” rating in a research note on Wednesday, April 1st. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.67.

Suncor Energy Price Performance

NYSE SU opened at $61.56 on Friday. The business has a 50 day simple moving average of $64.94 and a 200 day simple moving average of $56.36. Suncor Energy Inc. has a 52-week low of $37.22 and a 52-week high of $70.29. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.92 and a current ratio of 1.42. The stock has a market cap of $72.69 billion, a price-to-earnings ratio of 16.16 and a beta of 0.27.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its earnings results on Tuesday, May 5th. The oil and gas producer reported $1.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.04). Suncor Energy had a return on equity of 13.96% and a net margin of 12.29%.The business had revenue of $10.41 billion for the quarter, compared to the consensus estimate of $9.22 billion. During the same period in the previous year, the company posted $1.31 earnings per share. Analysts anticipate that Suncor Energy Inc. will post 7.07 earnings per share for the current fiscal year.

Suncor Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Thursday, June 4th. Suncor Energy’s dividend payout ratio is presently 45.41%.

Suncor Energy Profile

Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company’s operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.

Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.