United Capital Financial Advisors LLC Purchases Shares of 7,616 Suncor Energy Inc. $SU

United Capital Financial Advisors LLC purchased a new position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,616 shares of the oil and gas producer’s stock, valued at approximately $409,000.

Several other hedge funds have also recently modified their holdings of SU. Versant Capital Management Inc boosted its stake in Suncor Energy by 418.9% in the 2nd quarter. Versant Capital Management Inc now owns 493 shares of the oil and gas producer’s stock worth $26,000 after purchasing an additional 398 shares in the last quarter. 1 North Wealth Services LLC acquired a new position in Suncor Energy during the 4th quarter valued at approximately $32,000. Cassaday & Co Wealth Management LLC acquired a new position in Suncor Energy during the 1st quarter valued at approximately $53,000. Headlands Technologies LLC purchased a new position in shares of Suncor Energy in the second quarter worth $31,000. Finally, Accent Capital Management LLC lifted its stake in shares of Suncor Energy by 37.5% during the fourth quarter. Accent Capital Management LLC now owns 825 shares of the oil and gas producer’s stock worth $37,000 after buying an additional 225 shares during the period. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Price Performance

Shares of SU opened at $69.03 on Wednesday. The business’s 50-day moving average is $62.39 and its two-hundred day moving average is $62.29. The company has a market capitalization of $81.51 billion, a P/E ratio of 12.71, a P/E/G ratio of 0.48 and a beta of 0.30. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.08 and a current ratio of 1.65. Suncor Energy Inc. has a fifty-two week low of $37.76 and a fifty-two week high of $70.29.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings data on Tuesday, August 4th. The oil and gas producer reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.19. Suncor Energy had a return on equity of 20.05% and a net margin of 15.62%.The business had revenue of $13.41 billion during the quarter, compared to analysts’ expectations of $11.68 billion. During the same quarter in the previous year, the firm posted $0.71 EPS. Research analysts predict that Suncor Energy Inc. will post 7.39 earnings per share for the current year.

Suncor Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.40 dividend on an annualized basis and a yield of 3.5%. Suncor Energy’s dividend payout ratio is presently 32.04%.

Analysts Set New Price Targets

SU has been the topic of a number of research analyst reports. Desjardins raised shares of Suncor Energy to a “moderate buy” rating in a report on Thursday, July 16th. Morgan Stanley set a $106.00 price target on Suncor Energy in a research report on Wednesday, August 19th. Scotiabank upgraded Suncor Energy to a “strong-buy” rating in a research note on Friday, June 26th. Wall Street Zen lowered Suncor Energy from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Finally, Weiss Ratings upgraded Suncor Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Suncor Energy currently has an average rating of “Moderate Buy” and a consensus target price of $80.25.

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.