State of Wyoming Invests $701,000 in Suncor Energy Inc. $SU

State of Wyoming bought a new position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 13,058 shares of the oil and gas producer’s stock, valued at approximately $701,000.

A number of other large investors also recently bought and sold shares of SU. Versant Capital Management Inc grew its stake in shares of Suncor Energy by 418.9% during 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 during the period. Atlantic Edge Private Wealth Management LLC lifted its stake in shares of Suncor Energy by 54.9% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 635 shares of the oil and gas producer’s stock valued at $28,000 after purchasing an additional 225 shares during the period. Headlands Technologies LLC purchased a new stake in Suncor Energy during the second quarter worth $31,000. 1 North Wealth Services LLC purchased a new stake in Suncor Energy during the fourth quarter worth $32,000. Finally, Accent Capital Management LLC grew its position in 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 valued at $37,000 after buying an additional 225 shares during the period. 67.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SU has been the subject of a number of recent analyst reports. Zacks Research cut shares of Suncor Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Wall Street Zen cut Suncor Energy from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. Weiss Ratings upgraded Suncor Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 29th. 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 report on Friday, June 5th. Finally, Scotiabank raised Suncor Energy to a “strong-buy” rating in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Suncor Energy presently has a consensus rating of “Moderate Buy” and an average target price of $71.67.

Suncor Energy Stock Performance

NYSE:SU opened at $65.85 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.08 and a current ratio of 1.65. The stock has a market capitalization of $77.75 billion, a PE ratio of 12.13, a P/E/G ratio of 0.49 and a beta of 0.29. Suncor Energy Inc. has a fifty-two week low of $37.76 and a fifty-two week high of $70.29. The company has a fifty day moving average of $60.44 and a two-hundred day moving average of $61.15.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its earnings results 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 net margin of 15.62% and a return on equity of 20.05%. The business had revenue of $13.41 billion for the quarter, compared to analyst estimates of $11.68 billion. During the same quarter last year, the business earned $0.71 earnings per share. As a group, research analysts forecast that Suncor Energy Inc. will post 7.13 earnings per share for the current fiscal year.

Suncor Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, September 4th. Suncor Energy’s payout ratio is 32.04%.

Suncor Energy Company 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.