Vontobel Holding Ltd. Acquires New Holdings in Suncor Energy Inc. $SU

Vontobel Holding Ltd. bought a new stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,443 shares of the oil and gas producer’s stock, valued at approximately $437,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SU. Versant Capital Management Inc increased its holdings in shares of Suncor Energy by 418.9% during the second quarter. Versant Capital Management Inc now owns 493 shares of the oil and gas producer’s stock worth $26,000 after buying an additional 398 shares in the last quarter. Continuum Advisory LLC acquired a new stake in shares of Suncor Energy during the 2nd quarter valued at $27,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Suncor Energy during the 1st quarter valued at $53,000. Eastern Bank boosted its holdings in shares of Suncor Energy by 51.7% during the 2nd quarter. Eastern Bank now owns 1,024 shares of the oil and gas producer’s stock valued at $55,000 after acquiring an additional 349 shares in the last quarter. Finally, Vestor Capital LLC bought a new stake in Suncor Energy during the 1st quarter worth $59,000. Institutional investors own 67.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SU shares. Zacks Research raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Weiss Ratings upgraded Suncor Energy from a “buy (b)” rating to a “buy (a-)” rating in a research report on Thursday, October 8th. Desjardins raised Suncor Energy to a “moderate buy” rating in a research note on Thursday, July 16th. Scotiabank raised Suncor Energy to a “strong-buy” rating in a research note on Friday, June 26th. Finally, Wall Street Zen upgraded Suncor Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 17th. Three analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $79.62.

Suncor Energy Price Performance

SU stock opened at $78.97 on Thursday. The company has a fifty day moving average price of $69.49 and a 200-day moving average price of $65.05. The company has a market capitalization of $92.37 billion, a P/E ratio of 14.54, a PEG ratio of 0.52 and a beta of 0.36. Suncor Energy Inc. has a 52-week low of $38.34 and a 52-week high of $79.77. 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 (NYSE:SU) (TSE:SU) last released its earnings results on Tuesday, August 4th. The oil and gas producer reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $11.68 billion. During the same quarter in the prior year, the firm posted $0.71 EPS. As a group, equities analysts expect that Suncor Energy Inc. will post 8.12 EPS for the current year.

Suncor Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were paid a C$0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, September 4th. Suncor Energy’s dividend payout ratio is currently 31.86%.

Suncor Energy Profile

Suncor Energy Inc is an integrated energy company headquartered in Calgary, Alberta, Canada. Its operations span the energy value chain, including the development, production, upgrading, refining, and marketing of crude oil and petroleum products.

The company is one of Canada’s major oil sands producers, with interests in mining and in situ oil sands projects. Suncor produces bitumen and synthetic crude oil and also has conventional oil and offshore production interests. Its upstream portfolio includes operated and non-operated assets in Canada.

Through its downstream operations, Suncor refines crude oil into gasoline, diesel, jet fuel, asphalt, and other petroleum products.