Suncor Energy Inc. $SU Stock Purchased by Vise Technologies Inc.

Vise Technologies Inc. boosted its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 16.2% in the third quarter, HoldingsChannel reports. The firm owned 138,217 shares of the oil and gas producer’s stock after buying an additional 19,255 shares during the period. Vise Technologies Inc.’s holdings in Suncor Energy were worth $9,381,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Cidel Asset Management Inc. grew its position in Suncor Energy by 27.3% during the 3rd quarter. Cidel Asset Management Inc. now owns 479,632 shares of the oil and gas producer’s stock worth $32,600,000 after purchasing an additional 102,735 shares during the period. Summit Global Investments lifted its holdings in shares of Suncor Energy by 488.7% in the 3rd quarter. Summit Global Investments now owns 30,785 shares of the oil and gas producer’s stock valued at $2,089,000 after buying an additional 25,556 shares during the period. Americana Partners LLC acquired a new position in shares of Suncor Energy in the 3rd quarter valued at about $201,000. Aprio Wealth Management LLC lifted its holdings in shares of Suncor Energy by 5.5% in the 3rd quarter. Aprio Wealth Management LLC now owns 5,051 shares of the oil and gas producer’s stock valued at $343,000 after buying an additional 262 shares during the period. Finally, Livelsberger Financial Advisory purchased a new stake in shares of Suncor Energy in the third quarter worth about $25,000. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SU has been the topic of several analyst reports. Zacks Research raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Weiss Ratings raised Suncor Energy from a “buy (b)” rating to a “buy (a-)” rating in a report on Thursday, October 8th. Wall Street Zen raised Suncor Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 17th. Desjardins upgraded Suncor Energy to a “moderate buy” rating in a research report on Thursday, July 16th. Finally, Morgan Stanley set a $106.00 price objective on Suncor Energy in a research report on Wednesday, August 19th. Three research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $79.62.

Suncor Energy Stock Up 0.2%

SU opened at $79.55 on Monday. Suncor Energy Inc. has a fifty-two week low of $38.72 and a fifty-two week high of $80.25. 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 company has a fifty day moving average of $71.06 and a two-hundred day moving average of $63.27. The stock has a market capitalization of $93.04 billion, a price-to-earnings ratio of 14.65, a PEG ratio of 0.27 and a beta of 0.36.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its earnings results on Tuesday, August 4th. The oil and gas producer reported $2.33 earnings per share (EPS) for the quarter, topping 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 period in the prior year, the company posted $0.71 EPS. On average, research analysts expect that Suncor Energy Inc. will post 8.76 earnings per share for the current year.

Suncor Energy Dividend Announcement

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

Suncor Energy Company 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.