Pring Turner Capital Group Inc. cut its stake in shares of Suncor Energy Inc. (NYSE:SU) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 54,805 shares of the company’s stock after selling 500 shares during the period. Suncor Energy makes up about 2.0% of Pring Turner Capital Group Inc.’s investment portfolio, making the stock its 26th largest position. Pring Turner Capital Group Inc.’s holdings in Suncor Energy were worth $1,520,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. Checchi Capital Advisers LLC increased its stake in Suncor Energy by 5.8% in the second quarter. Checchi Capital Advisers LLC now owns 6,801 shares of the company’s stock valued at $189,000 after buying an additional 372 shares in the last quarter. Bessemer Group Inc. increased its stake in Suncor Energy by 213.9% in the first quarter. Bessemer Group Inc. now owns 7,299 shares of the company’s stock valued at $203,000 after buying an additional 4,974 shares in the last quarter. Advisory Services Network LLC increased its stake in Suncor Energy by 36.2% in the second quarter. Advisory Services Network LLC now owns 8,270 shares of the company’s stock valued at $229,000 after buying an additional 2,200 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in Suncor Energy by 18.7% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 8,845 shares of the company’s stock valued at $245,000 after buying an additional 1,395 shares in the last quarter. Finally, Simmons Bank bought a new stake in Suncor Energy during the first quarter valued at about $260,000. Institutional investors and hedge funds own 64.08% of the company’s stock.
Shares of Suncor Energy Inc. (NYSE:SU) traded up 0.405% on Monday, hitting $28.545. 1,184,685 shares of the stock traded hands. Suncor Energy Inc. has a one year low of $18.71 and a one year high of $30.70. The company’s market cap is $47.51 billion. The stock has a 50 day moving average of $27.20 and a 200 day moving average of $27.41.
Suncor Energy (NYSE:SU) last posted its earnings results on Wednesday, July 27th. The company reported ($0.36) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.21) by $0.15. Suncor Energy had a negative net margin of 11.29% and a negative return on equity of 1.59%. During the same quarter in the previous year, the firm posted $0.63 EPS. Equities analysts anticipate that Suncor Energy Inc. will post ($0.35) earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 26th. Investors of record on Tuesday, September 6th were given a dividend of $0.2194 per share. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $0.88 dividend on an annualized basis and a yield of 3.09%. Suncor Energy’s payout ratio is -60.54%.
Several equities research analysts have issued reports on the company. Scotiabank restated an “outperform” rating and set a $37.00 target price on shares of Suncor Energy in a research report on Saturday, June 25th. Zacks Investment Research raised shares of Suncor Energy from a “sell” rating to a “hold” rating in a report on Friday, June 24th. Barclays PLC reaffirmed an “overweight” rating and issued a $50.00 price target (up previously from $48.00) on shares of Suncor Energy in a report on Monday, October 10th. TD Securities reaffirmed a “buy” rating and issued a $41.00 price target on shares of Suncor Energy in a report on Thursday, July 28th. Finally, RBC Capital Markets reaffirmed an “outperform” rating and issued a $42.00 price target on shares of Suncor Energy in a report on Sunday, October 2nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Suncor Energy currently has an average rating of “Buy” and an average price target of $39.16.
Suncor Energy Company Profile
Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.