Wellington Management Group LLP raised its stake in stocks of Suncor Energy by 5.2% in the Q1. Lastly, CIBC Asset Management raised its stake in stocks of Suncor Energy by 4.8% in the Fiscal Q2. As it is, extracting crude from the oil sands is a costly affair and as such, hampers profit margins.
A number of other large investors have also modified their holdings of the stock. HB Financial Group had 3 analyst reports since July 24, 2015 according to SRatingsIntel.
06/27/2017 - National Bank Financial began new coverage on Suncor Energy Inc. giving the company a "outperform" rating. (USA) (NYSE:SU) on Thursday, October 27 to "Outperform" rating. Nomura restated a "buy" rating and set a $45.00 target price on shares of Suncor Energy in a report on Monday, November 7th.
07/11/2017 - Suncor Energy Inc. had its "overweight" rating reiterated by analysts at Barclays. BidaskClub upgraded shares of Suncor Energy from a "sell" rating to a "hold" rating in a research report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company.
11/18/2016 - Suncor Energy Inc. had its "buy" rating reiterated by analysts at TD Securities. Company's 50 Day SMA price is $31.93 and the 200 day SMA is $30.92. Suncor Energy Inc. (USA) (NYSE:SU) has risen 22.43% since September 12, 2016 and is uptrending. The firm has a market capitalization of $55.39 billion, a price-to-earnings ratio of 26.20 and a beta of 0.82.
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04/05/2017 - Suncor Energy Inc. was upgraded to "conviction buy" by analysts at Goldman Sachs.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Tuesday, September 5th will be given a $0.2552 dividend. This represents a $1.02 annualized dividend and a dividend yield of 3.09%. This is a positive change from Suncor Energy 's previous quarterly dividend of $0.24. Suncor Energy 's payout ratio is now 84.43%. Stock?" published on September 11, 2017 as well as Fool.ca's news article titled: "Suncor Energy Inc.: "A Strong Quarter and Room for More Growth" with publication date: "August 23, 2017. Archford Capital Strategies LLC lifted its position in shares of Suncor Energy by 546.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 6,362 shares of the oil and gas producer's stock worth $186,000 after purchasing an additional 2,138 shares in the last quarter. Cetera Investment Advisers acquired a new position in shares of Suncor Energy during the second quarter worth $267,000. First Allied Advisory Services Inc. increased its position in shares of Suncor Energy by 1.3% in the second quarter. First Allied Advisory Services Inc. now owns 7,676 shares of the company's stock worth $208,000 after buying an additional 101 shares during the last quarter. Finally, Colony Group LLC lifted its holdings in shares of Suncor Energy by 3.7% during the second quarter. Colony Group LLC now owns 467,130 shares of the oil and gas producer's stock worth $13,640,000 after purchasing an additional 16,558 shares in the last quarter.
Suncor Energy (Suncor) is an integrated energy company. The Company is focused on developing Canada's petroleum resource basin, Athabasca oil sands. The corporation operates in around three firm segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. the firms Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.