Natixis Advisors LLC Acquires 11,125 Shares of Suncor Energy Inc. $SU

Natixis Advisors LLC grew its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 2.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 497,044 shares of the oil and gas producer’s stock after acquiring an additional 11,125 shares during the period. Natixis Advisors LLC’s holdings in Suncor Energy were worth $20,781,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. CWA Asset Management Group LLC increased its holdings in Suncor Energy by 64.9% in the 3rd quarter. CWA Asset Management Group LLC now owns 117,779 shares of the oil and gas producer’s stock valued at $4,924,000 after acquiring an additional 46,342 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Suncor Energy by 0.6% during the 3rd quarter. Principal Financial Group Inc. now owns 18,854,921 shares of the oil and gas producer’s stock valued at $789,213,000 after purchasing an additional 106,765 shares during the last quarter. Ontario Teachers Pension Plan Board boosted its holdings in shares of Suncor Energy by 15.6% during the 2nd quarter. Ontario Teachers Pension Plan Board now owns 315,278 shares of the oil and gas producer’s stock valued at $11,818,000 after purchasing an additional 42,506 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Suncor Energy by 45.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 723,965 shares of the oil and gas producer’s stock valued at $29,871,000 after purchasing an additional 227,197 shares in the last quarter. Finally, Picton Mahoney Asset Management grew its position in shares of Suncor Energy by 314.8% during the third quarter. Picton Mahoney Asset Management now owns 627,313 shares of the oil and gas producer’s stock valued at $26,246,000 after purchasing an additional 476,077 shares in the last quarter. Institutional investors own 67.37% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Suncor Energy in a research report on Monday, December 29th. Royal Bank Of Canada raised their price target on Suncor Energy from $69.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Zacks Research downgraded Suncor Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. JPMorgan Chase & Co. raised Suncor Energy from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $46.15 to $54.00 in a report on Tuesday, January 20th. Finally, Wall Street Zen downgraded Suncor Energy from a “buy” rating to a “hold” rating in a research report on Sunday, December 28th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $61.00.

Suncor Energy Price Performance

NYSE:SU opened at $58.22 on Thursday. The firm has a market capitalization of $69.27 billion, a price-to-earnings ratio of 16.78 and a beta of 0.43. Suncor Energy Inc. has a 1 year low of $30.79 and a 1 year high of $58.63. The business has a 50 day simple moving average of $52.69 and a 200-day simple moving average of $45.81. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 0.89.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its earnings results on Tuesday, February 3rd. The oil and gas producer reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. The firm had revenue of $8.77 billion during the quarter, compared to analysts’ expectations of $8.79 billion. Suncor Energy had a return on equity of 12.51% and a net margin of 11.99%.During the same quarter in the previous year, the business earned $1.25 EPS. Equities analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, March 4th. Suncor Energy’s payout ratio is presently 50.72%.

Suncor Energy 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.