7,819 Shares in Suncor Energy Inc. $SU Purchased by Pure Financial Advisors LLC

Pure Financial Advisors LLC bought a new position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,819 shares of the oil and gas producer’s stock, valued at approximately $420,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Suncor Energy in the 2nd quarter valued at approximately $816,551,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Suncor Energy during the 2nd quarter worth approximately $790,952,000. Arrowstreet Capital Limited Partnership raised its position in shares of Suncor Energy by 121.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 26,085,360 shares of the oil and gas producer’s stock valued at $1,724,954,000 after buying an additional 14,304,131 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of Suncor Energy during the 2nd quarter valued at approximately $466,810,000. Finally, Bank of America Corp DE acquired a new position in Suncor Energy in the second quarter valued at approximately $351,892,000. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Suncor Energy Stock Performance

Shares of SU stock opened at $66.43 on Friday. The firm’s 50 day moving average price is $61.73 and its 200-day moving average price is $62.03. 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 Inc. has a one year low of $37.76 and a one year high of $70.29. The firm has a market cap of $78.44 billion, a P/E ratio of 12.23, a P/E/G ratio of 0.47 and a beta of 0.30.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings data on Tuesday, August 4th. The oil and gas producer reported $2.33 earnings per share for the quarter, topping 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 firm had revenue of $13.41 billion during the quarter, compared to analysts’ expectations of $11.68 billion. During the same quarter last year, the company posted $0.71 EPS. As a group, equities research analysts predict that Suncor Energy Inc. will post 7.39 EPS for the current year.

Suncor Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Friday, September 4th. Suncor Energy’s dividend payout ratio (DPR) is currently 32.04%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SU. Morgan Stanley set a $106.00 price objective on Suncor Energy in a research report on Wednesday, August 19th. Weiss Ratings upgraded Suncor Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 29th. Desjardins raised Suncor Energy to a “moderate buy” rating in a research note on Thursday, July 16th. Zacks Research cut Suncor Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Finally, Scotiabank upgraded Suncor Energy to a “strong-buy” rating in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Suncor Energy currently has an average rating of “Moderate Buy” and an average price target of $80.25.

About Suncor Energy

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.