Suncor Energy Inc. $SU Shares Sold by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc lowered its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 12.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 73,172 shares of the oil and gas producer’s stock after selling 10,000 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Suncor Energy were worth $3,252,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Atlantic Edge Private Wealth Management LLC increased its position in shares of Suncor Energy by 54.9% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 635 shares of the oil and gas producer’s stock worth $28,000 after acquiring an additional 225 shares in the last quarter. Richardson Financial Services Inc. lifted its holdings in shares of Suncor Energy by 64.1% during the 3rd quarter. Richardson Financial Services Inc. now owns 704 shares of the oil and gas producer’s stock valued at $29,000 after acquiring an additional 275 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Suncor Energy by 95.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 793 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 388 shares during the period. Headlands Technologies LLC acquired a new stake in Suncor Energy in the 2nd quarter valued at $31,000. Finally, Maseco LLP acquired a new stake in Suncor Energy in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 67.37% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on SU shares. The Goldman Sachs Group boosted their price objective on Suncor Energy from $66.00 to $73.00 and gave the stock a “buy” rating in a research note on Wednesday, April 1st. JPMorgan Chase & Co. upgraded Suncor Energy from a “neutral” rating to an “overweight” rating and increased their target price for the company from $46.15 to $54.00 in a research note on Tuesday, January 20th. Royal Bank Of Canada boosted their price target on Suncor Energy from $75.00 to $89.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 1st. Zacks Research upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 2nd. Finally, ATB Cormark Capital Markets raised shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, April 1st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $72.00.

Key Headlines Impacting Suncor Energy

Here are the key news stories impacting Suncor Energy this week:

• Positive Sentiment: Company reported strong operating results: a reported C$2.1 billion profit and record Q1 production, which supports cash flow and upstream resilience. Suncor posts $2.1B profit with record output in Q1
• Positive Sentiment: Revenue came in well above some estimates (C$10.41B reported vs. ~C$9.22B consensus), indicating stronger top‑line commodity realizations during the quarter. Suncor Q1 results (MarketBeat)
• Positive Sentiment: Board approved a quarterly dividend of CAD 0.60 per share (payable June 25; ex‑dividend June 4), supporting income investors — implied yield ~3.6%. Suncor Energy declares dividend
• Neutral Sentiment: Company filed its formal Q1 report and slide deck/press release (unaudited IFRS figures); full details may affect analyst revisions once parsed. Suncor Q1 report (Newsfile)
• Neutral Sentiment: Annual General Meeting voting results were reported with ~71% of shares represented; no items flagged as market‑moving in the release. AGM voting results
• Negative Sentiment: Reported EPS of $1.41 missed the Zacks/Street consensus (~$1.45) by ~$0.04, which can trigger short‑term selling and analyst model revisions despite strong revenue — this appears to be the main catalyst for the negative stock move. Suncor Energy (SU) Lags Q1 Earnings Estimates

Suncor Energy Stock Performance

NYSE:SU opened at $64.46 on Thursday. The firm has a 50-day moving average of $62.47 and a two-hundred day moving average of $51.99. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 0.89. The stock has a market cap of $76.33 billion, a P/E ratio of 16.92 and a beta of 0.31. Suncor Energy Inc. has a 1-year low of $33.50 and a 1-year high of $70.29.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings results on Tuesday, May 5th. The oil and gas producer reported $1.41 EPS for the quarter, missing the consensus estimate of $1.45 by ($0.04). Suncor Energy had a return on equity of 14.06% and a net margin of 12.29%.The business had revenue of $10.41 billion during the quarter, compared to analyst estimates of $9.22 billion. During the same quarter last year, the firm posted $1.31 EPS. On average, research analysts expect that Suncor Energy Inc. will post 6.72 earnings per share for the current fiscal year.

Suncor Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Thursday, June 4th. Suncor Energy’s payout ratio is 50.72%.

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.