17 September, 2017
Suncor Energy (TSE:SU) (NYSE:SU) last announced its earnings results on Wednesday, July 26th. UBS Asset Management Americas Inc. now owns 4,658 shares of the oil and gas producer's stock worth $136,000 after purchasing an additional 562 shares during the period. Hennessy Advisors Inc.'s holdings in Suncor Energy were worth $4,833,000 as of its most recent filing with the Securities and Exchange Commission.
SU has been the topic of a number of other reports. CT bought a new stake in shares of Suncor Energy during the third quarter worth about $15,785,000.
Commerzbank Aktiengesellschaft FI increased its position in shares of Suncor Energy Inc. BB&T Corp now owns 7,774 shares of the oil and gas producer's stock worth $239,000 after acquiring an additional 887 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of Suncor Energy by 113.8% during the first quarter.
In other news, insider Steven Walter Williams purchased 1,000 shares of Suncor Energy stock in a transaction on Wednesday, September 6th.
As of the end of the quarter Cidel Asset Management Inc had sold 108,800 shares trimming its stake by 3.0%. The stock has reached the $34.13 mark after a recent check. Volume was down 33.86% under the stocks average daily volume. The 50 day moving average was up $1.95 or +6.07% and the 200 day average went up $3.16 or +10.19%. This company shares are 13.91% off its target price of $38.9 and the current market capitalization stands at $57.02B. Suncor Energy Inc. has a 52 week low of $21.45 and a 52 week high of $33.79.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Tuesday, September 5th will be given a $0.32 dividend. This is a positive change from Suncor Energy 's previous quarterly dividend of $0.22. The dividend payment will be $0.260 per share for the quarter which comes to $1.04 on an annualized basis. The ex-dividend date has been established as Thursday the 31st of August 2017. Scotiabank cut Suncor Energy from an "outperform" rating to a "sector perform" rating and set a C$47.00 price target on the stock.in a report on Friday, June 9th. BidaskClub cut Suncor Energy from a "hold" rating to a "sell" rating in a report on Friday, August 18th. Royal Bank Of Canada reiterated an outperform rating and set a C$50.00 target price on shares of Suncor Energy in a research report on Thursday, June 8th.
11/18/2016 - Suncor Energy Inc. had its "buy" rating reiterated by analysts at TD Securities. Zacks Investment Research upgraded Suncor Energy from a "strong sell" rating to a "hold" rating in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $43.63. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in Suncor Energy by 680.3% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 5,735 shares of the oil and gas producer's stock worth $167,000 after purchasing an additional 5,000 shares during the period. If you are accessing this article on another domain, it was stolen and reposted in violation of global copyright & trademark law. The legal version of this report can be accessed at https://www.dispatchtribunal.com/2017/09/16/suncor-energy-inc-su-pt-raised-to-c42-00.html.
Suncor conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, power and byproducts.
