Suncor Energy Inc. (NYSE:SU) Shares Purchased by Cardinal Capital Management Inc.

Cardinal Capital Management Inc. grew its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 0.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,711,026 shares of the oil and gas producer’s stock after purchasing an additional 17,179 shares during the period. Suncor Energy comprises about 5.6% of Cardinal Capital Management Inc.’s holdings, making the stock its 4th largest position. Cardinal Capital Management Inc. owned approximately 0.29% of Suncor Energy worth $137,144,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SU. Cullen Investment Group LTD. increased its position in Suncor Energy by 0.8% during the third quarter. Cullen Investment Group LTD. now owns 33,106 shares of the oil and gas producer’s stock worth $1,222,000 after buying an additional 262 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of Suncor Energy by 6.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 4,879 shares of the oil and gas producer’s stock valued at $186,000 after acquiring an additional 281 shares in the last quarter. Adirondack Trust Co. lifted its holdings in Suncor Energy by 45.6% in the 4th quarter. Adirondack Trust Co. now owns 1,000 shares of the oil and gas producer’s stock worth $34,000 after purchasing an additional 313 shares during the last quarter. Independence Bank of Kentucky lifted its holdings in Suncor Energy by 6.7% in the 1st quarter. Independence Bank of Kentucky now owns 5,050 shares of the oil and gas producer’s stock worth $186,000 after purchasing an additional 315 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in Suncor Energy by 11.0% during the second quarter. Blue Trust Inc. now owns 3,278 shares of the oil and gas producer’s stock worth $121,000 after purchasing an additional 325 shares during the period. 67.37% of the stock is owned by hedge funds and other institutional investors.

Suncor Energy Trading Down 0.2 %

NYSE:SU opened at $40.39 on Friday. The company has a current ratio of 1.46, a quick ratio of 0.93 and a debt-to-equity ratio of 0.26. Suncor Energy Inc. has a 1-year low of $29.45 and a 1-year high of $41.94. The firm has a market capitalization of $51.15 billion, a price-to-earnings ratio of 9.37, a PEG ratio of 2.72 and a beta of 1.12. The business’s 50-day moving average price is $38.96 and its two-hundred day moving average price is $38.67.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its earnings results on Tuesday, August 6th. The oil and gas producer reported $1.27 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.51. Suncor Energy had a return on equity of 16.22% and a net margin of 14.40%. The firm had revenue of $12.90 billion for the quarter, compared to analyst estimates of $9.30 billion. During the same period in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, equities analysts expect that Suncor Energy Inc. will post 3.71 earnings per share for the current year.

Suncor Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were given a dividend of $0.395 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $1.58 annualized dividend and a dividend yield of 3.91%. Suncor Energy’s dividend payout ratio is currently 37.59%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. BMO Capital Markets raised Suncor Energy from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 7th. TD Securities raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. Wolfe Research assumed coverage on shares of Suncor Energy in a report on Thursday, July 18th. They issued an “outperform” rating and a $68.00 price target for the company. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Saturday, September 28th. Finally, Scotiabank decreased their target price on Suncor Energy from $61.00 to $60.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $55.83.

About Suncor Energy

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.