Suncor Energy Inc. (NYSE:SU).
Cgov Asset Management sold 92,975 shares in quarter ending 06/30/2017 decreasing its exposure to Suncor Energy Inc. by 1.7%. Its investment stood at $203,079,000 a decrease of $19,554,000 as of quarter end.
Other firms have also shifted positions in (SU). Sprott Inc. divested its investment by shedding 78,100 shares a decrease of 11.0% in the quarter. Sprott Inc. now controls 631,572 shares with a value of $18,442,000. The value of the position overall is down by 15.5%. As of the end of the quarter Nexus Investment Management Inc. had sold 13,069 shares trimming its position 2.7%. The value of the total investment in Suncor Energy Inc. decreased from $14,613,000 to $13,532,000 decreasing 7.4% quarter to quarter.
As of quarter end Gateway Investment Advisers LLC had acquired a total of 116 shares growing its stake by 0.7%. The value of the company’s investment in Suncor Energy Inc. went from $540,000 to $516,000 a change of 4.4% since the last quarter.
Equity analyst National Bank Financial issued its first research report on the stock by announcing an initial rating of “Outperform”. On December 1, 2016 the stock rating was rated “Buy” according to a Desjardins report up from the previous “” rating.
On November 2 the company was upgraded to “Overweight” from “Equal-weight” in a report issued by Morgan Stanley. On October 27 the company was set at “Outperform” in a report from Macquarie which was a boost from the previous “” rating.
On August 19, 2016 Bank of America started covering the stock giving it an initial rating of “Buy”. On June 23, 2016 the stock rating was changed to a “Buy” by Citigroup which is up from the previous “Neutral” rating.
In the market the company is trading up from yesterday’s close of $28.82. Suncor Energy Inc. declared a dividend for shareholders that was paid on Monday the 26th of June 2017. The dividend was $0.218 per share for the quarter which is $0.87 annualized. The dividend yield was $2.69. The ex-dividend date was set for Thursday the 1st of June 2017.
It is currently trading at $29.28 which is just under $30.64, the stock’s 50 day moving average and a tad under the 200 day moving average of $31.30. The 50 day moving average moved down $-1.36 and the 200 day average moved down $-2.02.
The most current P/E ratio is 40.89 and the market value is 48.88B. As of the latest earnings report the EPS was $0.72 and is estimated to be $1.42 for the current year with 1,669,326,000 shares presently outstanding. Next quarter’s EPS is expected be $0.36 with next year’s EPS anticipated to be $1.71.