Suncor Energy Inc. (NYSE:SU).
Cgov Asset Management decreased its stake in Suncor Energy Inc. stock by 92,975 shares as of the end of the last quarter. Its stake stood at $203,079,000 a decrease of $19,554,000 according to the filing.
Here are some other firms who have updated their holdings. Sprott Inc. trimmed its stake by selling 78,100 shares a decrease of 11.0% from 03/31/2017 to 06/30/2017. Sprott Inc. currently owns 631,572 shares worth $18,442,000. The value of the position overall is down by 15.5%. As of quarter end Nexus Investment Management Inc. had disposed of a total of 13,069 shares trimming its holdings by 2.7%. The value in dollars decreased from $14,613,000 to $13,532,000 decreasing 7.4% for the reporting period.
As of the end of the quarter Gateway Investment Advisers LLC had bought 116 shares growing its stake by 0.7%. The value of the total investment in Suncor Energy Inc. went from $540,000 to $516,000 a change of 4.4% quarter over quarter.
On June 27 analysts at National Bank Financial started coverage with an initial rating of “Outperform”. On December 1 the company was changed to a “Buy” in a report from Desjardins which is up from the previous “” rating.
On November 2, 2016 the stock rating was set at “Overweight” by Morgan Stanley up from the previous “Equal-weight” rating. On October 27 the stock rating was upgraded from “” to “Outperform” by Macquarie.
On August 19, 2016 Bank of America starting coverage on the stock giving it an initial rating of “Buy”. On June 23 the company was upgraded to “Buy” from “Neutral” in a statement from Citigroup.
The company is trading up by 1.60% since yesterday’s close of $28.82. The company declared a dividend which was paid on Monday June 26th, 2017. The dividend payment was $0.218 per share for the quarter which comes to $0.87 on an annualized basis. This dividend represents a yield of $2.69. The ex-dividend date was set for Thursday the 1st of June 2017.
Shares last traded at $29.28 which is just a bit below $30.64, the stock’s 50 day moving average and which is slightly below the 200 day moving average of $31.30. The 50 day moving average was down $-1.36 whereas the 200 day average was down by -6.45%.
The company’s P/E ratio is 40.89 and the market cap of the company is 48.88B. As of the last earnings report the EPS was $0.72 and is projected to be $1.42 for the current year with 1,669,326,000 shares now outstanding. Next quarter’s EPS is estimated at $0.36 and the next full year EPS is anticipated to be $1.71.