If investors are looking for a stable dividend stock with upside, Suncor Energy Inc.
11/18/2016 - Suncor Energy Inc. had its " rating reiterated by analysts at RBC Capital. Hedge funds and other institutional investors own 65.22% of the company's stock. BlackRock Inc. now owns 23,556,647 shares of the oil and gas producer's stock worth $724,366,000 after buying an additional 23,556,443 shares in the last quarter. Wellington Management Group LLP now owns 62,617,740 shares of the oil and gas producer's stock valued at $1,922,960,000 after buying an additional 3,103,397 shares during the period. UBS Asset Management Americas Inc. bought a new stake in Suncor Energy during the fourth quarter worth $152,000. BlackRock Inc. boosted its stake in Suncor Energy by 11,547,276.0% in the first quarter. Capstone Asset Management Co. now owns 140,033 shares of the oil and gas producer's stock valued at $4,089,000 after buying an additional 1,070 shares in the last quarter.
Suncor Energy Inc. (NYSE:SU) Independent Oil & Gas has a current market price of 29.64 and the change is 1.16%. The company had a trading volume of 1,951,842 shares. Suncor Energy Inc. Independent Oil & Gas holds an EPS of 0.69 that demonstrates an EPS growth this year at 119.50%. The company has a 50-day moving average price of $30.64 and a 200 day moving average price of $31.30. The stock's market capitalization is 49.60B, it has a 52-week low of 25.70 and a 52-week high of 33.79. Suncor Energy earned a coverage optimism score of 0.39 on Accern's scale. Stock buyback programs are often an indication that the company's management believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 26th. Shareholders of record on Monday, June 5th were given a dividend of $0.2371 per share. The ex-dividend date was Thursday, June 1st. This represents a $0.95 annualized dividend and a dividend yield of 3.18%. Suncor Energy 's payout ratio is 141.79%.
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SU has been the topic of several research analyst reports.
04/05/2017 - Suncor Energy Inc. was upgraded to "conviction buy" by analysts at Goldman Sachs. The stock now has an average rating of "Buy" and an average target price of $42.10. They noted that the move was a valuation call. Zacks Investment Research raised shares of Suncor Energy from a "sell" rating to a "buy" rating and set a $33.00 target price for the company in a research note on Tuesday, July 4th. Scotiabank lowered Suncor Energy from an outperform rating to a sector perform rating in a research note on Friday, June 9th. National Bank Financial started coverage on shares of Suncor Energy in a research note on Tuesday, June 27th.
12/16/2016 - Wells Fargo began new coverage on Suncor Energy Inc. giving the company a "outperform" rating. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of "Buy" and an average target price of $42.10.
Media headlines about Suncor Energy (NYSE:SU) (TSE:SU) have been trending positive recently, according to Accern Sentiment Analysis.