Economy

EPS for Suncor Energy Inc. (USA) (SU) Expected At $0.16

Letko Brosseau & Associates Inc. increased its stake in shares of Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) by 37.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). (USA) (NYSE:SU) has "Hold" rating given on Wednesday, November 18 by TD Securities. About 3.17M shares traded or 14.86% up from the average. Conning Inc. purchased a new stake in Suncor Energy during the third quarter worth about $644,000.

A number of other hedge funds have also made changes to their positions in the business. Crescent Point Energy Corp.: "Here's the Better Buy Today" published on September 21, 2017, Fool.ca published: "Which Stock Is Better for Dividend Investors: "Enbridge Inc. or Suncor Energy Inc.?" on September 13, 2017. Cubic Asset Management LLC now owns 81,518 shares of the oil and gas producer's stock valued at $2,265,000 after buying an additional 830 shares in the last quarter. Northern Trust Corp now owns 1,961,177 shares of the oil and gas producer's stock valued at $57,266,000 after buying an additional 23,101 shares during the last quarter. Gateway Investment Advisers LLC boosted its stake in Cenovus Energy by 0.5% in the second quarter. Public Sector Pension investment Board now owns 3,306,510 shares of the oil and gas producer's stock valued at $96,468,000 after buying an additional 627,900 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its position in Suncor Energy by 50.6% during the second quarter. Highstreet Asset Management Inc. now owns 35,282 shares of the oil and gas company's stock valued at $399,000 after acquiring an additional 782 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in Suncor Energy by 11.6% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 5,735 shares of the oil and gas producer's stock worth $167,000 after acquiring an additional 5,000 shares during the last quarter.

Suncor Energy (TSE SU) declined 0.25% through out intraday market trading on Early Thur, reaching $43.24. (USA) (NYSE:SU) to report earnings on October, 25. If you are viewing this piece of content on another publication, it was copied illegally and reposted in violation of U.S. and global trademark & copyright legislation. The legal version of this story can be viewed at https://stocknewstimes.com/2017/10/01/etrade-capital-management-llc-decreases-position-in-suncor-energy-inc-su.html.

Cenovus Energy Inc (NYSE CVE) opened at 10.14 on Friday. After $0.09 actual EPS reported by Suncor Energy Inc.

Also, the company announced a periodic dividend, to be paid on early Mon, Sep 25th. Shareholders of record on Tuesday, September 5th were paid a dividend of $0.2552 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Thursday, August 31st. This is a boost from Suncor Energy 's previous quarterly dividend of $0.24. Cenovus Energy's dividend payout ratio is now 8.89%. Finally, Barclays PLC restated an "overweight" rating and set a $52.00 target price (up previously from $47.00) on shares of Suncor Energy in a research report on Wednesday, July 12th. (USA) (NYSE:SU) has "Neutral" rating given on Wednesday, April 20 by Citigroup. National Bank Financial started coverage on shares of Suncor Energy in a research note on Tuesday, June 27th. Two brokerage firms recommended the company shares with a hold recommendation and nine have issued a buy recommendation to the firms shares. the share presently has a average recommendation of "Buy" and an average price objective of C$49.08. The stock has "Neutral" rating by Citigroup on Wednesday, September 16. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. Suncor Energy has a consensus rating of "Buy" and an average price target of $42.86. Suncor Energy has a 1 year low of $34.03 has a 1 year high of $44.90. the company has 50 day SMA of $40.29 and a two hundred SMA of $40.55.



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