The Vanguard Group, Inc. has recently announced that it has increased stake in Suncor Energy, Inc. (NYSE:SU) by 1.01%. After grabbing 32.62 million shares, the institutional investor is now in possession of 0.33 million shares of the Energy Company. The new investment brought the stake of investor firm to 2.52% having worth around $1.08 billion. Moreover, Arrowstreet Capital LP increased its share by 26.12 million to have a control over 27.01 million shares. And BlackRock Institutional Trust Co raised its holdings to 40443.0 shares by acquiring 23.38 million shares or 1.81% of the stake.
Suncor Energy, Inc. (SU) concluded trading on 12/27/23 at a closing price of $32.36, with 3.54 million shares of worth about $114.6 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 11.47% during that period and on Wednesday the price saw a loss of about -1.04%. Currently the company’s common shares owned by public are about 1.34B shares, out of which, 1.29B shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 20 analysts are covering the SU stock and their offered price forecasts bring an average price target of $53.40. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $74.00 and could fall to a lowest price of $43.00. The stock’s current price level is 17.81% above of average price target set by the analysts, while a rise to estimated low would result in gain of 24.74% for the stock. However, touching the estimated high of $74.00 would mean a gain of 56.27% for the stock.
Dodge & Cox International Stock F, Vanguard Total International Stoc, and Artisan International Value Fund are the top 3 mutual funds which are holding stakes in Suncor Energy, Inc. Dodge & Cox International Stock F is currently holding 29.23 million shares of worth totaling $964.26 million. The company recently came buying 0.0 shares which brought its stake up to 2.26% of the company’s outstanding shares. Vanguard Total International Stoc bought 0.15 million shares, after which its hold over company’s outstanding shares expand to 1.39%, leaving 17.94 million shares with the mutual fund that have a worth of about $591.94 million. Artisan International Value Fund, after buying 15.73 million shares, have now control over 1.22% of the stake in the company. It holds 0.16 million shares of worth $518.95 million.
Suncor Energy, Inc. (NYSE: SU) started trading at $32.58, below -$0.12 from concluding price of the previous day. However, the stock later moved at a day high price of 32.62, or with a loss of -1.04%. Stock saw a price change of 0.72% in past 5 days and over the past one month there was a price change of 0.25%. Year-to-date (YTD), SU shares are showing a performance of 1.99% which increased to 2.73% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $27.59 but also hit the highest price of $35.51 during that period. The average intraday trading volume for Suncor Energy, Inc. shares is 4.89 million. The stock is currently trading 2.38% above its 20-day simple moving average (SMA20), while that difference is down -0.62% for SMA50 and it goes to 2.94% higher than SMA200.
The Vanguard Group, Inc. acquired 32.62 million shares of Suncor Energy, Inc. having value of about $1.08 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.33 million shares in the company valued at close to $10601103.64, or have control over 1.01% stake in the company. Suncor Energy, Inc. (NYSE: SU) currently have 1.34B outstanding shares and institutions hold larger chunk of about 65.93% of that. Holding of mutual funds in the company is about 27.13% while other institutional holders and individual stake holders have control over 39.86% and — of the stake respectively.
The stock has a current market capitalization of $41.91B and its 3Y-monthly beta is at 1.17. PE ratio of stock for trailing 12 months is 7.05, while it has posted earnings per share of $4.59 in the same period. It has Quick Ratio of 0.82 while making debt-to-equity ratio of 0.37. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SU, volatility over the week remained 1.62% while standing at 2.12% over the month.
Analysts are in expectations that Suncor Energy, Inc. (SU) stock would likely to be making an EPS of $0.97 in the current quarter, while forecast for next quarter EPS is $1.12 and it is $4.23 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.77 which is $1.08 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.35 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -39.47% while it is estimated to increase by 0.60% in next year. EPS is likely to shrink at an annualized rate of -8.00% for next 5-years, compared to annual growth of 19.44% made by the stock over the past 5-years.
Analysts at 20 brokerage firms have issued recommendations for the Suncor Energy, Inc. (SU)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.10. Out of those 20 Wall Street analysts, 9 recommended a “Buy” rating, while 11 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
