<div id="readability-page-1"><p>Suncor Energy (NYSE:SU - Get Free Report) <span>TSE: SU<span></span></span> issued its earnings results on Tuesday. The oil and gas producer reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.22, Zacks reports. Suncor Energy had a net margin of 11.35% and a return on equity of 13.21%. The business had revenue of $9.04 billion for the quarter, compared to the consensus estimate of $8.82 billion. During the same quarter last year, the firm posted $1.48 EPS.</p><div><p><span></span><span>Get <strong>Suncor Energy</strong> alerts:</span></p></div><h2>Suncor Energy Price Performance</h2><ul><li>Traders Are Piling Into Suncor Call Options—Should You?</li></ul><p>Shares of SU traded up $1.75 during trading hours on Wednesday, hitting $41.26. The stock had a trading volume of 8,178,434 shares, compared to its average volume of 4,502,012. The company's fifty day moving average is $40.78 and its two-hundred day moving average is $38.83. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.26 and a quick ratio of 0.77. Suncor Energy has a 52 week low of $30.79 and a 52 week high of $43.48. The stock has a market capitalization of $49.77 billion, a price-to-earnings ratio of 12.70, a P/E/G ratio of 3.52 and a beta of 0.78. </p><h2>Suncor Energy Increases Dividend</h2><p>The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 3rd will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend is Wednesday, December 3rd. This is a positive change from Suncor Energy's previous quarterly dividend of $0.41. Suncor Energy's payout ratio is currently 50.77%. </p><h2>Wall Street Analysts Forecast Growth</h2><ul><li>3 Dividend Stocks Raising Payouts—and Backing It Up With Results</li></ul><p>A number of equities analysts have recently commented on SU shares. Weiss Ratings  reissued a &#34;hold (c+)&#34; rating on shares of Suncor Energy in a research note on Wednesday, October 8th. Wells Fargo &amp; Company started coverage on shares of Suncor Energy in a research note on Friday, October 17th. They set an &#34;equal weight&#34; rating on the stock. Zacks Research downgraded shares of Suncor Energy from a &#34;hold&#34; rating to a &#34;strong sell&#34; rating in a research note on Wednesday, October 15th. Finally, Royal Bank Of Canada  reaffirmed an &#34;outperform&#34; rating and set a $65.00 price target on shares of Suncor Energy in a research note on Friday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, three have issued  a Buy rating, five have assigned  a Hold rating and one  has assigned  a Sell rating to the company's stock. According to data from MarketBeat.com, Suncor Energy presently has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $65.00.</p><p><b>View Our Latest Analysis on SU</b></p><h2>Institutional Investors Weigh In On Suncor Energy</h2><ul><li>Global Value: 3 Stocks Under $10 Riding a Weak Dollar</li></ul><p>Several large investors have recently made changes to their positions in the company. Corient Private Wealth LLC grew its holdings in  Suncor Energy by 82.5% during the 2nd quarter. Corient Private Wealth LLC now owns 1,461,949 shares of the oil and gas producer's stock worth $54,750,000 after acquiring an additional 660,914 shares during the last quarter.  Bank of America Corp DE grew its holdings in  Suncor Energy by 7.2% during the 2nd quarter. Bank of America Corp DE now owns 9,126,124 shares of the oil and gas producer's stock worth $341,773,000 after acquiring an additional 609,833 shares during the last quarter.  Holocene Advisors LP grew its holdings in  Suncor Energy by 32.3% during the 2nd quarter. Holocene Advisors LP now owns 1,201,128 shares of the oil and gas producer's stock worth $44,982,000 after acquiring an additional 293,373 shares during the last quarter.  Alliancebernstein L.P. grew its holdings in  Suncor Energy by 185.9% during the 2nd quarter. Alliancebernstein L.P. now owns 308,028 shares of the oil and gas producer's stock worth $11,536,000 after acquiring an additional 200,295 shares during the last quarter.  Finally, PDT Partners LLC grew its holdings in  Suncor Energy by 80.6% during the 2nd quarter. PDT Partners LLC now owns 329,262 shares of the oil and gas producer's stock worth $12,331,000 after acquiring an additional 146,961 shares during the last quarter. Institutional investors own  67.37% of the company's stock. </p><h2>About Suncor Energy</h2> (Get Free Report)<p>Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.</p><h2>Read More</h2><ul><li>Five stocks we like better than Suncor Energy</li><li>5 discounted opportunities for dividend growth investors</li><li>3 Cash-Rich Stocks With High Growth Potential Right Now</li><li>High Flyers: 3 Natural Gas Stocks for March 2022</li><li>Why Vertical Aerospace Stock Could Double After This Flight Test</li><li>Unveiling The Power Of VWAP: A Key Indicator For Traders</li><li>Amazon: Breakout Confirmed—Here’s Where It Could Go Next</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNV?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNV"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Suncor Energy Right Now?</h2><p>Before you consider Suncor Energy, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Suncor Energy wasn't on the list.</p><p>While Suncor Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Suncor Energy (NYSE:SU) reported quarterly earnings of $1.07 per share, exceeding estimates by $0.22. The company generated $9.04 billion in revenue, surpassing expectations of $8.82 billion. Suncor's net margin was 11.35%, and return on equity stood at 13.21%. The firm also announced a quarterly dividend of $0.60, up from $0.41, with a yield of 5.8%. Analysts have mixed ratings on the stock, with a consensus price target of $65.00. Institutional investors hold 67.37% of Suncor's shares.</p>

Suncor Energy (NYSE:SU) Posts Earnings Results, Beats Estimates By $0.22 EPS