Alyeska Investment Group L.P. Acquires 336,796 Shares of Suncor Energy Inc. (NYSE:SU)

Alyeska Investment Group L.P. grew its holdings in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 35.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,285,828 shares of the oil and gas producer's stock after acquiring an additional 336,796 shares during the quarter. Alyeska Investment Group L.P. owned 0.10% of Suncor Energy worth $45,878,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. World Investment Advisors LLC lifted its stake in shares of Suncor Energy by 5.9% in the third quarter. World Investment Advisors LLC now owns 15,641 shares of the oil and gas producer's stock valued at $577,000 after buying an additional 865 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Suncor Energy in the 3rd quarter worth approximately $104,000. Tidal Investments LLC lifted its position in shares of Suncor Energy by 59.6% in the 3rd quarter. Tidal Investments LLC now owns 21,971 shares of the oil and gas producer's stock worth $811,000 after acquiring an additional 8,207 shares during the period. Peapack Gladstone Financial Corp bought a new stake in shares of Suncor Energy during the third quarter valued at approximately $206,000. Finally, Franklin Resources Inc. increased its position in shares of Suncor Energy by 0.8% during the third quarter. Franklin Resources Inc. now owns 3,619,354 shares of the oil and gas producer's stock valued at $146,948,000 after purchasing an additional 29,014 shares during the period. 67.37% of the stock is owned by institutional investors.

Suncor Energy Trading Down 3.2 %

Shares of SU traded down $1.13 during trading hours on Wednesday, hitting $33.99. 14,195,864 shares of the stock traded hands, compared to its average volume of 4,560,093. The business has a fifty day moving average of $35.72 and a 200-day moving average of $37.50. The firm has a market capitalization of $41.91 billion, a PE ratio of 9.85, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79. Suncor Energy Inc. has a 1-year low of $30.79 and a 1-year high of $41.95. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.05. The company had revenue of $9.10 billion for the quarter, compared to analyst estimates of $13.39 billion. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. During the same quarter last year, the firm earned $1.41 EPS. Analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.4133 per share. This is a boost from Suncor Energy's previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, June 4th. This represents a $1.65 annualized dividend and a dividend yield of 4.86%. Suncor Energy's payout ratio is presently 45.51%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SU shares. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Royal Bank of Canada reissued an "outperform" rating and issued a $66.00 target price on shares of Suncor Energy in a research note on Tuesday, January 7th. Bank of America began coverage on shares of Suncor Energy in a research note on Wednesday, February 26th. They set a "neutral" rating for the company. Scotiabank upgraded Suncor Energy to a "hold" rating in a research note on Wednesday, March 19th. Finally, Tudor Pickering upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $59.20.

Suncor Energy Company Profile

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.