Bearing Point Capital LLC Makes New $5.70 Million Investment in Suncor Energy Inc. (NYSE:SU)

Bearing Point Capital LLC acquired a new stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 159,631 shares of the oil and gas producer's stock, valued at approximately $5,696,000.

A number of other large investors also recently modified their holdings of SU. HHM Wealth Advisors LLC lifted its stake in shares of Suncor Energy by 62.1% during the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer's stock worth $30,000 after buying an additional 325 shares during the period. Crowley Wealth Management Inc. purchased a new stake in Suncor Energy during the 4th quarter valued at about $35,000. Lee Danner & Bass Inc. purchased a new position in shares of Suncor Energy in the fourth quarter worth about $36,000. Golden State Wealth Management LLC purchased a new position in shares of Suncor Energy in the fourth quarter worth about $39,000. Finally, Covestor Ltd boosted its position in Suncor Energy by 30.5% in the fourth quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock valued at $39,000 after buying an additional 256 shares during the last quarter. Hedge funds and other institutional investors own 67.37% of the company's stock.

Suncor Energy Price Performance

Shares of SU traded up $0.63 during trading hours on Friday, hitting $34.88. The stock had a trading volume of 1,336,409 shares, compared to its average volume of 4,561,995. The company's fifty day moving average is $35.60 and its two-hundred day moving average is $37.45. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. Suncor Energy Inc. has a 52 week low of $30.79 and a 52 week high of $41.95. The stock has a market capitalization of $43.01 billion, a price-to-earnings ratio of 10.11, a P/E/G ratio of 2.94 and a beta of 0.79.

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

Suncor Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be paid a dividend of $0.4133 per share. The ex-dividend date is Wednesday, June 4th. This is a positive change from Suncor Energy's previous quarterly dividend of $0.40. This represents a $1.65 annualized dividend and a dividend yield of 4.74%. Suncor Energy's payout ratio is currently 45.24%.

Wall Street Analyst Weigh In

SU has been the subject of a number of analyst reports. StockNews.com cut Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Tudor Pickering upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Bank of America began coverage on shares of Suncor Energy in a research report on Wednesday, February 26th. They issued a "neutral" rating on the stock. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. Finally, Scotiabank raised shares of Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $59.20.

Suncor Energy 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.