Bearing Point Capital LLC Acquires New Holdings in Suncor Energy Inc. (NYSE:SU)

Bearing Point Capital LLC acquired a new position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 159,631 shares of the oil and gas producer's stock, valued at approximately $5,696,000.

Other hedge funds have also recently made changes to their positions in the company. HHM Wealth Advisors LLC grew its stake in shares of Suncor Energy by 62.1% in the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer's stock worth $30,000 after acquiring an additional 325 shares in the last quarter. Crowley Wealth Management Inc. acquired a new position in Suncor Energy during the 4th quarter worth $35,000. Lee Danner & Bass Inc. purchased a new stake in Suncor Energy during the 4th quarter worth about $36,000. Golden State Wealth Management LLC acquired a new stake in Suncor Energy in the 4th quarter valued at about $39,000. Finally, Covestor Ltd boosted its stake in shares of Suncor Energy by 30.5% in the 4th 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 period. Hedge funds and other institutional investors own 67.37% of the company's stock.

Wall Street Analysts Forecast Growth

SU has been the topic of several analyst reports. Bank of America assumed coverage on shares of Suncor Energy in a report on Wednesday, February 26th. They issued a "neutral" rating on the stock. Cibc World Mkts raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. Tudor, Pickering, Holt & Co. raised Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Scotiabank upgraded shares of Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Finally, StockNews.com downgraded shares of Suncor Energy from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $59.20.

Suncor Energy Stock Performance

Shares of NYSE:SU traded down $1.13 during midday trading on Wednesday, hitting $33.99. The stock had a trading volume of 14,195,864 shares, compared to its average volume of 4,560,093. 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. The stock has a 50 day moving average price of $35.72 and a two-hundred day moving average price of $37.50. The company has a market capitalization of $41.91 billion, a PE ratio of 9.85, a P/E/G ratio of 2.94 and a beta of 0.79.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 15.37% and a net margin of 11.80%. During the same quarter in the previous year, the company earned $1.41 EPS. As a group, equities analysts predict that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The company also recently declared 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. This is a positive change from Suncor Energy's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.65 annualized dividend and a dividend yield of 4.86%. Suncor Energy's payout ratio is 45.51%.

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.