21,675 Shares in Suncor Energy Inc. $SU Purchased by Osmosis Investment Management UK Ltd

Key Points

• Osmosis Investment Management purchased 21,675 Suncor Energy shares worth approximately $1.17 million, while institutional investors collectively own 67.37% of the company.
• Suncor exceeded quarterly expectations, reporting $2.33 in EPS versus the $2.14 consensus estimate and revenue of $13.41 billion, well above forecasts.
• The company declared a quarterly dividend of $0.60 per share, or $2.40 annualized, representing a 3.6% yield; analysts maintain a “Moderate Buy” consensus with an average price target of $80.25.

Osmosis Investment Management UK Ltd acquired a new stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 21,675 shares of the oil and gas producer's stock, valued at approximately $1,166,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc lifted its stake in shares of Suncor Energy by 418.9% in the second quarter. Versant Capital Management Inc now owns 493 shares of the oil and gas producer's stock worth $26,000 after buying an additional 398 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Suncor Energy during the second quarter valued at approximately $31,000. 1 North Wealth Services LLC bought a new stake in shares of Suncor Energy during the fourth quarter valued at approximately $32,000. Accent Capital Management LLC increased its position in shares of Suncor Energy by 37.5% during the fourth quarter. Accent Capital Management LLC now owns 825 shares of the oil and gas producer's stock valued at $37,000 after acquiring an additional 225 shares in the last quarter. Finally, Summit Securities Group LLC purchased a new position in Suncor Energy in the 4th quarter worth approximately $44,000. 67.37% of the stock is currently owned by institutional investors.

Suncor Energy Stock Down 1.6%

Shares of Suncor Energy stock opened at $67.35 on Tuesday. Suncor Energy Inc. has a twelve month low of $37.76 and a twelve month high of $70.29. The company has a quick ratio of 1.08, a current ratio of 1.65 and a debt-to-equity ratio of 0.19. The company's 50 day moving average is $61.17 and its 200 day moving average is $61.77. The company has a market cap of $79.53 billion, a price-to-earnings ratio of 12.40, a price-to-earnings-growth ratio of 0.49 and a beta of 0.29.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its earnings results on Tuesday, August 4th. The oil and gas producer reported $2.33 EPS for the quarter, topping analysts' consensus estimates of $2.14 by $0.19. The business had revenue of $13.41 billion during the quarter, compared to the consensus estimate of $11.68 billion. Suncor Energy had a net margin of 15.62% and a return on equity of 20.05%. During the same quarter in the previous year, the firm posted $0.71 EPS. Research analysts anticipate that Suncor Energy Inc. will post 7.39 EPS for the current year.

Suncor Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.40 annualized dividend and a dividend yield of 3.6%. Suncor Energy's payout ratio is presently 32.04%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SU shares. Scotiabank raised Suncor Energy to a "strong-buy" rating in a research report on Friday, June 26th. Weiss Ratings raised Suncor Energy from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, July 29th. Zacks Research cut Suncor Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 4th. Morgan Stanley set a $106.00 price target on Suncor Energy in a report on Wednesday, August 19th. Finally, Wall Street Zen cut Suncor Energy from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $80.25.

Suncor Energy Company Profile

Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company's operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.

Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.

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