Suncor Energy Inc. (NYSE:SU) Shares Purchased by Bessemer Group Inc.

Bessemer Group Inc. raised its position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 104.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 95,093 shares of the oil and gas producer's stock after buying an additional 48,610 shares during the quarter. Bessemer Group Inc.'s holdings in Suncor Energy were worth $3,686,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SU. Jones Financial Companies Lllp raised its stake in shares of Suncor Energy by 86.0% during the fourth quarter. Jones Financial Companies Lllp now owns 67,848 shares of the oil and gas producer's stock worth $2,421,000 after purchasing an additional 31,366 shares during the last quarter. Sage Investment Counsel LLC purchased a new stake in shares of Suncor Energy during the fourth quarter worth approximately $300,000. Bank of New York Mellon Corp raised its stake in shares of Suncor Energy by 104.2% during the fourth quarter. Bank of New York Mellon Corp now owns 3,083,440 shares of the oil and gas producer's stock worth $110,017,000 after purchasing an additional 1,573,726 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Suncor Energy by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,457,325 shares of the oil and gas producer's stock worth $159,030,000 after purchasing an additional 99,669 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its stake in shares of Suncor Energy by 250.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 19,811 shares of the oil and gas producer's stock worth $759,000 after purchasing an additional 14,163 shares during the last quarter. Hedge funds and other institutional investors own 67.37% of the company's stock.

Suncor Energy Price Performance

Suncor Energy stock traded down $0.44 during trading hours on Friday, hitting $37.53. The stock had a trading volume of 6,582,328 shares, compared to its average volume of 4,474,124. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.39 and a quick ratio of 0.84. The stock has a market capitalization of $45.89 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 3.27 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 stock's fifty day moving average is $36.65 and its two-hundred day moving average is $36.94.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.05. The business 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 14.90% and a net margin of 11.95%. During the same quarter last year, the company earned $1.41 earnings per share. As a group, analysts predict that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th were paid a dividend of $0.4133 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 4.40%. This is a positive change from Suncor Energy's previous quarterly dividend of $0.40. Suncor Energy's dividend payout ratio (DPR) is presently 47.84%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on SU shares. Scotiabank upgraded Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Wall Street Zen cut Suncor Energy from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $64.67.

About Suncor Energy

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.