Suncor Energy Inc. (NYSE:SU) Shares Bought by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 500.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,453,314 shares of the oil and gas producer's stock after buying an additional 2,044,680 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.20% of Suncor Energy worth $87,459,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. HHM Wealth Advisors LLC increased its stake in Suncor Energy by 62.1% during the 4th 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 in the last quarter. Crowley Wealth Management Inc. acquired a new position in shares of Suncor Energy during the 4th quarter worth approximately $35,000. Lee Danner & Bass Inc. acquired a new position in shares of Suncor Energy during the 4th quarter worth approximately $36,000. Golden State Wealth Management LLC acquired a new position in shares of Suncor Energy during the 4th quarter worth approximately $39,000. Finally, Covestor Ltd boosted its holdings in shares of Suncor Energy by 30.5% during the 4th quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock worth $39,000 after purchasing an additional 256 shares during the last quarter. 67.37% of the stock is currently owned by hedge funds and other institutional investors.

Suncor Energy Trading Up 1.0%

SU traded up $0.37 during trading hours on Friday, reaching $35.74. The company's stock had a trading volume of 4,215,880 shares, compared to its average volume of 4,491,344. Suncor Energy Inc. has a fifty-two week low of $30.79 and a fifty-two week high of $41.95. The stock has a market cap of $44.07 billion, a PE ratio of 10.36, a P/E/G ratio of 2.94 and a beta of 0.79. The business's 50-day moving average is $35.55 and its 200-day moving average is $37.24. 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 (NYSE:SU - Get Free Report) TSE: SU last released its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share (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 the consensus estimate of $13.39 billion. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. During the same period in the previous year, the firm earned $1.41 EPS. As a group, equities research 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 declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be paid a $0.4133 dividend. This represents a $1.65 dividend on an annualized basis and a dividend yield of 4.63%. This is an increase from Suncor Energy's previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, June 4th. Suncor Energy's payout ratio is 45.53%.

Analyst Ratings Changes

Several research analysts have recently weighed in on SU shares. Wall Street Zen cut Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Bank of America started coverage on Suncor Energy in a report on Wednesday, February 26th. They set a "neutral" rating on the stock. Cibc World Mkts upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Tudor Pickering upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Finally, Tudor, Pickering, Holt & Co. upgraded Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $64.67.

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.