Castlekeep Investment Advisors LLC Makes New $423,000 Investment in Suncor Energy Inc. (NYSE:SU)

Castlekeep Investment Advisors LLC acquired a new stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 11,846 shares of the oil and gas producer's stock, valued at approximately $423,000.

A number of other large investors also recently bought and sold shares of SU. Vanguard Group Inc. lifted its holdings in shares of Suncor Energy by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 53,019,357 shares of the oil and gas producer's stock worth $1,892,526,000 after buying an additional 323,714 shares during the period. Artisan Partners Limited Partnership increased its position in Suncor Energy by 0.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 24,289,019 shares of the oil and gas producer's stock valued at $865,885,000 after buying an additional 169,700 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Suncor Energy by 0.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 23,308,055 shares of the oil and gas producer's stock valued at $831,631,000 after buying an additional 209,447 shares in the last quarter. Toronto Dominion Bank increased its position in Suncor Energy by 3.0% during the 4th quarter. Toronto Dominion Bank now owns 19,098,225 shares of the oil and gas producer's stock valued at $680,847,000 after buying an additional 552,018 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Suncor Energy by 4.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 10,981,927 shares of the oil and gas producer's stock valued at $391,809,000 after buying an additional 445,613 shares in the last quarter. Hedge funds and other institutional investors own 67.37% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on SU. Bank of America began coverage on Suncor Energy in a research report on Wednesday, February 26th. They set a "neutral" rating on the stock. Scotiabank raised Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Wall Street Zen lowered Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Cibc World Mkts raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Finally, Tudor, Pickering, Holt & Co. raised Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $64.67.

Suncor Energy Stock Performance

Suncor Energy stock traded down $0.26 during midday trading on Friday, hitting $35.50. 1,135,152 shares of the company were exchanged, compared to its average volume of 4,463,235. The firm has a market capitalization of $43.77 billion, a PE ratio of 10.28, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79. Suncor Energy Inc. has a fifty-two week low of $30.79 and a fifty-two week high of $41.95. The business has a fifty day simple moving average of $35.38 and a two-hundred day simple moving average of $37.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 EPS for the quarter, topping the consensus estimate of $0.86 by $0.05. The firm 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 period last year, the company earned $1.41 earnings per share. On average, sell-side analysts forecast that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.4133 per share. The ex-dividend date is Wednesday, June 4th. This represents a $1.65 dividend on an annualized basis and a yield of 4.66%. This is an increase from Suncor Energy's previous quarterly dividend of $0.40. Suncor Energy's dividend payout ratio is currently 45.53%.

Suncor Energy Company 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.