Cerity Partners LLC Raises Stock Position in Suncor Energy Inc. (NYSE:SU)

Cerity Partners LLC lifted its position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 75.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,121 shares of the oil and gas producer's stock after buying an additional 31,077 shares during the period. Cerity Partners LLC's holdings in Suncor Energy were worth $2,793,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of SU. Principal Financial Group Inc. increased its holdings in shares of Suncor Energy by 65.0% during the 1st quarter. Principal Financial Group Inc. now owns 16,018,129 shares of the oil and gas producer's stock worth $620,136,000 after acquiring an additional 6,311,513 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Suncor Energy by 500.4% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,453,314 shares of the oil and gas producer's stock valued at $87,459,000 after acquiring an additional 2,044,680 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Suncor Energy by 29.5% during the 4th quarter. Geode Capital Management LLC now owns 7,629,169 shares of the oil and gas producer's stock valued at $278,537,000 after acquiring an additional 1,737,573 shares in the last quarter. Two Sigma Investments LP raised its position in Suncor Energy by 168.8% during the 4th quarter. Two Sigma Investments LP now owns 1,729,654 shares of the oil and gas producer's stock worth $61,714,000 after purchasing an additional 1,086,065 shares during the last quarter. Finally, Mufg Securities Canada LTD. raised its position in Suncor Energy by 70.3% during the 4th quarter. Mufg Securities Canada LTD. now owns 1,919,654 shares of the oil and gas producer's stock worth $68,477,000 after purchasing an additional 792,130 shares during the last quarter. 67.37% of the stock is owned by institutional investors and hedge funds.

Suncor Energy Trading Up 1.1%

Shares of NYSE:SU traded up $0.44 during midday trading on Tuesday, hitting $39.14. 2,720,440 shares of the stock traded hands, compared to its average volume of 4,478,428. The stock has a market capitalization of $47.85 billion, a PE ratio of 11.28, a P/E/G ratio of 3.36 and a beta of 0.80. The business's 50 day moving average is $37.73 and its two-hundred day moving average is $37.29. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 0.21. Suncor Energy Inc. has a one year low of $30.79 and a one year high of $41.95.

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, topping analysts' consensus estimates of $0.86 by $0.05. Suncor Energy had a net margin of 11.95% and a return on equity of 14.90%. The company had revenue of $9.10 billion during the quarter, compared to the consensus estimate of $13.39 billion. During the same period in the prior year, the firm earned $1.41 earnings per share. As a group, research 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 announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th were paid a dividend of $0.4133 per share. This is an increase from Suncor Energy's previous quarterly dividend of $0.40. The ex-dividend date was Wednesday, June 4th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 4.22%. Suncor Energy's dividend payout ratio (DPR) is currently 47.84%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Suncor Energy from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Suncor Energy has a consensus rating of "Moderate Buy" and a consensus target price of $66.00.

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.