Easterly Investment Partners LLC Grows Position in Suncor Energy Inc. (NYSE:SU)

Easterly Investment Partners LLC grew its holdings in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 11.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 286,657 shares of the oil and gas producer's stock after acquiring an additional 30,125 shares during the period. Easterly Investment Partners LLC's holdings in Suncor Energy were worth $11,099,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SU. Hanson & Doremus Investment Management raised its holdings in shares of Suncor Energy by 143.5% in the 1st quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer's stock worth $31,000 after acquiring an additional 465 shares during the last quarter. Salem Investment Counselors Inc. raised its holdings in shares of Suncor Energy by 97.6% in the 1st quarter. Salem Investment Counselors Inc. now owns 820 shares of the oil and gas producer's stock worth $32,000 after acquiring an additional 405 shares during the last quarter. Crowley Wealth Management Inc. acquired a new stake in shares of Suncor Energy in the 4th quarter worth about $35,000. Lee Danner & Bass Inc. acquired a new stake in shares of Suncor Energy in the 4th quarter worth about $36,000. Finally, Covestor Ltd raised its holdings in shares of Suncor Energy by 30.5% in the 4th quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock worth $39,000 after acquiring an additional 256 shares during the last quarter. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Suncor Energy Trading Down 0.7%

Shares of Suncor Energy stock traded down $0.26 on Friday, hitting $38.83. The stock had a trading volume of 3,205,791 shares, compared to its average volume of 4,486,389. 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. The stock's 50-day simple moving average is $37.73 and its two-hundred day simple moving average is $37.28. The stock has a market cap of $47.47 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 3.37 and a beta of 0.80.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.05. Suncor Energy had a return on equity of 14.90% and a net margin of 11.95%. The firm had revenue of $9.10 billion during the quarter, compared to analysts' expectations of $13.39 billion. During the same quarter in the previous year, the business earned $1.41 earnings per share. As a group, sell-side analysts predict that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th were issued a $0.4133 dividend. 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 4.26%. Suncor Energy's dividend payout ratio (DPR) is presently 47.84%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Suncor Energy from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Four analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently 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.