Easterly Investment Partners LLC Purchases 30,125 Shares of Suncor Energy Inc. (NYSE:SU)

Easterly Investment Partners LLC raised its holdings in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 11.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 286,657 shares of the oil and gas producer's stock after buying an additional 30,125 shares during the period. Easterly Investment Partners LLC's holdings in Suncor Energy were worth $11,099,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC grew its stake in Suncor Energy by 250.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 19,811 shares of the oil and gas producer's stock valued at $759,000 after buying an additional 14,163 shares during the last quarter. Sei Investments Co. grew its stake in Suncor Energy by 2.5% in the 4th quarter. Sei Investments Co. now owns 444,201 shares of the oil and gas producer's stock valued at $15,849,000 after buying an additional 10,852 shares during the last quarter. Principal Financial Group Inc. grew its stake in Suncor Energy by 65.0% in the 1st quarter. Principal Financial Group Inc. now owns 16,018,129 shares of the oil and gas producer's stock valued at $620,136,000 after buying an additional 6,311,513 shares during the last quarter. Inscription Capital LLC acquired a new position in Suncor Energy in the 1st quarter valued at about $247,000. Finally, Vident Advisory LLC grew its stake in Suncor Energy by 967.9% in the 4th quarter. Vident Advisory LLC now owns 519,112 shares of the oil and gas producer's stock valued at $18,522,000 after buying an additional 470,500 shares during the last quarter. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Suncor Energy Stock Performance

NYSE SU traded down $0.06 during trading on Thursday, reaching $39.09. The company's stock had a trading volume of 3,177,956 shares, compared to its average volume of 4,477,701. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $47.80 billion, a price-to-earnings ratio of 11.27, a price-to-earnings-growth ratio of 3.36 and a beta of 0.80. Suncor Energy Inc. has a 12 month low of $30.79 and a 12 month high of $41.95. The firm has a 50 day moving average price of $37.56 and a 200 day moving average price of $37.22.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share 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 quarter in the prior year, the firm posted $1.41 EPS. As a group, equities analysts anticipate that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were issued a dividend of $0.4133 per share. This represents a $1.65 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date of this dividend was Wednesday, June 4th. This is an increase from Suncor Energy's previous quarterly dividend of $0.40. Suncor Energy's dividend payout ratio is 47.84%.

Analysts Set New Price Targets

A number of research analysts recently commented on SU shares. Wall Street Zen lowered shares of Suncor Energy from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. Scotiabank raised shares of Suncor Energy to a "hold" rating in a report on Wednesday, March 19th. Four 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. According to data from MarketBeat.com, Suncor Energy presently has an average rating of "Moderate Buy" and a consensus price target of $67.00.

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.