Inscription Capital LLC Buys Shares of 6,684 Suncor Energy Inc. (NYSE:SU)

Inscription Capital LLC purchased a new position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 6,684 shares of the oil and gas producer's stock, valued at approximately $247,000.

Several other institutional investors have also modified their holdings of the stock. Jupiter Asset Management Ltd. increased its position in Suncor Energy by 2,061.8% during the fourth quarter. Jupiter Asset Management Ltd. now owns 2,438,291 shares of the oil and gas producer's stock worth $86,990,000 after purchasing an additional 2,325,503 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased 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 worth $87,459,000 after buying an additional 2,044,680 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of Suncor Energy by 97.4% during the 4th quarter. Fisher Asset Management LLC now owns 3,734,572 shares of the oil and gas producer's stock worth $133,250,000 after buying an additional 1,842,791 shares during the last quarter. Geode Capital Management LLC raised its position 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 buying an additional 1,737,573 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Suncor Energy by 104.2% in the fourth quarter. Bank of New York Mellon Corp now owns 3,083,440 shares of the oil and gas producer's stock valued at $110,017,000 after acquiring an additional 1,573,726 shares during the last quarter. Hedge funds and other institutional investors own 67.37% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on SU shares. Scotiabank raised Suncor Energy to a "hold" rating in a research note on Wednesday, March 19th. Wall Street Zen downgraded Suncor Energy from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Finally, Bank of America started coverage on shares of Suncor Energy in a report on Wednesday, February 26th. They issued a "neutral" rating on the stock. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $64.67.

Suncor Energy Price Performance

SU stock opened at $40.00 on Thursday. The business's fifty day moving average price is $35.94 and its 200 day moving average price is $36.94. Suncor Energy Inc. has a 12-month low of $30.79 and a 12-month high of $41.95. 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 company has a market capitalization of $48.90 billion, a PE ratio of 11.53, a P/E/G ratio of 3.57 and a beta of 0.79.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.86 by $0.05. The company had revenue of $9.10 billion for the quarter, compared to analyst estimates of $13.39 billion. Suncor Energy had a net margin of 11.95% and a return on equity of 14.90%. During the same period in the prior year, the firm earned $1.41 earnings per share. On average, sell-side analysts anticipate that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be issued a $0.4133 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 4.13%. This is a boost from Suncor Energy's previous quarterly dividend of $0.40. Suncor Energy's payout ratio is 47.84%.

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.

Want to see what other hedge funds are holding SU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.