Suncor Energy Inc. (NYSE:SU) Shares Purchased by Man Group plc

Man Group plc increased its stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 51.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,555 shares of the oil and gas producer's stock after buying an additional 38,921 shares during the quarter. Man Group plc's holdings in Suncor Energy were worth $4,087,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in SU. Covestor Ltd raised its position in Suncor Energy by 30.5% during the 4th quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock worth $39,000 after buying an additional 256 shares during the last quarter. Principal Securities Inc. increased its stake in shares of Suncor Energy by 2.2% in the fourth quarter. Principal Securities Inc. now owns 12,423 shares of the oil and gas producer's stock worth $443,000 after acquiring an additional 265 shares during the period. Stifel Financial Corp raised its holdings in shares of Suncor Energy by 0.3% during the fourth quarter. Stifel Financial Corp now owns 95,508 shares of the oil and gas producer's stock worth $3,408,000 after purchasing an additional 265 shares during the last quarter. X Square Capital LLC lifted its position in Suncor Energy by 0.3% during the fourth quarter. X Square Capital LLC now owns 82,720 shares of the oil and gas producer's stock valued at $2,951,000 after purchasing an additional 267 shares during the period. Finally, UMB Bank n.a. boosted its holdings in Suncor Energy by 27.5% in the fourth quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer's stock valued at $50,000 after purchasing an additional 300 shares during the last quarter. 67.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SU has been the topic of a number of recent research reports. Bank of America started coverage on Suncor Energy in a research note on Wednesday, February 26th. They issued a "neutral" rating on the stock. Cibc World Mkts raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Wall Street Zen cut shares of Suncor Energy from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. Tudor Pickering raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Finally, Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Suncor Energy has an average rating of "Moderate Buy" and a consensus target price of $64.67.

Suncor Energy Price Performance

NYSE SU traded down $0.03 on Tuesday, hitting $35.68. The company had a trading volume of 484,881 shares, compared to its average volume of 4,472,643. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. The company's fifty day moving average price is $35.51 and its 200-day moving average price is $37.19. The company has a market capitalization of $44.00 billion, a PE ratio of 10.36, a PEG ratio of 2.94 and a beta of 0.79. Suncor Energy Inc. has a 12-month low of $30.79 and a 12-month high of $41.95.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.05. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. The business had revenue of $9.10 billion for the quarter, compared to analyst estimates of $13.39 billion. During the same quarter last year, the business earned $1.41 earnings per share. As a group, analysts predict that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be paid a dividend of $0.4133 per share. This is a positive change from Suncor Energy's previous quarterly dividend of $0.40. This represents a $1.65 annualized dividend and a yield of 4.63%. The ex-dividend date is Wednesday, June 4th. Suncor Energy's payout ratio is 45.53%.

About Suncor Energy

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.