Man Group plc Purchases 38,921 Shares of Suncor Energy Inc. (NYSE:SU)

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

Several other hedge funds and other institutional investors have also bought and sold shares of SU. HHM Wealth Advisors LLC raised its holdings in shares of Suncor Energy by 62.1% during the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer's stock valued at $30,000 after purchasing an additional 325 shares during the period. Crowley Wealth Management Inc. acquired a new position in shares of Suncor Energy during the fourth quarter valued at about $35,000. Lee Danner & Bass Inc. acquired a new position in shares of Suncor Energy during the fourth quarter valued at about $36,000. Golden State Wealth Management LLC acquired a new position in shares of Suncor Energy during the fourth quarter valued at about $39,000. Finally, Covestor Ltd raised its holdings in shares of Suncor Energy by 30.5% during the fourth quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock valued at $39,000 after purchasing an additional 256 shares during the period. Institutional investors and hedge funds own 67.37% of the company's stock.

Suncor Energy Stock Down 0.1%

Shares of SU traded down $0.02 on Tuesday, reaching $35.69. The company's stock had a trading volume of 2,617,362 shares, compared to its average volume of 4,480,808. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. Suncor Energy Inc. has a twelve month low of $30.79 and a twelve month high of $41.95. The stock has a market capitalization of $44.01 billion, a PE ratio of 10.34, a PEG ratio of 2.94 and a beta of 0.79. The firm has a fifty day moving average of $35.47 and a 200-day moving average of $37.18.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its quarterly earnings data 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 11.80% and a return on equity of 15.37%. The business 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 posted $1.41 EPS. Equities analysts predict that Suncor Energy Inc. will post 3.42 EPS 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 given a $0.4133 dividend. This represents a $1.65 dividend on an annualized basis and a yield of 4.63%. This is an increase from Suncor Energy's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Wednesday, June 4th. Suncor Energy's dividend payout ratio is presently 45.53%.

Analyst Upgrades and Downgrades

SU has been the topic of several research reports. Scotiabank upgraded shares of Suncor Energy to a "hold" rating in a report on Wednesday, March 19th. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Cibc World Mkts upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Wall Street Zen lowered shares of Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Finally, Bank of America initiated coverage on shares of Suncor Energy in a report on Wednesday, February 26th. They set a "neutral" rating on the stock. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $64.67.

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.