MQS Management LLC Acquires New Position in Suncor Energy Inc. (NYSE:SU)

MQS Management LLC bought a new position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,109 shares of the oil and gas producer's stock, valued at approximately $701,000.

Other large investors have also recently modified their holdings of the company. Atria Investments Inc raised its position in shares of Suncor Energy by 6.0% in the 4th quarter. Atria Investments Inc now owns 10,799 shares of the oil and gas producer's stock worth $385,000 after acquiring an additional 608 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Suncor Energy in the 4th quarter worth about $5,762,000. Raymond James Financial Inc. bought a new position in shares of Suncor Energy in the 4th quarter worth about $18,829,000. Wealthfront Advisers LLC bought a new position in shares of Suncor Energy in the 4th quarter worth about $436,000. Finally, HighTower Advisors LLC raised its position in shares of Suncor Energy by 2.3% in the 4th quarter. HighTower Advisors LLC now owns 34,012 shares of the oil and gas producer's stock worth $1,214,000 after acquiring an additional 763 shares in the last quarter. Institutional investors and hedge funds own 67.37% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SU. Scotiabank upgraded 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 note on Thursday, April 17th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $67.00.

Suncor Energy Trading Up 1.8%

Shares of SU stock opened at $40.10 on Friday. The company's fifty day simple moving average is $37.27 and its two-hundred day simple moving average is $37.15. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.39 and a quick ratio of 0.84. Suncor Energy Inc. has a 1 year low of $30.79 and a 1 year high of $41.95. The stock has a market capitalization of $49.03 billion, a price-to-earnings ratio of 11.56, a PEG ratio of 3.48 and a beta of 0.80.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.05. The firm had revenue of $9.10 billion during 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 previous year, the business earned $1.41 EPS. As a group, analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th were given a $0.4133 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. 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 4.12%. Suncor Energy's payout ratio is 47.84%.

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.

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