PKO Investment Management Joint Stock Co Purchases New Shares in Suncor Energy Inc. (NYSE:SU)

PKO Investment Management Joint Stock Co bought a new stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 42,000 shares of the oil and gas producer's stock, valued at approximately $1,500,000.

Several other hedge funds have also recently added to or reduced their stakes in SU. Principal Financial Group Inc. increased its holdings in Suncor Energy by 39.9% during the 4th quarter. Principal Financial Group Inc. now owns 9,706,616 shares of the oil and gas producer's stock valued at $346,298,000 after acquiring an additional 2,767,043 shares in the last quarter. Jupiter Asset Management Ltd. increased its holdings in Suncor Energy by 2,061.8% during the 4th quarter. Jupiter Asset Management Ltd. now owns 2,438,291 shares of the oil and gas producer's stock valued at $86,990,000 after acquiring an additional 2,325,503 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Suncor Energy by 500.4% during the fourth 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 in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Suncor Energy by 97.4% during the fourth 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 in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Suncor Energy by 29.5% during the fourth quarter. Geode Capital Management LLC now owns 7,629,169 shares of the oil and gas producer's stock worth $278,537,000 after buying an additional 1,737,573 shares in the last quarter. 67.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Wall Street Zen downgraded shares of Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Bank of America assumed coverage on shares of Suncor Energy in a report on Wednesday, February 26th. They set a "neutral" rating for the company. Cibc World Mkts upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Finally, Scotiabank upgraded shares of Suncor Energy to a "hold" rating in a report on Wednesday, March 19th. 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 company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $64.67.

Suncor Energy Trading Down 0.4%

SU stock traded down $0.16 during midday trading on Friday, reaching $35.60. 3,871,094 shares of the company's stock traded hands, compared to its average volume of 4,440,979. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. Suncor Energy Inc. has a fifty-two week low of $30.79 and a fifty-two week high of $41.95. The business has a 50-day moving average price of $35.32 and a two-hundred day moving average price of $37.08. The company has a market capitalization of $43.90 billion, a P/E ratio of 10.32, a PEG ratio of 2.94 and a beta of 0.79.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share (EPS) for the quarter, topping 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 company had revenue of $9.10 billion during the quarter, compared to analyst estimates of $13.39 billion. During the same quarter in the prior year, the business earned $1.41 earnings per share. Equities research analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be given a $0.4133 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $1.65 annualized dividend and a dividend yield of 4.64%. This is a positive change from Suncor Energy's previous quarterly dividend of $0.40. Suncor Energy's dividend payout ratio is presently 45.53%.

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.