State of Wyoming Buys 7,990 Shares of Suncor Energy Inc. (NYSE:SU)

State of Wyoming lifted its position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 30.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,811 shares of the oil and gas producer's stock after acquiring an additional 7,990 shares during the quarter. State of Wyoming's holdings in Suncor Energy were worth $1,206,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Toronto Dominion Bank increased its holdings in Suncor Energy by 3.0% in the fourth quarter. Toronto Dominion Bank now owns 19,098,225 shares of the oil and gas producer's stock valued at $680,847,000 after purchasing an additional 552,018 shares during the last quarter. Silvercrest Asset Management Group LLC increased its holdings in Suncor Energy by 5.2% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 107,052 shares of the oil and gas producer's stock valued at $3,819,000 after purchasing an additional 5,265 shares during the last quarter. SIR Capital Management L.P. bought a new stake in Suncor Energy in the fourth quarter valued at about $12,046,000. Recurrent Investment Advisors LLC increased its holdings in Suncor Energy by 3.9% in the fourth quarter. Recurrent Investment Advisors LLC now owns 1,719,856 shares of the oil and gas producer's stock valued at $62,333,000 after purchasing an additional 64,454 shares during the last quarter. Finally, Redwood Investment Management LLC increased its holdings in Suncor Energy by 7.2% in the fourth quarter. Redwood Investment Management LLC now owns 13,104 shares of the oil and gas producer's stock valued at $468,000 after purchasing an additional 878 shares during the last quarter. Institutional investors own 67.37% of the company's stock.

Wall Street Analysts Forecast Growth

SU has been the subject of a number of recent analyst reports. Tudor, Pickering, Holt & Co. upgraded Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Bank of America assumed coverage on Suncor Energy in a report on Wednesday, February 26th. They issued a "neutral" rating for the company. Cibc World Mkts upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Tudor Pickering upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Finally, StockNews.com cut Suncor Energy from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $59.20.

Suncor Energy Stock Performance

Shares of NYSE SU traded down $0.06 during trading hours on Wednesday, reaching $35.17. 2,499,226 shares of the stock were exchanged, compared to its average volume of 4,501,772. The firm has a market capitalization of $43.36 billion, a price-to-earnings ratio of 10.19, a P/E/G ratio of 2.94 and a beta of 0.79. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33. Suncor Energy Inc. has a 52 week low of $30.79 and a 52 week high of $41.95. The stock's fifty day simple moving average is $35.66 and its 200 day simple moving average is $37.29.

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 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 return on equity of 15.37% and a net margin of 11.80%. During the same quarter last year, the company earned $1.41 earnings per share. Sell-side analysts predict that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be paid a dividend of $0.4133 per share. 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 4.70%. This is a positive change from Suncor Energy's previous quarterly dividend of $0.40. Suncor Energy's dividend payout ratio (DPR) is 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.