Suncor Energy Inc. (NYSE:SU) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its holdings in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 13.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,492,472 shares of the oil and gas producer's stock after buying an additional 409,032 shares during the quarter. Bank of New York Mellon Corp owned 0.28% of Suncor Energy worth $135,228,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Rhumbline Advisers grew its holdings in Suncor Energy by 92.2% during the 4th quarter. Rhumbline Advisers now owns 5,805 shares of the oil and gas producer's stock valued at $207,000 after purchasing an additional 2,784 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Suncor Energy by 95.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,942 shares of the oil and gas producer's stock valued at $390,000 after purchasing an additional 5,332 shares during the last quarter. Assetmark Inc. grew its holdings in Suncor Energy by 8.3% during the 4th quarter. Assetmark Inc. now owns 46,450 shares of the oil and gas producer's stock valued at $1,657,000 after purchasing an additional 3,541 shares during the last quarter. Atria Investments Inc grew its holdings in Suncor Energy by 6.0% during the 4th quarter. Atria Investments Inc now owns 10,799 shares of the oil and gas producer's stock valued at $385,000 after purchasing an additional 608 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in Suncor Energy in the 4th quarter worth about $5,762,000. 67.37% of the stock is currently owned by hedge funds and other institutional investors.

Suncor Energy Stock Performance

SU stock traded up $0.16 during midday trading on Thursday, hitting $39.39. 3,551,055 shares of the stock traded hands, compared to its average volume of 4,470,049. The firm has a market cap of $48.15 billion, a P/E ratio of 11.35, a PEG ratio of 3.41 and a beta of 0.80. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.39 and a quick ratio of 0.84. The stock's fifty day simple moving average is $37.11 and its 200-day simple moving average is $37.07. Suncor Energy Inc. has a 1-year low of $30.79 and a 1-year 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 11.95% and a return on equity of 14.90%. 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. On average, analysts expect 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. Stockholders of record on Wednesday, June 4th were given a $0.4133 dividend. This is a positive change from Suncor Energy's previous quarterly dividend of $0.40. The ex-dividend date was Wednesday, June 4th. This represents a $1.65 annualized dividend and a dividend yield of 4.20%. Suncor Energy's dividend payout ratio (DPR) is 47.84%.

Analyst Ratings Changes

A number of brokerages have commented on SU. Scotiabank upgraded shares of Suncor Energy to a "hold" rating in a research note on Wednesday, March 19th. Wall Street Zen cut shares of Suncor Energy from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Four 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target 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.