Two Sigma Advisers LP increased its holdings in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 37.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 836,740 shares of the oil and gas producer's stock after purchasing an additional 225,900 shares during the period. Two Sigma Advisers LP owned approximately 0.07% of Suncor Energy worth $29,855,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Two Sigma Investments LP raised its position in Suncor Energy by 168.8% in the 4th quarter. Two Sigma Investments LP now owns 1,729,654 shares of the oil and gas producer's stock valued at $61,714,000 after buying an additional 1,086,065 shares during the last quarter. State of Wyoming increased its stake in Suncor Energy by 30.9% in the 4th quarter. State of Wyoming now owns 33,811 shares of the oil and gas producer's stock valued at $1,206,000 after buying an additional 7,990 shares during the last quarter. Toronto Dominion Bank lifted its position in Suncor Energy by 3.0% during the 4th quarter. Toronto Dominion Bank now owns 19,098,225 shares of the oil and gas producer's stock worth $680,847,000 after buying an additional 552,018 shares in the last quarter. Silvercrest Asset Management Group LLC grew its holdings in shares of Suncor Energy by 5.2% in the 4th 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 acquiring an additional 5,265 shares in the last quarter. Finally, SIR Capital Management L.P. acquired a new stake in shares of Suncor Energy in the fourth quarter valued at about $12,046,000. 67.37% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts have commented on the stock. Wall Street Zen cut shares of Suncor Energy from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. Bank of America began coverage on Suncor Energy in a report on Wednesday, February 26th. They set a "neutral" rating for the company. Scotiabank upgraded shares of Suncor Energy to a "hold" rating in a research note on Wednesday, March 19th. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. Finally, Tudor Pickering upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $64.67.
Read Our Latest Analysis on SU
Suncor Energy Price Performance
Shares of NYSE SU traded up $0.37 during trading hours on Monday, hitting $35.74. 4,215,880 shares of the stock were exchanged, compared to its average volume of 4,488,292. The company's fifty day simple moving average is $35.55 and its two-hundred day simple moving average is $37.21. The company has a market cap of $44.07 billion, a PE ratio of 10.36, a price-to-earnings-growth 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 1-year low of $30.79 and a 1-year high of $41.95.
Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.05. The company had revenue of $9.10 billion during the quarter, compared to analysts' expectations 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 in the previous year, the firm earned $1.41 EPS. On average, sell-side analysts predict that Suncor Energy Inc. will post 3.42 EPS for the current year.
Suncor Energy Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be paid a $0.4133 dividend. This is an increase from Suncor Energy's previous quarterly dividend of $0.40. This represents a $1.65 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date is Wednesday, June 4th. Suncor Energy's dividend payout ratio (DPR) is presently 45.53%.
Suncor Energy Company Profile
(
Free Report)
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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