Two Sigma Advisers LP Boosts Stock Holdings in Suncor Energy Inc. (NYSE:SU)

Two Sigma Advisers LP increased its stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 37.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 836,740 shares of the oil and gas producer's stock after acquiring an additional 225,900 shares during the quarter. Two Sigma Advisers LP owned approximately 0.07% of Suncor Energy worth $29,855,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Two Sigma Investments LP boosted its stake in Suncor Energy by 168.8% during the fourth quarter. Two Sigma Investments LP now owns 1,729,654 shares of the oil and gas producer's stock worth $61,714,000 after acquiring an additional 1,086,065 shares in the last quarter. State of Wyoming boosted its stake in Suncor Energy by 30.9% during the fourth quarter. State of Wyoming now owns 33,811 shares of the oil and gas producer's stock worth $1,206,000 after acquiring an additional 7,990 shares in the last quarter. Toronto Dominion Bank boosted its stake in Suncor Energy by 3.0% during the fourth quarter. Toronto Dominion Bank now owns 19,098,225 shares of the oil and gas producer's stock worth $680,847,000 after acquiring an additional 552,018 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its stake in Suncor Energy by 5.2% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 107,052 shares of the oil and gas producer's stock worth $3,819,000 after acquiring an additional 5,265 shares in the last quarter. Finally, SIR Capital Management L.P. bought a new position in Suncor Energy during the fourth quarter worth $12,046,000. 67.37% of the stock is owned by institutional investors.

Suncor Energy Stock Up 1.0%

Shares of SU traded up $0.37 during trading hours on Friday, reaching $35.74. 4,215,880 shares of the stock traded hands, compared to its average volume of 4,491,344. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The stock has a fifty day simple moving average of $35.55 and a 200 day simple moving average of $37.24. Suncor Energy Inc. has a 52 week low of $30.79 and a 52 week high of $41.95. The company has a market cap of $44.07 billion, a price-to-earnings ratio of 10.36, 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 results on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $13.39 billion. During the same period last year, the firm earned $1.41 earnings per share. On average, equities analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be given a dividend of $0.4133 per share. This is a positive change 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%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SU. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. Wall Street Zen lowered shares of Suncor Energy from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. Tudor Pickering raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Bank of America initiated coverage on shares of Suncor Energy in a research note on Wednesday, February 26th. They issued a "neutral" rating on the stock. Finally, Cibc World Mkts raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Suncor Energy currently has an average rating of "Moderate Buy" and a consensus target price 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.