Two Sigma Investments LP Buys 1,086,065 Shares of Suncor Energy Inc. (NYSE:SU)

Two Sigma Investments LP boosted its position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 168.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,729,654 shares of the oil and gas producer's stock after buying an additional 1,086,065 shares during the quarter. Two Sigma Investments LP owned approximately 0.14% of Suncor Energy worth $61,714,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SU. HHM Wealth Advisors LLC lifted its stake in shares of Suncor Energy by 62.1% in the 4th quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer's stock valued at $30,000 after purchasing an additional 325 shares during the period. Crowley Wealth Management Inc. acquired a new position in shares of Suncor Energy in the 4th quarter valued at $35,000. Lee Danner & Bass Inc. acquired a new position in shares of Suncor Energy in the 4th quarter valued at $36,000. Golden State Wealth Management LLC acquired a new position in shares of Suncor Energy in the 4th quarter valued at $39,000. Finally, Covestor Ltd lifted its stake in shares of Suncor Energy by 30.5% in the 4th quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock valued at $39,000 after purchasing an additional 256 shares during the period. Institutional investors and hedge funds own 67.37% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on SU shares. Cibc World Mkts raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Bank of America initiated coverage on shares of Suncor Energy in a research report on Wednesday, February 26th. They issued a "neutral" rating for the company. Tudor Pickering upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Scotiabank upgraded shares of Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Finally, Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. 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.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $64.67.

Suncor Energy Stock Up 1.0%

SU stock traded up $0.37 during trading hours on Friday, reaching $35.74. 4,215,880 shares of the stock were exchanged, compared to its average volume of 4,488,292. The firm's 50-day moving average is $35.55 and its 200-day moving average is $37.23. 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. 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 12 month low of $30.79 and a 12 month high of $41.95.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.86 by $0.05. The firm 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 prior year, the company earned $1.41 EPS. On average, equities research 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 disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be issued a $0.4133 dividend. This is a boost from Suncor Energy's previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, June 4th. This represents a $1.65 annualized dividend and a dividend yield of 4.63%. Suncor Energy's dividend payout ratio (DPR) is presently 45.53%.

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.