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

Two Sigma Investments LP grew its stake 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 disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,729,654 shares of the oil and gas producer's stock after acquiring an additional 1,086,065 shares during the period. Two Sigma Investments LP owned 0.14% of Suncor Energy worth $61,714,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Suncor Energy by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 53,019,357 shares of the oil and gas producer's stock worth $1,892,526,000 after acquiring an additional 323,714 shares in the last quarter. Artisan Partners Limited Partnership raised its position in shares of Suncor Energy by 0.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 24,289,019 shares of the oil and gas producer's stock worth $865,885,000 after buying an additional 169,700 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Suncor Energy by 0.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 23,308,055 shares of the oil and gas producer's stock worth $831,631,000 after buying an additional 209,447 shares in the last quarter. Toronto Dominion Bank raised its position in shares of 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 worth $680,847,000 after buying an additional 552,018 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Suncor Energy by 4.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 10,981,927 shares of the oil and gas producer's stock worth $391,809,000 after buying an additional 445,613 shares in the last quarter. Hedge funds and other institutional investors own 67.37% of the company's stock.

Analyst Upgrades and Downgrades

SU has been the topic of a number of recent analyst reports. Tudor Pickering upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Tudor, Pickering, Holt & Co. upgraded Suncor Energy from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Wall Street Zen downgraded Suncor Energy from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Scotiabank upgraded Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Finally, Cibc World Mkts raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $59.20.

Suncor Energy Price Performance

SU traded up $0.27 during trading on Thursday, reaching $35.41. The stock had a trading volume of 3,188,748 shares, compared to its average volume of 4,494,557. The stock has a market cap of $43.66 billion, a PE ratio of 10.26, a PEG 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 one year low of $30.79 and a one year high of $41.95. The business has a 50-day moving average of $35.63 and a 200-day moving average of $37.28.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.05. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. The firm had revenue of $9.10 billion for the quarter, compared to analysts' expectations of $13.39 billion. During the same period last year, the firm earned $1.41 earnings per share. As a group, equities research analysts anticipate that Suncor Energy Inc. will post 3.42 EPS for the current fiscal 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 paid a dividend of $0.4133 per share. This is a boost 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 4.67%. The ex-dividend date of this dividend is Wednesday, June 4th. 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.