USS Investment Management Ltd Increases Position in Suncor Energy Inc. (NYSE:SU)

USS Investment Management Ltd grew its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 69.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 317,603 shares of the oil and gas producer's stock after buying an additional 130,003 shares during the quarter. USS Investment Management Ltd's holdings in Suncor Energy were worth $11,319,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SU. Covestor Ltd increased its holdings in Suncor Energy by 30.5% in the 4th quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock worth $39,000 after acquiring an additional 256 shares in the last quarter. Principal Securities Inc. boosted its position in shares of Suncor Energy by 2.2% in the fourth quarter. Principal Securities Inc. now owns 12,423 shares of the oil and gas producer's stock worth $443,000 after purchasing an additional 265 shares during the period. Stifel Financial Corp increased its stake in shares of Suncor Energy by 0.3% in the fourth quarter. Stifel Financial Corp now owns 95,508 shares of the oil and gas producer's stock worth $3,408,000 after purchasing an additional 265 shares in the last quarter. X Square Capital LLC raised its position in shares of Suncor Energy by 0.3% during the 4th quarter. X Square Capital LLC now owns 82,720 shares of the oil and gas producer's stock valued at $2,951,000 after purchasing an additional 267 shares during the period. Finally, UMB Bank n.a. raised its position in shares of Suncor Energy by 27.5% during the 4th quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer's stock valued at $50,000 after purchasing an additional 300 shares during the period. Institutional investors own 67.37% of the company's stock.

Analyst Upgrades and Downgrades

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

Suncor Energy Price Performance

SU stock traded up $0.37 during trading on Monday, hitting $35.74. 4,215,880 shares of the company's stock traded hands, compared to its average volume of 4,488,292. Suncor Energy Inc. has a 52 week low of $30.79 and a 52 week high of $41.95. The stock has a market capitalization of $44.07 billion, a price-to-earnings ratio of 10.36, a P/E/G ratio of 2.94 and a beta of 0.79. The business has a fifty day simple moving average of $35.55 and a 200 day simple moving average of $37.21. 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 (NYSE:SU - Get Free Report) TSE: SU last announced its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.05. The firm had revenue of $9.10 billion during the quarter, compared to the consensus estimate of $13.39 billion. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. During the same quarter last year, the firm earned $1.41 EPS. As a group, research analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 4.63%. Suncor Energy's payout ratio is 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.