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

USS Investment Management Ltd boosted its holdings in shares of 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 and Exchange Commission. The fund owned 317,603 shares of the oil and gas producer's stock after acquiring an additional 130,003 shares during the period. USS Investment Management Ltd's holdings in Suncor Energy were worth $11,319,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SU. Vanguard Group Inc. raised its position in shares of Suncor Energy by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 53,019,357 shares of the oil and gas producer's stock valued at $1,892,526,000 after buying an additional 323,714 shares during 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 valued at $865,885,000 after buying an additional 169,700 shares during 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 valued at $831,631,000 after buying an additional 209,447 shares during 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 valued at $680,847,000 after buying an additional 552,018 shares during 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 valued at $391,809,000 after buying an additional 445,613 shares during the last quarter. Institutional investors and hedge funds own 67.37% of the company's stock.

Suncor Energy Trading Up 1.0%

SU traded up $0.37 during trading on Friday, hitting $35.74. 4,215,880 shares of the company's stock were exchanged, compared to its average volume of 4,491,342. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. Suncor Energy Inc. has a 1 year low of $30.79 and a 1 year high of $41.95. The stock has a 50 day moving average price of $35.55 and a 200 day moving average price of $37.24. The firm has a market cap of $44.07 billion, a P/E ratio of 10.36, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $13.39 billion. During the same period in the previous year, the firm earned $1.41 earnings per share. As a group, analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be paid a dividend of $0.4133 per share. This is an increase from Suncor Energy's previous quarterly dividend of $0.40. This represents a $1.65 annualized dividend and a yield of 4.63%. The ex-dividend date is Wednesday, June 4th. Suncor Energy's payout ratio is currently 45.53%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on SU shares. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Tudor Pickering raised 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 report on Wednesday, March 19th. Wall Street Zen downgraded shares of Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Finally, Bank of America started coverage on shares of Suncor Energy in a report on Wednesday, February 26th. They issued a "neutral" rating for the company. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $59.75.

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.