Vise Technologies Inc. increased its position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 67.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 56,673 shares of the oil and gas producer's stock after purchasing an additional 22,753 shares during the quarter. Vise Technologies Inc.'s holdings in Suncor Energy were worth $2,022,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its stake in Suncor Energy by 86.0% in the fourth quarter. Jones Financial Companies Lllp now owns 67,848 shares of the oil and gas producer's stock valued at $2,421,000 after acquiring an additional 31,366 shares during the last quarter. Sage Investment Counsel LLC purchased a new position in Suncor Energy in the fourth quarter valued at about $300,000. J.W. Cole Advisors Inc. purchased a new position in Suncor Energy in the fourth quarter valued at about $236,000. Bank of New York Mellon Corp boosted its stake in Suncor Energy by 104.2% in the fourth quarter. Bank of New York Mellon Corp now owns 3,083,440 shares of the oil and gas producer's stock valued at $110,017,000 after acquiring an additional 1,573,726 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Suncor Energy by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,457,325 shares of the oil and gas producer's stock valued at $159,030,000 after acquiring an additional 99,669 shares during the last quarter. 67.37% of the stock is currently owned by hedge funds and other institutional investors.
Suncor Energy Trading Up 0.8%
Shares of SU stock traded up $0.28 on Thursday, hitting $35.61. 1,131,279 shares of the company's stock traded hands, compared to its average volume of 4,459,297. 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 company's fifty day simple moving average is $35.43 and its 200 day simple moving average is $37.16. The stock has a market capitalization of $43.91 billion, a price-to-earnings ratio of 10.33, a P/E/G ratio of 2.94 and a beta of 0.79.
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 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $13.39 billion. During the same quarter last year, the firm earned $1.41 EPS. Equities analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current year.
Suncor Energy Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be issued a dividend of $0.4133 per share. The ex-dividend date is Wednesday, June 4th. This represents a $1.65 annualized dividend and a dividend yield of 4.64%. This is a positive change from Suncor Energy's previous quarterly dividend of $0.40. Suncor Energy's dividend payout ratio (DPR) is currently 45.53%.
Analyst Ratings Changes
Several analysts have recently issued reports on the stock. Scotiabank raised shares of Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Wall Street Zen lowered shares of Suncor Energy from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Cibc World Mkts raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. Bank of America assumed coverage on shares of Suncor Energy in a research report on Wednesday, February 26th. They issued a "neutral" rating on the stock. Finally, Tudor Pickering raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Four analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Suncor Energy presently has an average rating of "Moderate Buy" and an average price target of $64.67.
Check Out Our Latest Report on SU
Suncor Energy Profile
(
Free Report)
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.
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