Y Intercept Hong Kong Ltd Purchases New Stake in Suncor Energy Inc. (NYSE:SU)

Y Intercept Hong Kong Ltd bought a new position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 79,532 shares of the oil and gas producer's stock, valued at approximately $3,079,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. HighTower Advisors LLC raised its holdings in Suncor Energy by 2.3% in the 4th quarter. HighTower Advisors LLC now owns 34,012 shares of the oil and gas producer's stock valued at $1,214,000 after buying an additional 763 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in Suncor Energy by 9.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 47,345 shares of the oil and gas producer's stock valued at $1,689,000 after buying an additional 4,057 shares during the last quarter. Lee Danner & Bass Inc. bought a new position in Suncor Energy in the 4th quarter valued at approximately $36,000. Virtu Financial LLC bought a new position in Suncor Energy in the 4th quarter valued at approximately $913,000. Finally, American Century Companies Inc. raised its holdings in Suncor Energy by 7.6% in the 4th quarter. American Century Companies Inc. now owns 778,161 shares of the oil and gas producer's stock valued at $27,777,000 after buying an additional 55,062 shares during the last quarter. Institutional investors own 67.37% of the company's stock.

Suncor Energy Trading Up 0.1%

Shares of SU stock traded up $0.02 during trading hours on Thursday, hitting $39.71. 2,078,588 shares of the company were exchanged, compared to its average volume of 4,861,772. The firm has a market cap of $48.56 billion, a P/E ratio of 11.44, a P/E/G ratio of 3.39 and a beta of 0.80. Suncor Energy Inc. has a fifty-two week low of $30.79 and a fifty-two week high of $41.94. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 1.39. The company has a 50 day simple moving average of $37.91 and a two-hundred day simple moving average of $37.34.

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 EPS for the quarter, topping the consensus estimate of $0.86 by $0.05. The company 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 11.95% and a return on equity of 14.90%. During the same quarter last year, the firm posted $1.41 EPS. Equities analysts anticipate that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th were given a $0.4133 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $1.65 annualized dividend and a yield of 4.16%. This is an increase from Suncor Energy's previous quarterly dividend of $0.40. Suncor Energy's dividend payout ratio (DPR) is presently 47.84%.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $66.00.

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.