Leigh Baldwin & CO. LLC Makes New Investment in Suncor Energy Inc. (NYSE:SU)

Leigh Baldwin & CO. LLC bought a new position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 316,431 shares of the oil and gas producer's stock, valued at approximately $11,290,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its position in Suncor Energy by 1,324.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,469,008 shares of the oil and gas producer's stock valued at $123,774,000 after purchasing an additional 3,225,543 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Suncor Energy by 39.9% during the fourth quarter. Principal Financial Group Inc. now owns 9,706,616 shares of the oil and gas producer's stock valued at $346,298,000 after buying an additional 2,767,043 shares during the period. Jupiter Asset Management Ltd. raised its holdings in shares of Suncor Energy by 2,061.8% during the fourth quarter. Jupiter Asset Management Ltd. now owns 2,438,291 shares of the oil and gas producer's stock valued at $86,990,000 after acquiring an additional 2,325,503 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Suncor Energy by 97.4% in the fourth quarter. Fisher Asset Management LLC now owns 3,734,572 shares of the oil and gas producer's stock worth $133,250,000 after acquiring an additional 1,842,791 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Suncor Energy by 29.5% in the fourth quarter. Geode Capital Management LLC now owns 7,629,169 shares of the oil and gas producer's stock valued at $278,537,000 after acquiring an additional 1,737,573 shares in the last quarter. 67.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Cibc World Mkts upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Scotiabank upgraded shares of Suncor Energy to a "hold" rating in a report on Wednesday, March 19th. Tudor Pickering upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. StockNews.com lowered Suncor Energy from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Finally, Bank of America initiated coverage on Suncor Energy in a research report on Wednesday, February 26th. They set a "neutral" rating on the stock. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $59.20.

Suncor Energy Stock Down 0.4%

SU stock traded down $0.14 on Wednesday, reaching $36.27. 2,597,631 shares of the company traded hands, compared to its average volume of 4,550,795. Suncor Energy Inc. has a one year low of $30.79 and a one year high of $41.95. The company has a market cap of $44.72 billion, a P/E ratio of 10.51, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79. The firm has a fifty day simple moving average of $35.67 and a 200-day simple moving average of $37.37. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86.

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, beating the consensus estimate of $0.86 by $0.05. The company had revenue of $9.10 billion for 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 period in the prior year, the firm posted $1.41 EPS. Research analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be given a $0.4133 dividend. The ex-dividend date is Wednesday, June 4th. This is a boost from Suncor Energy's previous quarterly dividend of $0.40. This represents a $1.65 annualized dividend and a yield of 4.56%. Suncor Energy's dividend payout ratio 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.