Lighthouse Investment Partners LLC bought a new position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 128,998 shares of the oil and gas producer's stock, valued at approximately $4,602,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Interval Partners LP raised its holdings in shares of Suncor Energy by 9.3% during the fourth quarter. Interval Partners LP now owns 106,640 shares of the oil and gas producer's stock valued at $3,805,000 after purchasing an additional 9,039 shares during the last quarter. Graham Capital Management L.P. increased its holdings in Suncor Energy by 320.0% in the 4th quarter. Graham Capital Management L.P. now owns 262,430 shares of the oil and gas producer's stock worth $9,364,000 after acquiring an additional 199,946 shares in the last quarter. CoreCommodity Management LLC boosted its holdings in Suncor Energy by 128.8% in the 4th quarter. CoreCommodity Management LLC now owns 36,397 shares of the oil and gas producer's stock worth $1,297,000 after buying an additional 20,488 shares during the period. Cetera Investment Advisers boosted its stake in Suncor Energy by 4.6% in the 4th quarter. Cetera Investment Advisers now owns 90,152 shares of the oil and gas producer's stock worth $3,217,000 after purchasing an additional 3,964 shares during the period. Finally, Centiva Capital LP grew its holdings in Suncor Energy by 214.9% during the 4th quarter. Centiva Capital LP now owns 21,709 shares of the oil and gas producer's stock valued at $775,000 after buying an additional 14,815 shares in the last quarter. 67.37% of the stock is currently owned by institutional investors.
Suncor Energy Stock Performance
Shares of SU stock traded down $0.32 during trading hours on Friday, reaching $35.67. 3,472,307 shares of the company's stock were exchanged, compared to its average volume of 4,531,503. The company's 50 day moving average is $35.67 and its two-hundred day moving average is $37.35. The company has a market cap of $43.98 billion, a P/E ratio of 10.34, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79. 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 Inc. has a 1 year low of $30.79 and a 1 year high of $41.95.
Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued 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. The firm had revenue of $9.10 billion during the quarter, compared to analysts' expectations of $13.39 billion. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. During the same period in the previous year, the firm posted $1.41 earnings per share. Equities research analysts anticipate that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.
Suncor Energy Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be paid a $0.4133 dividend. This is an increase from Suncor Energy's previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, June 4th. This represents a $1.65 annualized dividend and a yield of 4.63%. Suncor Energy's payout ratio is presently 45.53%.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on SU shares. Scotiabank upgraded Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Cibc World Mkts upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a 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. Finally, StockNews.com lowered shares of Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Five 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, the company currently has an average rating of "Moderate Buy" and a consensus target price of $59.20.
Check Out Our Latest Analysis on SU
About Suncor Energy
(
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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