Marshall Wace LLP Purchases 316,977 Shares of Suncor Energy Inc. (NYSE:SU)

Marshall Wace LLP raised its holdings in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 445.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 388,120 shares of the oil and gas producer's stock after acquiring an additional 316,977 shares during the period. Marshall Wace LLP's holdings in Suncor Energy were worth $13,848,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. NewEdge Advisors LLC lifted its position in Suncor Energy by 12.6% during the fourth quarter. NewEdge Advisors LLC now owns 54,845 shares of the oil and gas producer's stock valued at $1,957,000 after purchasing an additional 6,152 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its holdings in shares of Suncor Energy by 58.0% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 230,179 shares of the oil and gas producer's stock worth $8,206,000 after acquiring an additional 84,463 shares during the last quarter. Guggenheim Capital LLC lifted its holdings in shares of Suncor Energy by 8.9% during the 4th quarter. Guggenheim Capital LLC now owns 10,759 shares of the oil and gas producer's stock worth $384,000 after acquiring an additional 878 shares during the last quarter. Mariner LLC increased its stake in Suncor Energy by 3.7% in the fourth quarter. Mariner LLC now owns 63,918 shares of the oil and gas producer's stock valued at $2,280,000 after acquiring an additional 2,310 shares during the last quarter. Finally, Synovus Financial Corp increased its stake in Suncor Energy by 4.8% in the fourth quarter. Synovus Financial Corp now owns 85,314 shares of the oil and gas producer's stock valued at $3,044,000 after acquiring an additional 3,943 shares during the last quarter. Hedge funds and other institutional investors own 67.37% of the company's stock.

Suncor Energy Trading Down 0.1 %

Shares of NYSE SU traded down $0.02 during trading hours on Friday, hitting $35.58. The company's stock had a trading volume of 2,459,519 shares, compared to its average volume of 4,471,841. Suncor Energy Inc. has a 12 month low of $30.79 and a 12 month high of $41.95. The stock has a market cap of $44.02 billion, a price-to-earnings ratio of 10.31, a P/E/G ratio of 2.94 and a beta of 0.79. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33. The business has a 50-day simple moving average of $36.23 and a 200-day simple moving average of $37.71.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.07. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. On average, analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th were given a $0.399 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.60 annualized dividend and a dividend yield of 4.49%. Suncor Energy's dividend payout ratio is 45.51%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SU shares. Bank of America assumed coverage on Suncor Energy in a research report on Wednesday, February 26th. They set a "neutral" rating on the stock. Scotiabank raised shares of Suncor Energy to a "hold" rating in a research note on Wednesday, March 19th. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. StockNews.com lowered shares of Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Finally, Tudor Pickering raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $59.20.

About Suncor Energy

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.