Suncor Energy Inc. (NYSE:SU) Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale boosted its position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 4.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 575,950 shares of the oil and gas producer's stock after buying an additional 26,710 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Suncor Energy were worth $18,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of SU. Goldman Sachs Group Inc. increased its position in Suncor Energy by 163.1% in the second quarter. Goldman Sachs Group Inc. now owns 16,402,041 shares of the oil and gas producer's stock worth $480,908,000 after buying an additional 10,168,941 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Suncor Energy by 79.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 16,823,815 shares of the oil and gas producer's stock valued at $548,183,000 after purchasing an additional 7,438,559 shares in the last quarter. Price T Rowe Associates Inc. MD purchased a new position in shares of Suncor Energy in the first quarter valued at $199,877,000. Invesco Ltd. grew its position in shares of Suncor Energy by 35.0% in the third quarter. Invesco Ltd. now owns 16,466,624 shares of the oil and gas producer's stock valued at $566,123,000 after purchasing an additional 4,271,009 shares in the last quarter. Finally, Alberta Investment Management Corp grew its position in shares of Suncor Energy by 113.8% in the third quarter. Alberta Investment Management Corp now owns 7,630,881 shares of the oil and gas producer's stock valued at $263,614,000 after purchasing an additional 4,062,019 shares in the last quarter. 67.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Morgan Stanley boosted their target price on Suncor Energy from $50.00 to $52.00 and gave the stock an "overweight" rating in a research report on Thursday, March 28th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Suncor Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.00.

Suncor Energy Price Performance

Shares of SU traded up $0.03 during midday trading on Tuesday, reaching $38.73. The stock had a trading volume of 2,897,576 shares, compared to its average volume of 4,328,565. The company has a market capitalization of $49.89 billion, a price-to-earnings ratio of 8.23, a price-to-earnings-growth ratio of 3.63 and a beta of 1.13. Suncor Energy Inc. has a 12-month low of $27.59 and a 12-month high of $39.07. The company's 50-day moving average is $34.72 and its 200 day moving average is $33.42. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.26.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its earnings results on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.13. The company had revenue of $10.39 billion during the quarter, compared to analysts' expectations of $8.46 billion. Suncor Energy had a return on equity of 16.08% and a net margin of 16.33%. During the same period in the prior year, the business posted $1.33 EPS. On average, equities analysts predict that Suncor Energy Inc. will post 3.58 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 4th were issued a dividend of $0.406 per share. The ex-dividend date was Friday, March 1st. This is a boost from Suncor Energy's previous quarterly dividend of $0.39. This represents a $1.62 annualized dividend and a yield of 4.19%. Suncor Energy's dividend payout ratio is currently 34.26%.

Suncor Energy 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.