Sapient Capital LLC Purchases Shares of 34,322 Suncor Energy Inc. (NYSE:SU)

Sapient Capital LLC bought a new stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 34,322 shares of the oil and gas producer's stock, valued at approximately $1,100,000.

A number of other institutional investors have also modified their holdings of SU. Arlington Trust Co LLC purchased a new stake in shares of Suncor Energy in the 3rd quarter valued at approximately $29,000. Optiver Holding B.V. acquired a new position in Suncor Energy in the 3rd quarter valued at $29,000. Sunbelt Securities Inc. bought a new stake in Suncor Energy in the 1st quarter valued at $31,000. Headinvest LLC bought a new stake in Suncor Energy in the 3rd quarter valued at $40,000. Finally, Private Trust Co. NA boosted its holdings in Suncor Energy by 38.4% in the 3rd quarter. Private Trust Co. NA now owns 1,222 shares of the oil and gas producer's stock valued at $42,000 after purchasing an additional 339 shares during the period. Institutional investors and hedge funds own 67.37% of the company's stock.

Suncor Energy Price Performance

Shares of SU traded down $0.67 during mid-day trading on Friday, reaching $37.69. The company had a trading volume of 5,330,623 shares, compared to its average volume of 3,724,480. The company's 50 day simple moving average is $35.17 and its 200 day simple moving average is $33.55. Suncor Energy Inc. has a 1-year low of $27.59 and a 1-year high of $39.32. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.88 and a current ratio of 1.44. The company has a market capitalization of $48.52 billion, a price-to-earnings ratio of 8.02, a P/E/G ratio of 3.57 and a beta of 1.13.

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

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 4th were issued a dividend of $0.406 per share. This is a positive change from Suncor Energy's previous quarterly dividend of $0.39. The ex-dividend date was Friday, March 1st. This represents a $1.62 annualized dividend and a yield of 4.31%. Suncor Energy's dividend payout ratio (DPR) is presently 34.26%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SU shares. Morgan Stanley lifted their target price on shares of Suncor Energy from $50.00 to $52.00 and gave the company an "overweight" rating in a research report on Thursday, March 28th. StockNews.com raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Suncor Energy presently has an average rating of "Moderate Buy" and an average price target of $52.00.

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.