Suncor Energy Inc. (NYSE:SU) Shares Purchased by Intact Investment Management Inc.

Intact Investment Management Inc. grew its position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 12.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,649,414 shares of the oil and gas producer's stock after acquiring an additional 285,050 shares during the quarter. Suncor Energy comprises about 3.4% of Intact Investment Management Inc.'s investment portfolio, making the stock its 3rd largest holding. Intact Investment Management Inc. owned about 0.21% of Suncor Energy worth $84,881,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Arlington Trust Co LLC acquired a new position in shares of Suncor Energy during the third quarter valued at $29,000. Optiver Holding B.V. acquired a new stake in Suncor Energy in the third quarter worth about $29,000. Headinvest LLC acquired a new stake in Suncor Energy in the third quarter worth about $40,000. Private Trust Co. NA lifted its holdings in Suncor Energy by 38.4% in the third quarter. Private Trust Co. NA now owns 1,222 shares of the oil and gas producer's stock worth $42,000 after purchasing an additional 339 shares during the period. Finally, Bruce G. Allen Investments LLC acquired a new stake in Suncor Energy in the fourth quarter worth about $46,000. Institutional investors and hedge funds own 67.37% of the company's stock.

Wall Street Analyst Weigh In

SU has been the subject of several research analyst reports. StockNews.com raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a report on Friday, April 12th. Morgan Stanley upped their price target on shares of Suncor Energy from $50.00 to $52.00 and gave the company an "overweight" rating in a report on Thursday, March 28th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Suncor Energy has a consensus rating of "Moderate Buy" and a consensus price target of $52.00.

Suncor Energy Price Performance

NYSE SU traded down $0.03 on Friday, reaching $39.41. The company's stock had a trading volume of 2,564,634 shares, compared to its average volume of 3,993,987. The firm's 50 day moving average is $36.44 and its two-hundred day moving average is $33.90. 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 stock has a market cap of $50.73 billion, a PE ratio of 8.39, a PEG ratio of 3.48 and a beta of 1.13. Suncor Energy Inc. has a twelve month low of $27.59 and a twelve month high of $39.63.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its quarterly earnings data on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.13. The firm had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $8.46 billion. Suncor Energy had a return on equity of 16.08% and a net margin of 16.33%. During the same quarter in the previous year, the company earned $1.33 EPS. As a group, sell-side analysts predict that Suncor Energy Inc. will post 3.78 EPS for the current year.

Suncor Energy Increases Dividend

The business also recently disclosed 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 represents a $1.62 annualized dividend and a yield of 4.12%. The ex-dividend date was Friday, March 1st. This is an increase from Suncor Energy's previous quarterly dividend of $0.39. Suncor Energy's payout ratio is presently 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.