Russell Investments Group Ltd. Buys 143,255 Shares of Suncor Energy Inc. (NYSE:SU)

Russell Investments Group Ltd. raised its holdings in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,110,530 shares of the oil and gas producer's stock after buying an additional 143,255 shares during the quarter. Russell Investments Group Ltd. owned 0.24% of Suncor Energy worth $100,123,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Suncor Energy by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 50,379,614 shares of the oil and gas producer's stock valued at $1,732,051,000 after buying an additional 731,163 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Suncor Energy by 7.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 20,658,847 shares of the oil and gas producer's stock worth $709,835,000 after purchasing an additional 1,356,470 shares during the last quarter. Artisan Partners Limited Partnership grew its holdings in shares of Suncor Energy by 1.9% in the 3rd quarter. Artisan Partners Limited Partnership now owns 20,348,705 shares of the oil and gas producer's stock worth $699,750,000 after purchasing an additional 377,500 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Suncor Energy by 4.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 19,194,858 shares of the oil and gas producer's stock worth $663,794,000 after purchasing an additional 762,271 shares during the last quarter. Finally, Mackenzie Financial Corp grew its holdings in shares of Suncor Energy by 9.2% in the 3rd quarter. Mackenzie Financial Corp now owns 18,430,549 shares of the oil and gas producer's stock worth $618,071,000 after purchasing an additional 1,558,350 shares during the last quarter. Institutional investors own 67.37% of the company's stock.

Suncor Energy Trading Down 0.1 %

Shares of SU stock traded down $0.03 on Friday, reaching $39.41. The company had a trading volume of 2,564,634 shares, compared to its average volume of 3,993,987. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.26. The stock has a market cap of $50.73 billion, a PE ratio of 8.39, a PEG ratio of 3.47 and a beta of 1.13. The company has a 50-day moving average of $36.44 and a 200-day moving average of $33.90. Suncor Energy Inc. has a 12 month low of $27.59 and a 12 month high of $39.63.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its earnings results on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.13. Suncor Energy had a return on equity of 16.08% and a net margin of 16.33%. The business had revenue of $10.39 billion during the quarter, compared to analysts' expectations of $8.46 billion. During the same period in the prior year, the business earned $1.33 EPS. On average, equities analysts forecast that Suncor Energy Inc. will post 3.78 earnings per share for the current year.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 4th were paid a dividend of $0.406 per share. This represents a $1.62 dividend on an annualized basis and a yield of 4.12%. This is a boost from Suncor Energy's previous quarterly dividend of $0.39. The ex-dividend date was Friday, March 1st. Suncor Energy's dividend payout ratio is presently 34.26%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SU. Morgan Stanley upped their target price on shares of Suncor Energy from $50.00 to $52.00 and gave the stock an "overweight" rating in a report on Thursday, March 28th. StockNews.com upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Friday, April 12th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Suncor Energy has an average rating of "Moderate Buy" and an average target price 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.