CoreCommodity Management LLC Grows Stock Holdings in Suncor Energy Inc. (NYSE:SU)

CoreCommodity Management LLC lifted its position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 52.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 76,500 shares of the oil and gas producer's stock after buying an additional 26,300 shares during the quarter. CoreCommodity Management LLC's holdings in Suncor Energy were worth $2,459,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. TD Asset Management Inc lifted its stake in Suncor Energy by 16.8% in the 4th quarter. TD Asset Management Inc now owns 32,070,496 shares of the oil and gas producer's stock worth $1,032,453,000 after purchasing an additional 4,612,764 shares in the last quarter. Invesco Ltd. lifted its stake in Suncor Energy by 35.0% in the 3rd quarter. Invesco Ltd. now owns 16,466,624 shares of the oil and gas producer's stock worth $566,123,000 after purchasing an additional 4,271,009 shares in the last quarter. Alberta Investment Management Corp lifted its stake in Suncor Energy by 113.8% in the 3rd quarter. Alberta Investment Management Corp now owns 7,630,881 shares of the oil and gas producer's stock worth $263,614,000 after purchasing an additional 4,062,019 shares in the last quarter. AGF Management Ltd. lifted its stake in Suncor Energy by 454.9% in the 4th quarter. AGF Management Ltd. now owns 3,586,421 shares of the oil and gas producer's stock worth $114,909,000 after purchasing an additional 2,940,103 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Suncor Energy by 307.1% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,338,858 shares of the oil and gas producer's stock worth $114,869,000 after purchasing an additional 2,518,758 shares in the last quarter. Hedge funds and other institutional investors own 67.37% of the company's stock.

Suncor Energy Price Performance

Shares of Suncor Energy stock traded down $0.24 during trading hours on Monday, reaching $39.85. The company's stock had a trading volume of 2,002,333 shares, compared to its average volume of 4,282,951. The firm has a 50 day moving average price of $37.98 and a 200-day moving average price of $34.50. Suncor Energy Inc. has a one year low of $27.59 and a one year high of $40.69. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.51 and a quick ratio of 0.97. The stock has a market cap of $51.24 billion, a P/E ratio of 8.88, a P/E/G ratio of 3.54 and a beta of 1.11.

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 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.13. The business had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $8.46 billion. Suncor Energy had a net margin of 15.38% and a return on equity of 15.69%. During the same period in the prior year, the firm earned $1.33 EPS. On average, analysts predict that Suncor Energy Inc. will post 3.77 EPS for the current year.

Suncor Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Tuesday, June 4th will be paid a $0.395 dividend. The ex-dividend date is Tuesday, June 4th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 3.96%. Suncor Energy's payout ratio is currently 35.86%.

Wall Street Analysts Forecast Growth

Several analysts have commented on SU shares. Morgan Stanley boosted their price target on shares of Suncor Energy from $50.00 to $52.00 and gave the stock an "overweight" rating in a research note on Thursday, March 28th. StockNews.com upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a report on Thursday. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Suncor Energy presently has a consensus rating of "Moderate Buy" and an average target price of $52.00.

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.

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