337,600 Shares in Suncor Energy Inc. (NYSE:SU) Purchased by SIR Capital Management L.P.

SIR Capital Management L.P. acquired a new stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 337,600 shares of the oil and gas producer's stock, valued at approximately $12,046,000.

A number of other institutional investors also recently added to or reduced their stakes in SU. Recurrent Investment Advisors LLC raised its position in Suncor Energy by 3.9% during the fourth quarter. Recurrent Investment Advisors LLC now owns 1,719,856 shares of the oil and gas producer's stock valued at $62,333,000 after acquiring an additional 64,454 shares in the last quarter. Redwood Investment Management LLC increased its position in shares of Suncor Energy by 7.2% in the fourth quarter. Redwood Investment Management LLC now owns 13,104 shares of the oil and gas producer's stock valued at $468,000 after buying an additional 878 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Suncor Energy in the fourth quarter valued at approximately $1,081,000. Point72 Europe London LLP purchased a new stake in shares of Suncor Energy in the fourth quarter valued at approximately $16,862,000. Finally, Polar Asset Management Partners Inc. purchased a new stake in shares of Suncor Energy in the fourth quarter valued at approximately $1,962,000. Institutional investors own 67.37% of the company's stock.

Analyst Ratings Changes

SU has been the topic of a number of research analyst reports. Cibc World Mkts raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Tudor Pickering raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Bank of America initiated coverage on Suncor Energy in a research note on Wednesday, February 26th. They issued a "neutral" rating on the stock. Scotiabank raised Suncor Energy to a "hold" rating in a research note on Wednesday, March 19th. Finally, Tudor, Pickering, Holt & Co. raised Suncor Energy from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $59.20.

Suncor Energy Trading Down 0.8%

NYSE SU traded down $0.27 on Monday, reaching $35.38. 2,243,164 shares of the company were exchanged, compared to its average volume of 4,521,622. The business's fifty day moving average price is $35.68 and its 200 day moving average price is $37.32. The stock has a market capitalization of $43.63 billion, a P/E ratio of 10.26, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. Suncor Energy Inc. has a fifty-two week low of $30.79 and a fifty-two week high of $41.95.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 EPS for the quarter, beating the consensus estimate of $0.86 by $0.05. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. The business had revenue of $9.10 billion for the quarter, compared to analyst estimates of $13.39 billion. During the same quarter in the prior year, the company posted $1.41 EPS. Analysts forecast that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be paid a $0.4133 dividend. This represents a $1.65 annualized dividend and a dividend yield of 4.67%. The ex-dividend date of this dividend is Wednesday, June 4th. This is a positive change from Suncor Energy's previous quarterly dividend of $0.40. Suncor Energy's dividend payout ratio is 45.53%.

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.