Centiva Capital LP Buys 14,815 Shares of Suncor Energy Inc. (NYSE:SU)

Centiva Capital LP boosted its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 214.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 21,709 shares of the oil and gas producer's stock after purchasing an additional 14,815 shares during the period. Centiva Capital LP's holdings in Suncor Energy were worth $775,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of SU. Jones Financial Companies Lllp increased its position in Suncor Energy by 86.0% in the 4th quarter. Jones Financial Companies Lllp now owns 67,848 shares of the oil and gas producer's stock valued at $2,421,000 after acquiring an additional 31,366 shares during the period. Sage Investment Counsel LLC acquired a new position in shares of Suncor Energy in the fourth quarter worth $300,000. J.W. Cole Advisors Inc. acquired a new stake in Suncor Energy during the fourth quarter worth approximately $236,000. Bank of New York Mellon Corp grew its holdings in Suncor Energy by 104.2% in the 4th quarter. Bank of New York Mellon Corp now owns 3,083,440 shares of the oil and gas producer's stock valued at $110,017,000 after buying an additional 1,573,726 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Suncor Energy by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,457,325 shares of the oil and gas producer's stock worth $159,030,000 after buying an additional 99,669 shares during the period. Hedge funds and other institutional investors own 67.37% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. StockNews.com downgraded shares of Suncor Energy from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. Tudor Pickering upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Cibc World Mkts raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Finally, Scotiabank raised Suncor Energy to a "hold" rating in a research note on Wednesday, March 19th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $59.20.

Suncor Energy Trading Up 2.6%

Shares of NYSE:SU traded up $0.89 during trading on Monday, hitting $35.85. 4,159,861 shares of the company's stock were exchanged, compared to its average volume of 4,571,655. Suncor Energy Inc. has a 1-year low of $30.79 and a 1-year high of $41.95. The firm has a market cap of $44.21 billion, a P/E ratio of 10.39, a PEG 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. The firm has a 50-day moving average price of $35.59 and a two-hundred day moving average price of $37.40.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.05. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. The company had revenue of $9.10 billion during the quarter, compared to the consensus estimate of $13.39 billion. During the same quarter last year, the firm posted $1.41 EPS. Equities analysts predict 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. Shareholders of record on Wednesday, June 4th will be given a $0.4133 dividend. This is a boost from Suncor Energy's previous quarterly dividend of $0.40. This represents a $1.65 annualized dividend and a yield of 4.61%. The ex-dividend date is Wednesday, June 4th. 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.