Suncor Energy Inc. (NYSE:SU) Shares Purchased by CoreCommodity Management LLC

CoreCommodity Management LLC raised its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 128.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,397 shares of the oil and gas producer's stock after acquiring an additional 20,488 shares during the quarter. CoreCommodity Management LLC's holdings in Suncor Energy were worth $1,297,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of SU. HHM Wealth Advisors LLC increased its holdings in Suncor Energy by 62.1% in the 4th quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer's stock worth $30,000 after acquiring an additional 325 shares in the last quarter. Crowley Wealth Management Inc. acquired a new position in shares of Suncor Energy during the 4th quarter worth about $35,000. Lee Danner & Bass Inc. acquired a new stake in Suncor Energy in the 4th quarter worth about $36,000. Golden State Wealth Management LLC purchased a new stake in Suncor Energy during the 4th quarter worth approximately $39,000. Finally, Covestor Ltd lifted its position in shares of Suncor Energy by 30.5% in the fourth quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock valued at $39,000 after acquiring an additional 256 shares in the last quarter. Hedge funds and other institutional investors own 67.37% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on SU. Cibc World Mkts upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. StockNews.com cut Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Tudor Pickering raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report 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. Finally, Bank of America began coverage on shares of Suncor Energy in a research note on Wednesday, February 26th. They issued a "neutral" rating for the company. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $59.20.

Suncor Energy Stock Performance

Shares of SU stock traded up $0.72 during mid-day trading on Friday, hitting $34.97. 4,911,108 shares of the stock were exchanged, compared to its average volume of 4,576,235. Suncor Energy Inc. has a 12-month low of $30.79 and a 12-month high of $41.95. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33. The stock has a market capitalization of $43.12 billion, a price-to-earnings ratio of 10.14, a P/E/G ratio of 2.94 and a beta of 0.79. The stock's fifty day simple moving average is $35.59 and its two-hundred day simple moving average is $37.42.

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

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be issued a $0.4133 dividend. This represents a $1.65 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date of this dividend is Wednesday, June 4th. This is an increase from Suncor Energy's previous quarterly dividend of $0.40. Suncor Energy's dividend payout ratio (DPR) is currently 45.24%.

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.