CoreCommodity Management LLC Purchases 20,488 Shares of Suncor Energy Inc. (NYSE:SU)

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

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Suncor Energy by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 53,019,357 shares of the oil and gas producer's stock valued at $1,892,526,000 after purchasing an additional 323,714 shares during the last quarter. Artisan Partners Limited Partnership boosted its holdings in shares of Suncor Energy by 0.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 24,289,019 shares of the oil and gas producer's stock valued at $865,885,000 after acquiring an additional 169,700 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Suncor Energy by 0.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 23,308,055 shares of the oil and gas producer's stock valued at $831,631,000 after acquiring an additional 209,447 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Suncor Energy by 4.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 10,981,927 shares of the oil and gas producer's stock valued at $391,809,000 after acquiring an additional 445,613 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Suncor Energy by 4.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,132,812 shares of the oil and gas producer's stock valued at $361,227,000 after acquiring an additional 437,252 shares in the last quarter. Institutional investors own 67.37% of the company's stock.

Wall Street Analyst Weigh In

SU has been the topic of several recent research reports. Scotiabank raised Suncor Energy to a "hold" rating in a report on Wednesday, March 19th. Tudor, Pickering, Holt & Co. raised Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Tudor Pickering raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Bank of America began coverage on Suncor Energy in a report on Wednesday, February 26th. They set a "neutral" rating on the stock. Finally, StockNews.com downgraded Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Five investment 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's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $59.20.

Suncor Energy Stock Up 2.1%

Shares of NYSE:SU traded up $0.73 during trading on Monday, reaching $35.69. 2,162,161 shares of the stock were exchanged, compared to its average volume of 4,563,870. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. Suncor Energy Inc. has a 1-year low of $30.79 and a 1-year high of $41.95. The stock has a fifty day moving average of $35.59 and a two-hundred day moving average of $37.40. The firm has a market cap of $44.01 billion, a price-to-earnings ratio of 10.34, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79.

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 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $13.39 billion. During the same quarter in the prior year, the company posted $1.41 earnings per share. Research analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be issued a dividend of $0.4133 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.65 annualized dividend and a yield of 4.63%. This is an increase from Suncor Energy's previous quarterly dividend of $0.40. Suncor Energy's dividend payout ratio is 45.53%.

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.