Schonfeld Strategic Advisors LLC Buys 47,702 Shares of Suncor Energy Inc. (NYSE:SU)

Schonfeld Strategic Advisors LLC raised its stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 170.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,656 shares of the oil and gas producer's stock after purchasing an additional 47,702 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Suncor Energy were worth $2,699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the company. HHM Wealth Advisors LLC increased its stake 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 purchasing an additional 325 shares during the period. Crowley Wealth Management Inc. bought a new stake in Suncor Energy during the 4th quarter valued at $35,000. Lee Danner & Bass Inc. bought a new stake in Suncor Energy during the 4th quarter valued at $36,000. Golden State Wealth Management LLC bought a new stake in Suncor Energy in the 4th quarter worth $39,000. Finally, Covestor Ltd increased 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 during the period. Institutional investors own 67.37% of the company's stock.

Suncor Energy Stock Performance

NYSE SU traded down $1.13 during trading hours on Wednesday, hitting $33.99. The company's stock had a trading volume of 14,195,864 shares, compared to its average volume of 4,560,093. The company's 50 day simple moving average is $35.64 and its two-hundred day simple moving average is $37.48. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. The company has a market cap of $41.91 billion, a P/E ratio of 9.85, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79. Suncor Energy Inc. has a 12 month low of $30.79 and a 12 month high of $41.95.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.05. The business had revenue of $9.10 billion for the quarter, compared to analysts' expectations of $13.39 billion. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. During the same quarter last year, the company posted $1.41 EPS. As a group, sell-side analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be given a dividend of $0.4133 per share. This represents a $1.65 annualized dividend and a dividend yield of 4.86%. This is an increase from Suncor Energy's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Wednesday, June 4th. Suncor Energy's dividend payout ratio (DPR) is presently 45.24%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SU. 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 upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. StockNews.com cut shares of Suncor Energy from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Royal Bank of Canada reiterated an "outperform" rating and set a $66.00 price target on shares of Suncor Energy in a research report on Tuesday, January 7th. Finally, Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $59.20.

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.