Schonfeld Strategic Advisors LLC Boosts Stock Position in Suncor Energy Inc. (NYSE:SU)

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

Several other institutional investors also recently bought and sold shares of SU. World Investment Advisors LLC raised its position in shares of Suncor Energy by 5.9% in the 3rd quarter. World Investment Advisors LLC now owns 15,641 shares of the oil and gas producer's stock worth $577,000 after acquiring an additional 865 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Suncor Energy during the third quarter valued at about $104,000. Tidal Investments LLC boosted its holdings in shares of Suncor Energy by 59.6% in the 3rd quarter. Tidal Investments LLC now owns 21,971 shares of the oil and gas producer's stock valued at $811,000 after buying an additional 8,207 shares in the last quarter. Peapack Gladstone Financial Corp purchased a new position in shares of Suncor Energy in the 3rd quarter worth approximately $206,000. Finally, Franklin Resources Inc. raised its stake in shares of Suncor Energy by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 3,619,354 shares of the oil and gas producer's stock worth $146,948,000 after acquiring an additional 29,014 shares in the last quarter. 67.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SU. StockNews.com downgraded shares of Suncor Energy from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. Cibc World Mkts upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Scotiabank upgraded Suncor Energy to a "hold" rating in a research note on Wednesday, March 19th. Tudor Pickering upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Finally, Bank of America assumed coverage on shares of Suncor Energy in a report on Wednesday, February 26th. They set a "neutral" rating on the stock. 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. Based on data from MarketBeat.com, Suncor Energy has a consensus rating of "Moderate Buy" and a consensus target price of $59.20.

Suncor Energy Stock Performance

NYSE:SU traded up $0.72 during midday trading on Friday, hitting $34.97. The company's stock had a trading volume of 4,911,108 shares, compared to its average volume of 4,573,309. The firm's 50 day moving average is $35.59 and its 200-day moving average is $37.41. The firm has a market cap of $43.12 billion, a P/E ratio of 10.14, a P/E/G ratio of 2.94 and a beta of 0.79. 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 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 issued its earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.05. The firm had revenue of $9.10 billion for the quarter, compared to the consensus estimate of $13.39 billion. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. During the same quarter in the prior year, the business earned $1.41 earnings per share. Equities analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Investors 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 yield of 4.73%. The ex-dividend date 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 (DPR) is currently 45.24%.

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.