Suncor Energy Inc. (NYSE:SU) Shares Bought by Graham Capital Management L.P.

Graham Capital Management L.P. grew its holdings in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 320.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 262,430 shares of the oil and gas producer's stock after acquiring an additional 199,946 shares during the period. Graham Capital Management L.P.'s holdings in Suncor Energy were worth $9,364,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings 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 in the last quarter. Artisan Partners Limited Partnership raised its stake in Suncor Energy by 0.7% in the fourth 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 buying an additional 169,700 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in 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 worth $831,631,000 after buying an additional 209,447 shares during the last quarter. Dimensional Fund Advisors LP boosted its position 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 worth $391,809,000 after acquiring an additional 445,613 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position 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 worth $361,227,000 after acquiring an additional 437,252 shares in the last quarter. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Suncor Energy Price Performance

Shares of NYSE SU opened at $34.97 on Friday. The company's fifty day moving average is $35.59 and its two-hundred day moving average is $37.42. 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 firm has a market capitalization of $43.12 billion, a P/E ratio of 10.14, a PEG ratio of 2.94 and a beta of 0.79. Suncor Energy Inc. has a one year low of $30.79 and a one year high of $41.95.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its quarterly earnings data 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. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. The firm had revenue of $9.10 billion for the quarter, compared to the consensus estimate of $13.39 billion. During the same quarter in the previous year, the firm earned $1.41 earnings per share. Analysts forecast 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. Investors of record on Wednesday, June 4th will be paid a $0.4133 dividend. This is an increase from Suncor Energy's previous quarterly dividend of $0.40. This represents a $1.65 annualized dividend and a yield of 4.73%. 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

A number of analysts have weighed in on the stock. Cibc World Mkts raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Bank of America initiated coverage on Suncor Energy in a report on Wednesday, February 26th. They set a "neutral" rating on the stock. Tudor, Pickering, Holt & Co. raised Suncor Energy from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Scotiabank raised shares of Suncor Energy to a "hold" rating in a report on Wednesday, March 19th. Finally, Tudor Pickering raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Five equities research 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, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $59.20.

About Suncor Energy

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.

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