Suncor Energy Inc. (NYSE:SU) Shares Sold by Concentric Capital Strategies LP

Concentric Capital Strategies LP reduced its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 49.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 76,144 shares of the oil and gas producer's stock after selling 75,263 shares during the period. Concentric Capital Strategies LP's holdings in Suncor Energy were worth $2,717,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. CoreCommodity Management LLC grew its position in shares of Suncor Energy by 128.8% during the fourth quarter. CoreCommodity Management LLC now owns 36,397 shares of the oil and gas producer's stock worth $1,297,000 after acquiring an additional 20,488 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Suncor Energy by 4.6% during the fourth quarter. Cetera Investment Advisers now owns 90,152 shares of the oil and gas producer's stock worth $3,217,000 after acquiring an additional 3,964 shares during the last quarter. Centiva Capital LP grew its position in shares of Suncor Energy by 214.9% during the fourth quarter. Centiva Capital LP now owns 21,709 shares of the oil and gas producer's stock worth $775,000 after acquiring an additional 14,815 shares during the last quarter. Blue Capital Inc. purchased a new position in shares of Suncor Energy during the fourth quarter worth approximately $236,000. Finally, Cary Street Partners Financial LLC purchased a new position in shares of Suncor Energy during the fourth quarter worth approximately $250,000. 67.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SU. 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. StockNews.com lowered shares of Suncor Energy from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Scotiabank upgraded shares of Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Tudor Pickering upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Finally, Cibc World Mkts upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Suncor Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.20.

Suncor Energy Price Performance

Shares of Suncor Energy stock traded up $0.58 on Tuesday, hitting $36.45. The company's stock had a trading volume of 1,240,484 shares, compared to its average volume of 4,558,954. The company has a market capitalization of $44.95 billion, a P/E ratio of 10.57, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79. Suncor Energy Inc. has a 52-week low of $30.79 and a 52-week high of $41.95. The firm has a fifty day moving average price of $35.62 and a 200-day moving average price of $37.38. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported $0.91 EPS 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 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 period in the prior year, the company earned $1.41 EPS. On average, equities research analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The firm 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 represents a $1.65 dividend on an annualized basis and a yield of 4.54%. This is a boost 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 is presently 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.