Quadrant Capital Group LLC increased its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 35.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 15,709 shares of the oil and gas producer’s stock after acquiring an additional 4,105 shares during the period. Quadrant Capital Group LLC’s holdings in Suncor Energy were worth $499,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of SU. Halsey Associates Inc. CT grew its holdings in shares of Suncor Energy by 6.4% during the 4th quarter. Halsey Associates Inc. CT now owns 19,930 shares of the oil and gas producer’s stock worth $557,000 after purchasing an additional 1,200 shares in the last quarter. Ellis Investment Partners LLC acquired a new stake in shares of Suncor Energy during the 1st quarter worth approximately $428,000. Captrust Financial Advisors grew its holdings in shares of Suncor Energy by 7.4% during the 4th quarter. Captrust Financial Advisors now owns 18,936 shares of the oil and gas producer’s stock worth $530,000 after purchasing an additional 1,310 shares in the last quarter. Guinness Asset Management Ltd grew its holdings in shares of Suncor Energy by 22.2% during the 1st quarter. Guinness Asset Management Ltd now owns 360,462 shares of the oil and gas producer’s stock worth $11,686,000 after purchasing an additional 65,500 shares in the last quarter. Finally, First Manhattan Co. lifted its position in shares of Suncor Energy by 64.8% during the 4th quarter. First Manhattan Co. now owns 37,782 shares of the oil and gas producer’s stock worth $1,056,000 after buying an additional 14,856 shares during the period. 66.94% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently commented on the company. TheStreet downgraded Suncor Energy from a “b-” rating to a “c+” rating in a research report on Monday, February 11th. Macquarie upgraded Suncor Energy from a “neutral” rating to an “outperform” rating and set a $33.30 target price for the company in a research report on Thursday, February 7th. Morgan Stanley restated a “buy” rating on shares of Suncor Energy in a research report on Tuesday, January 29th. GMP Securities reiterated a “hold” rating and issued a $48.00 price objective on shares of Suncor Energy in a research report on Tuesday, May 7th. Finally, Zacks Investment Research upgraded Suncor Energy from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 23rd. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $49.23.
SU traded down $0.84 during trading on Wednesday, hitting $31.94. The company’s stock had a trading volume of 1,763,239 shares, compared to its average volume of 3,321,136. The company has a market cap of $51.17 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 1.88 and a beta of 1.16. Suncor Energy Inc. has a 12 month low of $25.81 and a 12 month high of $42.55. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.56 and a current ratio of 0.88.
Suncor Energy (NYSE:SU) (TSE:SU) last released its earnings results on Wednesday, May 1st. The oil and gas producer reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.38. The company had revenue of $7.07 billion during the quarter, compared to the consensus estimate of $7.06 billion. Suncor Energy had a return on equity of 10.06% and a net margin of 10.03%. During the same quarter in the previous year, the company posted $0.60 earnings per share. As a group, research analysts predict that Suncor Energy Inc. will post 2.44 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Tuesday, June 4th will be given a dividend of $0.3121 per share. The ex-dividend date is Monday, June 3rd. This represents a $1.25 dividend on an annualized basis and a dividend yield of 3.91%. Suncor Energy’s payout ratio is currently 63.50%.
Suncor Energy Company Profile
Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.
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