Mirabella Financial Services LLP Acquires 37,650 Shares of Suncor Energy Inc. $SU

Mirabella Financial Services LLP lifted its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 369.2% in the 3rd quarter, Holdings Channel reports. The firm owned 47,848 shares of the oil and gas producer’s stock after acquiring an additional 37,650 shares during the period. Mirabella Financial Services LLP’s holdings in Suncor Energy were worth $1,999,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SU. Artisan Partners Limited Partnership boosted its position in shares of Suncor Energy by 38.5% during the second quarter. Artisan Partners Limited Partnership now owns 33,722,975 shares of the oil and gas producer’s stock valued at $1,264,043,000 after buying an additional 9,378,552 shares during the last quarter. Fisher Asset Management LLC raised its position in Suncor Energy by 85.5% in the 3rd quarter. Fisher Asset Management LLC now owns 15,530,965 shares of the oil and gas producer’s stock worth $649,350,000 after buying an additional 7,158,953 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Suncor Energy by 62.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 13,335,239 shares of the oil and gas producer’s stock valued at $557,682,000 after acquiring an additional 5,113,280 shares during the period. Canada Pension Plan Investment Board lifted its stake in Suncor Energy by 29.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 10,555,381 shares of the oil and gas producer’s stock valued at $395,649,000 after acquiring an additional 2,406,000 shares during the period. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of Suncor Energy during the 2nd quarter valued at about $74,767,000. 67.37% of the stock is owned by institutional investors.

Suncor Energy Trading Up 1.1%

Suncor Energy stock opened at $61.97 on Thursday. Suncor Energy Inc. has a 52-week low of $30.79 and a 52-week high of $63.96. The company has a market cap of $73.74 billion, a P/E ratio of 17.86 and a beta of 0.43. The company has a quick ratio of 0.89, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. The business has a 50-day simple moving average of $54.25 and a two-hundred day simple moving average of $46.50.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings data on Tuesday, February 3rd. The oil and gas producer reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.02. The firm had revenue of $8.77 billion for the quarter, compared to analysts’ expectations of $8.79 billion. Suncor Energy had a net margin of 11.99% and a return on equity of 12.51%. During the same quarter in the prior year, the business earned $1.25 EPS. Analysts predict that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th will be given a $0.60 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $2.40 annualized dividend and a yield of 3.9%. Suncor Energy’s dividend payout ratio (DPR) is presently 50.72%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Zacks Research lowered shares of Suncor Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. The Goldman Sachs Group increased their price objective on shares of Suncor Energy from $55.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. Royal Bank Of Canada lifted their target price on shares of Suncor Energy from $69.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. JPMorgan Chase & Co. upgraded shares of Suncor Energy from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $46.15 to $54.00 in a research note on Tuesday, January 20th. Finally, Wall Street Zen cut Suncor Energy from a “buy” rating to a “hold” rating in a report on Sunday, December 28th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $63.67.

Suncor Energy Profile

Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company’s operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.

Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.