PDT Partners LLC Invests $20.10 Million in Suncor Energy Inc. $SU

PDT Partners LLC purchased a new stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 374,452 shares of the oil and gas producer’s stock, valued at approximately $20,101,000. Suncor Energy accounts for 1.1% of PDT Partners LLC’s holdings, making the stock its 7th largest position.

Other large investors have also made changes to their positions in the company. Versant Capital Management Inc grew its position in shares of Suncor Energy by 418.9% in the 2nd quarter. Versant Capital Management Inc now owns 493 shares of the oil and gas producer’s stock valued at $26,000 after purchasing an additional 398 shares during the period. 1 North Wealth Services LLC bought a new position in Suncor Energy in the fourth quarter valued at approximately $32,000. Cassaday & Co Wealth Management LLC bought a new position in Suncor Energy in the first quarter valued at approximately $53,000. Headlands Technologies LLC acquired a new position in shares of Suncor Energy in the second quarter valued at approximately $31,000. Finally, Accent Capital Management LLC boosted its holdings in shares of Suncor Energy by 37.5% in the fourth quarter. Accent Capital Management LLC now owns 825 shares of the oil and gas producer’s stock valued at $37,000 after buying an additional 225 shares during the period. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Trading Down 2.9%

NYSE:SU opened at $65.38 on Wednesday. The company has a market cap of $77.20 billion, a P/E ratio of 12.04, a price-to-earnings-growth ratio of 0.49 and a beta of 0.30. Suncor Energy Inc. has a twelve month low of $37.76 and a twelve month high of $70.29. The business has a 50 day moving average price of $61.32 and a two-hundred day moving average price of $61.86. The company has a quick ratio of 1.08, a current ratio of 1.65 and a debt-to-equity ratio of 0.19.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings data on Tuesday, August 4th. The oil and gas producer reported $2.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.19. The company had revenue of $13.41 billion for the quarter, compared to the consensus estimate of $11.68 billion. Suncor Energy had a net margin of 15.62% and a return on equity of 20.05%. During the same period last year, the company earned $0.71 earnings per share. As a group, analysts expect that Suncor Energy Inc. will post 7.39 EPS for the current fiscal year.

Suncor Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be given a $0.60 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.40 dividend on an annualized basis and a yield of 3.7%. Suncor Energy’s dividend payout ratio (DPR) is 32.04%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Weiss Ratings raised shares of Suncor Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 29th. Zacks Research cut shares of Suncor Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Wall Street Zen lowered shares of Suncor Energy from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Desjardins upgraded Suncor Energy to a “moderate buy” rating in a report on Thursday, July 16th. Finally, The Goldman Sachs Group downgraded Suncor Energy from a “buy” rating to a “neutral” rating and set a $72.00 price target on the stock. in a research note on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Suncor Energy has an average rating of “Moderate Buy” and a consensus target price of $80.25.

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.