Suncor Energy Inc. (NYSE:SU) Shares Purchased by USS Investment Management Ltd

USS Investment Management Ltd boosted its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 69.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 317,603 shares of the oil and gas producer’s stock after purchasing an additional 130,003 shares during the quarter. USS Investment Management Ltd’s holdings in Suncor Energy were worth $11,319,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of SU. HHM Wealth Advisors LLC lifted its holdings in shares of Suncor Energy by 62.1% in the 4th quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer’s stock valued at $30,000 after buying an additional 325 shares during the period. Crowley Wealth Management Inc. purchased a new position in Suncor Energy during the fourth quarter valued at approximately $35,000. Lee Danner & Bass Inc. purchased a new position in Suncor Energy during the fourth quarter valued at approximately $36,000. Golden State Wealth Management LLC acquired a new position in Suncor Energy in the fourth quarter valued at approximately $39,000. Finally, Covestor Ltd boosted its position in Suncor Energy by 30.5% in the 4th quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer’s stock worth $39,000 after purchasing an additional 256 shares in the last quarter. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SU shares. Bank of America started coverage on shares of Suncor Energy in a report on Wednesday, February 26th. They set a “neutral” rating for the company. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Scotiabank upgraded shares of Suncor Energy to a “hold” rating in a research report on Wednesday, March 19th. StockNews.com cut Suncor Energy from a “buy” rating to a “hold” rating in a research report on Thursday, April 17th. Finally, Cibc World Mkts raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Suncor Energy currently has an average rating of “Moderate Buy” and an average target price of $59.20.

Suncor Energy Trading Down 0.5%

Shares of SU stock opened at $35.22 on Wednesday. Suncor Energy Inc. has a fifty-two week low of $30.79 and a fifty-two week high of $41.95. 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 stock’s fifty day moving average is $35.66 and its two-hundred day moving average is $37.29. The firm has a market capitalization of $43.43 billion, a P/E ratio of 10.21, a PEG ratio of 2.94 and a beta of 0.79.

Suncor Energy (NYSE:SU) (TSE:SU) last released 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. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. The company had revenue of $9.10 billion during the quarter, compared to the consensus estimate of $13.39 billion. During the same quarter in the prior year, the firm earned $1.41 EPS. Research analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be issued a $0.4133 dividend. This represents a $1.65 annualized dividend and a dividend yield of 4.69%. The ex-dividend date is Wednesday, June 4th. This is a boost from Suncor Energy’s previous quarterly dividend of $0.40. Suncor Energy’s dividend payout ratio (DPR) is currently 45.53%.

Suncor Energy 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.