Westerkirk Capital Inc. Purchases 10,400 Shares of Suncor Energy Inc. $SU

Westerkirk Capital Inc. raised its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 13.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 85,210 shares of the oil and gas producer’s stock after buying an additional 10,400 shares during the quarter. Westerkirk Capital Inc.’s holdings in Suncor Energy were worth $3,563,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Artisan Partners Limited Partnership raised its stake in shares of Suncor Energy by 38.5% during the 2nd quarter. Artisan Partners Limited Partnership now owns 33,722,975 shares of the oil and gas producer’s stock worth $1,264,043,000 after acquiring an additional 9,378,552 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Suncor Energy by 49.6% during the second quarter. Fisher Asset Management LLC now owns 8,372,012 shares of the oil and gas producer’s stock worth $313,532,000 after purchasing an additional 2,777,150 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of 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 purchasing an additional 2,406,000 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in shares of Suncor Energy in the 2nd quarter worth $74,767,000. Finally, Vanguard Group Inc. boosted its position in shares of Suncor Energy by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 54,631,516 shares of the oil and gas producer’s stock worth $2,046,442,000 after purchasing an additional 1,632,247 shares in the last quarter. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Wall Street Analyst Weigh In

SU has been the subject of a number of research analyst reports. Wall Street Zen cut Suncor Energy from a “buy” rating to a “hold” rating in a research note on Sunday, December 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Suncor Energy in a research report on Monday, December 29th. The Goldman Sachs Group lifted their target price on shares of Suncor Energy from $48.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. JPMorgan Chase & Co. upgraded shares of Suncor Energy from a “neutral” rating to an “overweight” rating and upped their price target for the company from $46.15 to $54.00 in a research note on Tuesday, January 20th. Finally, Zacks Research cut shares of Suncor Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Suncor Energy currently has an average rating of “Moderate Buy” and a consensus price target of $61.00.

Suncor Energy Price Performance

Shares of NYSE SU opened at $55.73 on Friday. Suncor Energy Inc. has a 52 week low of $30.79 and a 52 week high of $57.13. The business’s 50 day moving average price is $49.14 and its 200 day moving average price is $44.18. 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 firm has a market cap of $66.31 billion, a P/E ratio of 16.06 and a beta of 0.46.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings data on Tuesday, February 3rd. The oil and gas producer reported $0.79 EPS for the quarter, beating the consensus estimate of $0.77 by $0.02. The business had revenue of $8.77 billion during 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 period in the previous year, the business posted $1.25 EPS. On average, sell-side analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Dividend Announcement

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 issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, March 4th. Suncor Energy’s dividend payout ratio is presently 49.57%.

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.