Suncor Energy Inc. $SU Shares Bought by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co lifted its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 28.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 41,800 shares of the oil and gas producer’s stock after purchasing an additional 9,300 shares during the quarter. PKO Investment Management Joint Stock Co’s holdings in Suncor Energy were worth $2,759,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of SU. Swiss Life Asset Management Ltd increased its stake in shares of Suncor Energy by 35.0% during the third quarter. Swiss Life Asset Management Ltd now owns 101,192 shares of the oil and gas producer’s stock valued at $4,240,000 after acquiring an additional 26,252 shares during the period. Picton Mahoney Asset Management raised its holdings in Suncor Energy by 314.8% during the third quarter. Picton Mahoney Asset Management now owns 627,313 shares of the oil and gas producer’s stock worth $26,246,000 after purchasing an additional 476,077 shares in the last quarter. Intact Investment Management Inc. lifted its position in Suncor Energy by 36.3% in the fourth quarter. Intact Investment Management Inc. now owns 1,695,160 shares of the oil and gas producer’s stock worth $75,236,000 after purchasing an additional 451,110 shares during the period. American Century Companies Inc. lifted its position in Suncor Energy by 2.1% in the third quarter. American Century Companies Inc. now owns 896,556 shares of the oil and gas producer’s stock worth $37,519,000 after purchasing an additional 18,231 shares during the period. Finally, Cantor Fitzgerald L. P. bought a new position in Suncor Energy during the 3rd quarter valued at $1,067,000. 67.37% of the stock is owned by institutional investors and hedge funds.

Suncor Energy Price Performance

Shares of NYSE:SU opened at $56.15 on Tuesday. The company has a market capitalization of $66.30 billion, a PE ratio of 14.74 and a beta of 0.27. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.92 and a current ratio of 1.42. The stock has a fifty day moving average of $63.90 and a 200-day moving average of $56.97. Suncor Energy Inc. has a one year low of $37.22 and a one year high of $70.29.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its earnings results on Tuesday, May 5th. The oil and gas producer reported $1.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.04). Suncor Energy had a return on equity of 13.96% and a net margin of 12.29%.The company had revenue of $10.41 billion during the quarter, compared to analyst estimates of $9.22 billion. During the same quarter in the previous year, the firm earned $1.31 earnings per share. As a group, equities analysts anticipate that Suncor Energy Inc. will post 7.07 EPS for the current fiscal year.

Suncor Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $2.40 dividend on an annualized basis and a yield of 4.3%. Suncor Energy’s dividend payout ratio is currently 45.41%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Royal Bank Of Canada lifted their price target on Suncor Energy from $75.00 to $89.00 and gave the company an “outperform” rating in a research report on Wednesday, April 1st. Weiss Ratings cut Suncor Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Wall Street Zen lowered Suncor Energy from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 7th. The Goldman Sachs Group lowered Suncor Energy from a “buy” rating to a “neutral” rating and set a $72.00 target price on the stock. in a report on Friday, June 5th. Finally, ATB Cormark Capital Markets raised shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a report on Wednesday, April 1st. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $71.67.

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.