Suncor Energy Inc. $SU Shares Purchased by Capital Research Global Investors

Capital Research Global Investors boosted its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 0.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 4,973,331 shares of the oil and gas producer’s stock after acquiring an additional 13,028 shares during the period. Capital Research Global Investors’ holdings in Suncor Energy were worth $220,739,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SU. Fisher Asset Management LLC grew its stake 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 valued at $649,350,000 after acquiring an additional 7,158,953 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Suncor Energy by 62.2% in 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 purchasing an additional 5,113,280 shares in the last quarter. Alyeska Investment Group L.P. lifted its holdings in Suncor Energy by 334.8% in the 3rd quarter. Alyeska Investment Group L.P. now owns 2,590,863 shares of the oil and gas producer’s stock valued at $108,324,000 after purchasing an additional 1,995,007 shares in the last quarter. Bank of Nova Scotia lifted its holdings in Suncor Energy by 63.5% in the 3rd quarter. Bank of Nova Scotia now owns 5,028,399 shares of the oil and gas producer’s stock valued at $210,474,000 after purchasing an additional 1,952,444 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in Suncor Energy by 173.2% in the 3rd quarter. Lazard Asset Management LLC now owns 3,036,031 shares of the oil and gas producer’s stock valued at $126,994,000 after purchasing an additional 1,924,923 shares in the last quarter. 67.37% of the stock is owned by institutional investors and hedge funds.

Suncor Energy Trading Up 0.1%

Shares of SU stock opened at $62.28 on Monday. The firm has a market cap of $73.54 billion, a P/E ratio of 16.35 and a beta of 0.27. Suncor Energy Inc. has a 1-year low of $36.60 and a 1-year high of $70.29. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.42 and a quick ratio of 0.92. The firm’s 50-day simple moving average is $65.31 and its 200-day simple moving average is $55.84.

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

Suncor Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be issued a $0.60 dividend. The ex-dividend date is Thursday, June 4th. This represents a $2.40 annualized dividend and a yield of 3.9%. Suncor Energy’s dividend payout ratio (DPR) is presently 45.41%.

Analysts Set New Price Targets

A number of research analysts have issued reports on SU shares. Weiss Ratings lowered shares of Suncor Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday. The Goldman Sachs Group lowered shares of 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. Royal Bank Of Canada upped their target price on shares of Suncor Energy from $75.00 to $89.00 and gave the company an “outperform” rating in a report on Wednesday, April 1st. Wall Street Zen lowered shares of Suncor Energy from a “strong-buy” rating to a “buy” rating in a report on Sunday. Finally, ATB Cormark Capital Markets upgraded 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.