Strategic Global Advisors LLC Increases Stock Position in Suncor Energy Inc. $SU

Strategic Global Advisors LLC raised its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 117.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,044 shares of the oil and gas producer’s stock after purchasing an additional 12,470 shares during the period. Strategic Global Advisors LLC’s holdings in Suncor Energy were worth $1,022,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its holdings in shares of Suncor Energy by 18.0% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 3,844 shares of the oil and gas producer’s stock valued at $171,000 after purchasing an additional 587 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Suncor Energy by 10.2% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 81,046 shares of the oil and gas producer’s stock valued at $3,595,000 after purchasing an additional 7,501 shares in the last quarter. MML Investors Services LLC lifted its holdings in shares of Suncor Energy by 52.7% in the fourth quarter. MML Investors Services LLC now owns 45,590 shares of the oil and gas producer’s stock valued at $2,022,000 after purchasing an additional 15,729 shares in the last quarter. Mariner LLC lifted its holdings in shares of Suncor Energy by 11.2% in the fourth quarter. Mariner LLC now owns 81,483 shares of the oil and gas producer’s stock valued at $3,615,000 after purchasing an additional 8,213 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Suncor Energy by 5,468.8% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,289,219 shares of the oil and gas producer’s stock valued at $101,609,000 after purchasing an additional 2,248,111 shares in the last quarter. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Suncor Energy Stock Performance

NYSE:SU opened at $61.56 on Monday. The firm has a 50 day simple moving average of $64.94 and a 200-day simple moving average of $56.45. 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 has a market cap of $72.69 billion, a PE ratio of 16.16 and a beta of 0.27. Suncor Energy Inc. has a 1-year low of $37.22 and a 1-year high of $70.29.

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

Suncor Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Thursday, June 4th. Suncor Energy’s payout ratio is currently 45.67%.

Wall Street Analysts Forecast Growth

SU has been the topic of several recent research reports. Wall Street Zen downgraded shares of Suncor Energy from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 7th. ATB Cormark Capital Markets raised shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, April 1st. Royal Bank Of Canada boosted their price objective on shares of Suncor Energy from $75.00 to $89.00 and gave the company an “outperform” rating in a research report on Wednesday, April 1st. Zacks Research lowered shares of Suncor Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Finally, Weiss Ratings lowered shares of Suncor Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $71.67.

About Suncor Energy

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.