37,262 Shares in Suncor Energy Inc. $SU Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. purchased a new stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 37,262 shares of the oil and gas producer’s stock, valued at approximately $2,002,000.

A number of other large investors have also modified their holdings of SU. Arrowstreet Capital Limited Partnership grew its stake in Suncor Energy by 121.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 26,085,360 shares of the oil and gas producer’s stock worth $1,724,954,000 after purchasing an additional 14,304,131 shares in the last quarter. FIL Ltd grew its position in shares of Suncor Energy by 14.0% during the fourth quarter. FIL Ltd now owns 21,050,387 shares of the oil and gas producer’s stock worth $934,312,000 after buying an additional 2,592,516 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Suncor Energy by 2.7% during the fourth quarter. Principal Financial Group Inc. now owns 19,371,704 shares of the oil and gas producer’s stock worth $860,933,000 after buying an additional 516,783 shares during the period. Fisher Asset Management LLC raised its holdings in Suncor Energy by 8.3% in the fourth quarter. Fisher Asset Management LLC now owns 16,820,924 shares of the oil and gas producer’s stock valued at $746,176,000 after acquiring an additional 1,289,959 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Suncor Energy in the second quarter valued at approximately $816,551,000. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Analyst Ratings Changes

SU has been the topic of a number of analyst reports. Morgan Stanley set a $106.00 price objective on shares of Suncor Energy in a report on Wednesday, August 19th. Scotiabank upgraded Suncor Energy to a “strong-buy” rating in a research note on Friday, June 26th. Zacks Research downgraded Suncor Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Desjardins raised Suncor Energy to a “moderate buy” rating in a research report on Thursday, July 16th. Finally, 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 research report on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $80.25.

Suncor Energy Stock Performance

NYSE SU opened at $65.50 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.65 and a quick ratio of 1.08. Suncor Energy Inc. has a 1 year low of $37.76 and a 1 year high of $70.29. The company has a market capitalization of $77.34 billion, a PE ratio of 12.06, a P/E/G ratio of 0.47 and a beta of 0.30. The company has a fifty day moving average of $61.93 and a two-hundred day moving average of $62.06.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its earnings results on Tuesday, August 4th. The oil and gas producer reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.19. Suncor Energy had a return on equity of 20.05% and a net margin of 15.62%.The business had revenue of $13.41 billion for the quarter, compared to analysts’ expectations of $11.68 billion. During the same quarter in the previous year, the firm earned $0.71 earnings per share. As a group, analysts expect that Suncor Energy Inc. will post 7.39 earnings per share for the current year.

Suncor Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.40 annualized dividend and a yield of 3.7%. Suncor Energy’s payout ratio is 32.04%.

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.