Suncor Energy Inc. (NYSE:SU) Shares Bought by Syon Capital LLC

Syon Capital LLC lifted its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 92.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 21,724 shares of the oil and gas producer’s stock after acquiring an additional 10,427 shares during the quarter. Syon Capital LLC’s holdings in Suncor Energy were worth $696,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SU. CWM LLC raised its position in shares of Suncor Energy by 24.0% during the 3rd quarter. CWM LLC now owns 3,361 shares of the oil and gas producer’s stock valued at $116,000 after acquiring an additional 650 shares in the last quarter. AE Wealth Management LLC raised its position in shares of Suncor Energy by 8.8% during the 3rd quarter. AE Wealth Management LLC now owns 8,926 shares of the oil and gas producer’s stock valued at $307,000 after acquiring an additional 723 shares in the last quarter. IFP Advisors Inc grew its stake in Suncor Energy by 25.8% during the 3rd quarter. IFP Advisors Inc now owns 2,439 shares of the oil and gas producer’s stock worth $84,000 after buying an additional 500 shares during the last quarter. Global Retirement Partners LLC grew its stake in Suncor Energy by 65.6% during the 3rd quarter. Global Retirement Partners LLC now owns 1,676 shares of the oil and gas producer’s stock worth $53,000 after buying an additional 664 shares during the last quarter. Finally, Private Trust Co. NA grew its stake in Suncor Energy by 38.4% during the 3rd quarter. Private Trust Co. NA now owns 1,222 shares of the oil and gas producer’s stock worth $42,000 after buying an additional 339 shares during the last quarter. 67.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on SU shares. Morgan Stanley upped their price objective on Suncor Energy from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $52.00.

Suncor Energy Stock Performance

Shares of NYSE:SU traded down $0.03 on Friday, hitting $39.41. The company’s stock had a trading volume of 2,089,214 shares, compared to its average volume of 4,263,857. Suncor Energy Inc. has a 12 month low of $27.59 and a 12 month high of $39.63. The company has a market capitalization of $50.73 billion, a price-to-earnings ratio of 8.39, a price-to-earnings-growth ratio of 3.46 and a beta of 1.13. The stock’s 50-day moving average is $36.32 and its two-hundred day moving average is $33.86. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.88 and a current ratio of 1.44.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings results on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.13. Suncor Energy had a return on equity of 16.08% and a net margin of 16.33%. The company had revenue of $10.39 billion during the quarter, compared to analysts’ expectations of $8.46 billion. During the same quarter in the prior year, the business posted $1.33 earnings per share. On average, equities research analysts forecast that Suncor Energy Inc. will post 3.78 EPS for the current year.

Suncor Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 4th were paid a dividend of $0.406 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.62 annualized dividend and a yield of 4.12%. This is a boost from Suncor Energy’s previous quarterly dividend of $0.39. Suncor Energy’s dividend payout ratio (DPR) is currently 34.26%.

Suncor Energy Profile

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.