Sivia Capital Partners LLC Takes Position in Suncor Energy Inc. $SU

Sivia Capital Partners LLC bought a new stake in Suncor Energy Inc. (NYSE:SUFree Report) (TSE:SU) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,363 shares of the oil and gas producer’s stock, valued at approximately $371,000.

A number of other institutional investors also recently modified their holdings of SU. Atlantic Edge Private Wealth Management LLC boosted its position in shares of Suncor Energy by 54.9% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 635 shares of the oil and gas producer’s stock valued at $28,000 after acquiring an additional 225 shares during the period. Headlands Technologies LLC bought a new stake in shares of Suncor Energy in the second quarter valued at about $31,000. Smartleaf Asset Management LLC boosted its position in shares of Suncor Energy by 95.8% in the third quarter. Smartleaf Asset Management LLC now owns 793 shares of the oil and gas producer’s stock valued at $33,000 after acquiring an additional 388 shares during the period. Accent Capital Management LLC boosted its position in shares of Suncor Energy by 37.5% in the fourth quarter. Accent Capital Management LLC now owns 825 shares of the oil and gas producer’s stock valued at $37,000 after acquiring an additional 225 shares during the period. Finally, Maseco LLP bought a new stake in shares of Suncor Energy in the fourth quarter valued at about $39,000. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Trading Down 4.9%

SU opened at $62.28 on Friday. Suncor Energy Inc. has a twelve month low of $36.60 and a twelve month high of $70.29. The company has a 50-day simple moving average of $65.31 and a 200 day simple moving average of $55.76. The company has a quick ratio of 0.92, a current ratio of 1.42 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $73.54 billion, a price-to-earnings ratio of 16.35 and a beta of 0.27.

Suncor Energy (NYSE:SUGet Free Report) (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 the consensus estimate of $1.45 by ($0.04). Suncor Energy had a return on equity of 13.96% and a net margin of 12.29%.The firm had revenue of $10.41 billion for the quarter, compared to the consensus estimate of $9.22 billion. During the same period in the prior year, the company earned $1.31 EPS. Analysts predict 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. Investors of record on Thursday, June 4th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $2.40 annualized dividend and a yield of 3.9%. Suncor Energy’s dividend payout ratio is currently 45.67%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SU. 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. Zacks Research cut shares of Suncor Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Royal Bank Of Canada boosted their target price 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. The Goldman Sachs Group cut shares of Suncor Energy from a “buy” rating to a “neutral” rating and set a $72.00 price objective for the company. in a research report on Friday. Finally, Wall Street Zen raised shares of Suncor Energy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.67.

View Our Latest Report on Suncor Energy

About Suncor Energy

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Suncor Energy (NYSE:SU)

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