Sustainable Insight Capital Management LLC Purchases New Shares in Suncor Energy Inc. $SU

Sustainable Insight Capital Management LLC purchased a new stake in Suncor Energy Inc. (NYSE:SUFree Report) (TSE:SU) during the 4th quarter, HoldingsChannel reports. The firm purchased 17,400 shares of the oil and gas producer’s stock, valued at approximately $772,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Qtron Investments LLC lifted its position in Suncor Energy by 205.3% during the fourth quarter. Qtron Investments LLC now owns 31,661 shares of the oil and gas producer’s stock valued at $1,407,000 after buying an additional 21,291 shares during the period. UniSuper Management Pty Ltd lifted its position in Suncor Energy by 12.1% during the fourth quarter. UniSuper Management Pty Ltd now owns 24,000 shares of the oil and gas producer’s stock valued at $1,065,000 after buying an additional 2,600 shares during the period. Picton Mahoney Asset Management lifted its position in Suncor Energy by 52.2% during the fourth quarter. Picton Mahoney Asset Management now owns 954,786 shares of the oil and gas producer’s stock valued at $42,438,000 after buying an additional 327,473 shares during the period. Empowered Funds LLC lifted its position in Suncor Energy by 52.4% during the fourth quarter. Empowered Funds LLC now owns 86,318 shares of the oil and gas producer’s stock valued at $3,829,000 after buying an additional 29,675 shares during the period. Finally, Deutsche Bank AG lifted its position in Suncor Energy by 29.5% during the fourth quarter. Deutsche Bank AG now owns 3,548,304 shares of the oil and gas producer’s stock valued at $157,403,000 after buying an additional 809,333 shares during the period. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Suncor Energy Price Performance

SU opened at $61.81 on Friday. The stock has a 50-day moving average price of $65.01 and a 200-day moving average price of $56.33. Suncor Energy Inc. has a 1 year low of $37.22 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 has a market cap of $72.98 billion, a PE ratio of 16.22 and a beta of 0.27.

Suncor Energy (NYSE:SUGet Free Report) (TSE:SU) last announced its quarterly earnings results 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 firm had revenue of $10.41 billion for the quarter, compared to the consensus estimate 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 last year, the business earned $1.31 EPS. Sell-side analysts predict that Suncor Energy Inc. will post 7.07 earnings per share for the current fiscal year.

Suncor Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.9%. The ex-dividend date is Thursday, June 4th. Suncor Energy’s dividend payout ratio (DPR) is currently 45.67%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on SU shares. The Goldman Sachs Group lowered 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, June 5th. Wall Street Zen lowered Suncor Energy from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 7th. Royal Bank Of Canada raised their price objective on Suncor Energy from $75.00 to $89.00 and gave the company an “outperform” rating in a research report on Wednesday, April 1st. Weiss Ratings lowered Suncor Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Finally, ATB Cormark Capital Markets raised Suncor Energy from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, April 1st. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.67.

Check Out Our Latest Analysis on SU

Suncor Energy Profile

(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

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

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