Barings LLC grew its position in Suncor Energy Inc. (NYSE:SU – Free Report) (TSE:SU) by 231.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 288,783 shares of the oil and gas producer’s stock after purchasing an additional 201,608 shares during the period. Barings LLC’s holdings in Suncor Energy were worth $19,104,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC raised its holdings in shares of Suncor Energy by 7,636.8% during the fourth quarter. AQR Capital Management LLC now owns 6,016,483 shares of the oil and gas producer’s stock valued at $267,042,000 after acquiring an additional 5,938,719 shares during the period. FIL Ltd lifted its position in shares of Suncor Energy by 14.0% in the 4th quarter. FIL Ltd now owns 21,050,387 shares of the oil and gas producer’s stock valued at $934,312,000 after acquiring an additional 2,592,516 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Suncor Energy by 5,468.8% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,289,219 shares of the oil and gas producer’s stock worth $101,609,000 after purchasing an additional 2,248,111 shares during the period. Alberta Investment Management Corp purchased a new position in Suncor Energy during the 4th quarter worth approximately $93,960,000. Finally, Alyeska Investment Group L.P. grew its position in Suncor Energy by 334.8% during the 3rd quarter. Alyeska Investment Group L.P. now owns 2,590,863 shares of the oil and gas producer’s stock worth $108,324,000 after purchasing an additional 1,995,007 shares in the last quarter. 67.37% of the stock is owned by hedge funds and other institutional investors.
Suncor Energy Trading Down 0.0%
Shares of NYSE:SU opened at $60.63 on Friday. The company has a current ratio of 1.42, a quick ratio of 0.92 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $71.59 billion, a PE ratio of 15.91 and a beta of 0.30. Suncor Energy Inc. has a 1 year low of $37.76 and a 1 year high of $70.29. The firm has a fifty day moving average price of $61.14 and a 200 day moving average price of $58.65.
Suncor Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.0%. Suncor Energy’s dividend payout ratio is currently 45.67%.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the company. The Goldman Sachs Group lowered Suncor Energy from a “buy” rating to a “neutral” rating and set a $72.00 target price for the company. in a report on Friday, June 5th. Royal Bank Of Canada lifted their price target on Suncor Energy from $75.00 to $89.00 and gave the company an “outperform” rating in a report on Wednesday, April 1st. Scotiabank raised Suncor Energy to a “strong-buy” rating in a research report on Friday, June 26th. Weiss Ratings downgraded Suncor Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. Finally, Zacks Research upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Suncor Energy has a consensus rating of “Buy” and a consensus price target of $71.67.
View Our Latest Analysis on Suncor Energy
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.
Featured Stories
- Five stocks we like better than Suncor Energy
- Why Abbott Laboratories Stock Is Suddenly Winning Back Wall Street
- Revving Up Returns: Big Banks Race Through the Rate Plateau
- Why Uber’s Biggest Deal Yet Could Unlock Its Next Growth Phase
- Why Microsoft Is Playing a Different AI Game Than Big Tech—and Cash Flow Is the Test
Want to see what other hedge funds are holding SU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Suncor Energy Inc. (NYSE:SU – Free Report) (TSE:SU).
Receive News & Ratings for Suncor Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy and related companies with MarketBeat.com's FREE daily email newsletter.
