Sather Financial Group Inc purchased a new stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 6,572 shares of the oil and gas producer’s stock, valued at approximately $241,000.
Several other institutional investors have also made changes to their positions in SU. Thornburg Investment Management Inc. acquired a new position in shares of Suncor Energy in the 3rd quarter valued at $136,771,000. Mackenzie Financial Corp lifted its stake in shares of Suncor Energy by 139.2% in the 4th quarter. Mackenzie Financial Corp now owns 4,707,475 shares of the oil and gas producer’s stock valued at $172,858,000 after purchasing an additional 2,739,650 shares during the last quarter. APG Asset Management N.V. lifted its stake in shares of Suncor Energy by 53.9% in the 4th quarter. APG Asset Management N.V. now owns 7,248,085 shares of the oil and gas producer’s stock valued at $222,332,000 after purchasing an additional 2,537,800 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Suncor Energy by 19.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 15,055,215 shares of the oil and gas producer’s stock valued at $552,828,000 after purchasing an additional 2,495,585 shares during the last quarter. Finally, Check Capital Management Inc. CA lifted its stake in shares of Suncor Energy by 95.8% in the 3rd quarter. Check Capital Management Inc. CA now owns 4,094,299 shares of the oil and gas producer’s stock valued at $143,423,000 after purchasing an additional 2,002,773 shares during the last quarter. 65.62% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE SU opened at $36.11 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.64 and a debt-to-equity ratio of 0.29. Suncor Energy Inc. has a 1-year low of $27.96 and a 1-year high of $38.39. The stock has a market cap of $56,526.67, a price-to-earnings ratio of 23.91, a P/E/G ratio of 2.42 and a beta of 0.82.
Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings results on Thursday, February 8th. The oil and gas producer reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.07. Suncor Energy had a return on equity of 7.15% and a net margin of 13.93%. The company had revenue of $7.12 billion for the quarter, compared to the consensus estimate of $6.43 billion. research analysts expect that Suncor Energy Inc. will post 1.67 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, March 26th. Shareholders of record on Monday, March 5th were issued a dividend of $0.286 per share. This is an increase from Suncor Energy’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, March 2nd. This represents a $1.14 annualized dividend and a yield of 3.17%. Suncor Energy’s dividend payout ratio is 76.16%.
Several research firms recently issued reports on SU. TD Securities upgraded Suncor Energy from a “hold” rating to a “buy” rating in a report on Friday, February 9th. Zacks Investment Research upgraded Suncor Energy from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Saturday, January 20th. Piper Jaffray reiterated a “buy” rating and issued a $47.00 price objective on shares of Suncor Energy in a report on Wednesday, January 24th. JPMorgan Chase upgraded Suncor Energy from a “neutral” rating to an “overweight” rating in a report on Friday, February 9th. Finally, AltaCorp Capital reiterated a “hold” rating and issued a $51.00 price objective on shares of Suncor Energy in a report on Monday, January 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $46.44.
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Suncor Energy Company Profile
Suncor Energy Inc is a Canada-based integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.
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