Syon Capital LLC Acquires 10,427 Shares of Suncor Energy Inc. (NYSE:SU)

Syon Capital LLC grew its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 92.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in SU. Pinnacle Associates Ltd. boosted its holdings in shares of Suncor Energy by 0.6% in the 3rd quarter. Pinnacle Associates Ltd. now owns 47,669 shares of the oil and gas producer’s stock valued at $1,639,000 after buying an additional 300 shares in the last quarter. Hexagon Capital Partners LLC raised its position in Suncor Energy by 19.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,931 shares of the oil and gas producer’s stock worth $66,000 after buying an additional 308 shares during the last quarter. Private Trust Co. NA raised its position 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. Gradient Investments LLC raised its position in Suncor Energy by 1.0% during the 3rd quarter. Gradient Investments LLC now owns 33,205 shares of the oil and gas producer’s stock worth $1,142,000 after buying an additional 345 shares during the last quarter. Finally, First Financial Corp IN raised its position in Suncor Energy by 3.3% during the 4th quarter. First Financial Corp IN now owns 12,422 shares of the oil and gas producer’s stock worth $398,000 after buying an additional 393 shares during the last quarter. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Suncor Energy Price Performance

SU traded down $0.03 on Friday, hitting $39.41. 2,089,214 shares of the company’s stock were exchanged, compared to its average volume of 4,263,857. Suncor Energy Inc. has a fifty-two week low of $27.59 and a fifty-two week high of $39.63. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $36.32 and a 200-day moving average price of $33.86. The stock has a market cap of $50.73 billion, a price-to-earnings ratio of 8.39, a P/E/G ratio of 3.46 and a beta of 1.13.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its 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 net margin of 16.33% and a return on equity of 16.08%. The company had revenue of $10.39 billion for the quarter, compared to analysts’ expectations of $8.46 billion. During the same quarter in the previous year, the company posted $1.33 EPS. As a group, equities analysts anticipate that Suncor Energy Inc. will post 3.78 earnings per share for the current year.

Suncor Energy Increases Dividend

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

Analyst Ratings Changes

SU has been the subject of a number of recent research reports. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. Morgan Stanley lifted their target price on shares of Suncor Energy from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $52.00.

Suncor Energy Company 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.