Stevens Capital Management LP Invests $1.29 Million in Suncor Energy Inc. (SU) Stock

Stevens Capital Management LP purchased a new stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 44,224 shares of the oil and gas producer’s stock, valued at approximately $1,291,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. UBS Asset Management Americas Inc. purchased a new position in shares of Suncor Energy in the 4th quarter worth approximately $152,000. Sei Investments Co. raised its holdings in shares of Suncor Energy by 23.9% in the 1st quarter. Sei Investments Co. now owns 34,734 shares of the oil and gas producer’s stock worth $1,069,000 after purchasing an additional 6,700 shares during the period. Parametric Portfolio Associates LLC raised its holdings in shares of Suncor Energy by 15.8% in the 1st quarter. Parametric Portfolio Associates LLC now owns 531,342 shares of the oil and gas producer’s stock worth $16,339,000 after purchasing an additional 72,466 shares during the period. Keybank National Association OH raised its holdings in shares of Suncor Energy by 0.6% in the 1st quarter. Keybank National Association OH now owns 18,447 shares of the oil and gas producer’s stock worth $567,000 after purchasing an additional 103 shares during the period. Finally, Highstreet Asset Management Inc. raised its holdings in shares of Suncor Energy by 23.1% in the 1st quarter. Highstreet Asset Management Inc. now owns 409,460 shares of the oil and gas producer’s stock worth $12,557,000 after purchasing an additional 76,779 shares during the period. Institutional investors and hedge funds own 64.05% of the company’s stock.

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A number of equities research analysts have issued reports on SU shares. Scotiabank cut shares of Suncor Energy from an “outperform” rating to a “sector perform” rating in a report on Friday, June 9th. Zacks Investment Research raised shares of Suncor Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 12th. Piper Jaffray Companies lowered their target price on shares of Suncor Energy from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, July 3rd. Citigroup Inc. reissued a “buy” rating on shares of Suncor Energy in a report on Wednesday, August 2nd. Finally, BidaskClub raised shares of Suncor Energy from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $42.86.

Suncor Energy Inc. (SU) opened at 34.12 on Friday. Suncor Energy Inc. has a 12-month low of $25.70 and a 12-month high of $34.37. The company has a market cap of $56.62 billion, a PE ratio of 26.43 and a beta of 0.82. The stock has a 50 day moving average of $32.34 and a 200 day moving average of $31.04.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Tuesday, September 5th will be given a dividend of $0.2552 per share. This represents a $1.02 annualized dividend and a dividend yield of 2.99%. This is an increase from Suncor Energy ‘s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Thursday, August 31st. Suncor Energy ‘s dividend payout ratio (DPR) is presently 84.43%.

About Suncor Energy

Suncor Energy Inc (Suncor) is an 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.

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

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