Lyrical Asset Management LP boosted its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 3.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,804,467 shares of the oil and gas producer’s stock after purchasing an additional 270,000 shares during the period. Suncor Energy comprises about 3.5% of Lyrical Asset Management LP’s investment portfolio, making the stock its 12th biggest position. Lyrical Asset Management LP owned 0.48% of Suncor Energy worth $286,580,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. TD Asset Management Inc. raised its position in Suncor Energy by 0.7% during the third quarter. TD Asset Management Inc. now owns 42,887,135 shares of the oil and gas producer’s stock worth $1,499,561,000 after acquiring an additional 311,429 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Suncor Energy by 19.9% in the fourth 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 acquiring an additional 2,495,585 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in shares of Suncor Energy by 1.2% in the third quarter. Great West Life Assurance Co. Can now owns 12,881,423 shares of the oil and gas producer’s stock valued at $450,100,000 after acquiring an additional 157,842 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Suncor Energy by 0.4% in the third quarter. Wells Fargo & Company MN now owns 8,266,409 shares of the oil and gas producer’s stock valued at $289,572,000 after acquiring an additional 32,051 shares in the last quarter. Finally, APG Asset Management N.V. lifted its position in Suncor Energy by 53.9% during the fourth quarter. APG Asset Management N.V. now owns 7,248,085 shares of the oil and gas producer’s stock worth $222,332,000 after purchasing an additional 2,537,800 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.
Suncor Energy Inc. (SU) traded down $0.03 during mid-day trading on Wednesday, reaching $32.54. The company’s stock had a trading volume of 3,927,304 shares, compared to its average volume of 3,527,974. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.64 and a current ratio of 1.00. Suncor Energy Inc. has a 52 week low of $27.96 and a 52 week high of $38.39. The company has a market capitalization of $53,470.00, a P/E ratio of 15.72, a price-to-earnings-growth ratio of 2.00 and a beta of 0.87.
Suncor Energy (NYSE:SU) (TSE:SU) last released its earnings results on Thursday, February 8th. The oil and gas producer reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.07. The firm had revenue of $7.12 billion during the quarter, compared to analysts’ expectations of $6.43 billion. Suncor Energy had a return on equity of 7.15% and a net margin of 13.93%. sell-side analysts anticipate that Suncor Energy Inc. will post 1.92 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Monday, March 5th will be issued a $0.286 dividend. This is a boost from Suncor Energy’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, March 2nd. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.52%. Suncor Energy’s payout ratio is 55.56%.
A number of research analysts recently issued reports on the stock. Piper Jaffray Companies set a $46.00 price objective on shares of Suncor Energy and gave the company a “buy” rating in a report on Friday, February 9th. TD Securities downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating and set a $50.00 price target for the company. in a research report on Thursday, November 16th. Zacks Investment Research cut Suncor Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th. Edward Jones upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research note on Monday, November 20th. Finally, JPMorgan Chase & Co. upgraded Suncor Energy from a “neutral” rating to an “overweight” rating in a research note on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $45.67.
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Suncor Energy 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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