Suncor Energy Inc. (NYSE:SU) Position Boosted by Yaupon Capital Management LP

Yaupon Capital Management LP boosted its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 61.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,260,961 shares of the oil and gas producer’s stock after purchasing an additional 481,681 shares during the quarter. Suncor Energy accounts for approximately 1.9% of Yaupon Capital Management LP’s investment portfolio, making the stock its 7th largest holding. Yaupon Capital Management LP’s holdings in Suncor Energy were worth $44,991,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of SU. Jones Financial Companies Lllp lifted its position in shares of Suncor Energy by 86.0% during the fourth quarter. Jones Financial Companies Lllp now owns 67,848 shares of the oil and gas producer’s stock worth $2,421,000 after purchasing an additional 31,366 shares in the last quarter. Sage Investment Counsel LLC acquired a new stake in shares of Suncor Energy during the fourth quarter valued at about $300,000. J.W. Cole Advisors Inc. acquired a new position in shares of Suncor Energy in the fourth quarter worth about $236,000. Bank of New York Mellon Corp increased its holdings in Suncor Energy by 104.2% during the 4th quarter. Bank of New York Mellon Corp now owns 3,083,440 shares of the oil and gas producer’s stock worth $110,017,000 after purchasing an additional 1,573,726 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Suncor Energy by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,457,325 shares of the oil and gas producer’s stock worth $159,030,000 after buying an additional 99,669 shares in the last quarter. 67.37% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. StockNews.com downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Thursday, April 17th. Royal Bank of Canada reiterated an “outperform” rating and issued a $66.00 target price on shares of Suncor Energy in a research report on Tuesday, January 7th. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Scotiabank raised Suncor Energy to a “hold” rating in a report on Wednesday, March 19th. Finally, Bank of America initiated coverage on shares of Suncor Energy in a research note on Wednesday, February 26th. They issued a “neutral” rating for the company. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $59.20.

Suncor Energy Trading Up 0.2 %

Shares of NYSE SU opened at $34.61 on Tuesday. The business has a fifty day simple moving average of $36.57 and a 200-day simple moving average of $37.80. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. The company has a market cap of $42.82 billion, a price-to-earnings ratio of 10.03, a P/E/G ratio of 2.94 and a beta of 0.79. Suncor Energy Inc. has a 12 month low of $30.79 and a 12 month high of $41.95.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. Sell-side analysts predict that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th were issued a $0.399 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date was Tuesday, March 4th. Suncor Energy’s dividend payout ratio (DPR) is currently 45.51%.

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.