21,144 Shares in Suncor Energy Inc. $SU Bought by One Capital Management LLC

One Capital Management LLC bought a new position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 21,144 shares of the oil and gas producer’s stock, valued at approximately $940,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Atlantic Edge Private Wealth Management LLC boosted its holdings in shares of Suncor Energy by 54.9% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 635 shares of the oil and gas producer’s stock valued at $28,000 after purchasing an additional 225 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Suncor Energy by 95.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 793 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 388 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Suncor Energy during the 2nd quarter valued at about $31,000. Accent Capital Management LLC boosted its holdings in shares of Suncor Energy by 37.5% during the 4th quarter. Accent Capital Management LLC now owns 825 shares of the oil and gas producer’s stock valued at $37,000 after purchasing an additional 225 shares during the last quarter. Finally, Maseco LLP bought a new position in shares of Suncor Energy during the 4th quarter valued at about $39,000. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Price Performance

Shares of SU stock opened at $65.57 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.42 and a quick ratio of 0.92. The company has a market capitalization of $77.42 billion, a P/E ratio of 17.21 and a beta of 0.27. The company’s 50-day simple moving average is $65.33 and its two-hundred day simple moving average is $55.57. Suncor Energy Inc. has a one year low of $35.93 and a one year high of $70.29.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its earnings results on Tuesday, May 5th. The oil and gas producer reported $1.41 EPS for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.04). The company had revenue of $10.41 billion during the quarter, compared to the consensus estimate of $9.22 billion. Suncor Energy had a return on equity of 13.96% and a net margin of 12.29%.During the same quarter in the prior year, the company earned $1.31 earnings per share. As a group, equities analysts anticipate that Suncor Energy Inc. will post 7.07 EPS for the current year.

Suncor Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Thursday, June 4th. Suncor Energy’s dividend payout ratio is currently 46.19%.

Wall Street Analyst Weigh In

SU has been the subject of several research reports. Wall Street Zen raised shares of Suncor Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Weiss Ratings raised shares of Suncor Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Royal Bank Of Canada increased their price objective on shares of Suncor Energy from $75.00 to $89.00 and gave the company an “outperform” rating in a report on Wednesday, April 1st. Zacks Research downgraded shares of Suncor Energy from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, ATB Cormark Capital Markets raised shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a report on Wednesday, April 1st. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $72.00.

About Suncor Energy

Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company’s operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.

Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.