15,310 Shares in Suncor Energy Inc. $SU Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 15,310 shares of the oil and gas producer’s stock, valued at approximately $822,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Suncor Energy by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 55,720,921 shares of the oil and gas producer’s stock valued at $2,473,173,000 after purchasing an additional 1,166,405 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Suncor Energy by 121.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 26,085,360 shares of the oil and gas producer’s stock valued at $1,724,954,000 after purchasing an additional 14,304,131 shares in the last quarter. FIL Ltd increased its stake in Suncor Energy by 14.0% in the 4th quarter. FIL Ltd now owns 21,050,387 shares of the oil and gas producer’s stock valued at $934,312,000 after buying an additional 2,592,516 shares during the period. Principal Financial Group Inc. lifted its position in Suncor Energy by 2.7% in the 4th quarter. Principal Financial Group Inc. now owns 19,371,704 shares of the oil and gas producer’s stock worth $860,933,000 after buying an additional 516,783 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its position in Suncor Energy by 8.3% in the 4th quarter. Fisher Asset Management LLC now owns 16,820,924 shares of the oil and gas producer’s stock worth $746,176,000 after buying an additional 1,289,959 shares in the last quarter. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Desjardins upgraded shares of Suncor Energy to a “moderate buy” rating in a report on Thursday, July 16th. Wall Street Zen lowered Suncor Energy from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Weiss Ratings raised Suncor Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 29th. The Goldman Sachs Group downgraded Suncor Energy from a “buy” rating to a “neutral” rating and set a $72.00 target price on the stock. in a research note on Friday, June 5th. Finally, Zacks Research lowered Suncor Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $71.67.

Suncor Energy Stock Performance

Shares of SU opened at $67.75 on Wednesday. The firm has a market cap of $79.99 billion, a price-to-earnings ratio of 12.48, a price-to-earnings-growth ratio of 0.49 and a beta of 0.29. The company’s fifty day moving average is $60.65 and its 200-day moving average is $61.35. The company has a quick ratio of 1.08, a current ratio of 1.65 and a debt-to-equity ratio of 0.19. Suncor Energy Inc. has a 12 month low of $37.76 and a 12 month high of $70.29.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings data on Tuesday, August 4th. The oil and gas producer reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.19. The business had revenue of $13.41 billion during the quarter, compared to analyst estimates of $11.68 billion. Suncor Energy had a net margin of 15.62% and a return on equity of 20.05%. During the same quarter in the previous year, the business earned $0.71 EPS. Equities analysts expect that Suncor Energy Inc. will post 7.39 EPS for the current fiscal year.

Suncor Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.5%. The ex-dividend date is Friday, September 4th. Suncor Energy’s dividend payout ratio (DPR) is 32.04%.

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.