Oxbow Advisors LLC Invests $5.79 Million in Suncor Energy Inc. $SU

Oxbow Advisors LLC bought a new stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 107,762 shares of the oil and gas producer’s stock, valued at approximately $5,785,000.

A number of other institutional investors have also added to or reduced their stakes in SU. Intact Investment Management Inc. grew its position in Suncor Energy by 36.3% in the 4th quarter. Intact Investment Management Inc. now owns 1,695,160 shares of the oil and gas producer’s stock valued at $75,236,000 after purchasing an additional 451,110 shares during the period. Vanguard Group Inc. raised its holdings in Suncor Energy by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 55,720,921 shares of the oil and gas producer’s stock worth $2,473,173,000 after buying an additional 1,166,405 shares during the last quarter. Harvest Portfolios Group Inc. raised its holdings in Suncor Energy by 9.1% during the fourth quarter. Harvest Portfolios Group Inc. now owns 360,668 shares of the oil and gas producer’s stock worth $16,008,000 after buying an additional 30,210 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Suncor Energy by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 12,609,777 shares of the oil and gas producer’s stock valued at $833,622,000 after buying an additional 411,243 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Suncor Energy by 6.3% in the first quarter. Public Employees Retirement System of Ohio now owns 846,111 shares of the oil and gas producer’s stock valued at $55,802,000 after buying an additional 50,502 shares in the last quarter. 67.37% of the stock is owned by institutional investors and hedge funds.

Suncor Energy Price Performance

Suncor Energy stock opened at $67.75 on Wednesday. Suncor Energy Inc. has a 12 month low of $37.76 and a 12 month high of $70.29. The company has a current ratio of 1.65, a quick ratio of 1.08 and a debt-to-equity ratio of 0.19. The business’s 50 day simple moving average is $60.65 and its 200 day simple moving average is $61.35. The company has a market cap of $79.99 billion, a price-to-earnings ratio of 12.48, a PEG ratio of 0.49 and a beta of 0.29.

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

Suncor Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be paid a dividend of $0.60 per share. The ex-dividend date is Friday, September 4th. This represents a $2.40 annualized dividend and a dividend yield of 3.5%. Suncor Energy’s dividend payout ratio is presently 32.04%.

Analyst Ratings Changes

Several equities research analysts have recently commented on SU shares. Zacks Research downgraded shares of Suncor Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Desjardins raised Suncor Energy to a “moderate buy” rating in a research note on Thursday, July 16th. Weiss Ratings upgraded Suncor Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 29th. Wall Street Zen cut Suncor Energy from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, Scotiabank upgraded Suncor Energy to a “strong-buy” rating in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Suncor Energy presently has a consensus rating of “Moderate Buy” and an average target price of $71.67.

Suncor Energy Company Profile

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.