Triasima Portfolio Management inc. Has $2.71 Million Stock Position in Suncor Energy Inc. $SU

Triasima Portfolio Management inc. raised its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 1,087.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,062 shares of the oil and gas producer’s stock after acquiring an additional 55,920 shares during the period. Triasima Portfolio Management inc.’s holdings in Suncor Energy were worth $2,714,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SU. AQR Capital Management LLC raised its holdings in Suncor Energy by 14.2% in the 1st quarter. AQR Capital Management LLC now owns 25,015 shares of the oil and gas producer’s stock valued at $959,000 after acquiring an additional 3,115 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Suncor Energy by 172.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,981 shares of the oil and gas producer’s stock valued at $77,000 after purchasing an additional 1,254 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Suncor Energy by 21.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,667 shares of the oil and gas producer’s stock valued at $100,000 after purchasing an additional 464 shares during the period. AXA S.A. grew its stake in shares of Suncor Energy by 17.2% in the 2nd quarter. AXA S.A. now owns 50,278 shares of the oil and gas producer’s stock valued at $1,883,000 after purchasing an additional 7,395 shares during the period. Finally, NewEdge Advisors LLC grew its stake in shares of Suncor Energy by 6.4% in the 2nd quarter. NewEdge Advisors LLC now owns 67,142 shares of the oil and gas producer’s stock valued at $2,514,000 after purchasing an additional 4,043 shares during the period. Institutional investors and hedge funds own 67.37% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Zacks Research upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 2nd. JPMorgan Chase & Co. upgraded Suncor Energy from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $46.15 to $54.00 in a research note on Tuesday, January 20th. The Goldman Sachs Group upped their price objective on Suncor Energy from $66.00 to $73.00 and gave the company a “buy” rating in a research note on Wednesday, April 1st. Royal Bank Of Canada upped their price objective on Suncor Energy from $75.00 to $89.00 and gave the company an “outperform” rating in a research note on Wednesday, April 1st. Finally, ATB Cormark Capital Markets upgraded Suncor Energy from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $72.00.

Suncor Energy Stock Up 0.0%

NYSE SU opened at $67.58 on Monday. The firm has a market cap of $80.03 billion, a PE ratio of 19.48 and a beta of 0.31. Suncor Energy Inc. has a one year low of $33.50 and a one year high of $68.62. The stock’s 50 day simple moving average is $62.02 and its 200 day simple moving average is $51.59. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 0.89.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings results on Tuesday, February 3rd. The oil and gas producer reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. The business had revenue of $8.77 billion for the quarter, compared to analyst estimates of $8.79 billion. Suncor Energy had a return on equity of 12.51% and a net margin of 11.99%.During the same period in the prior year, the company earned $1.25 EPS. As a group, sell-side analysts forecast that Suncor Energy Inc. will post 6.72 earnings per share for the current fiscal year.

Suncor Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th were given a dividend of $0.60 per share. The ex-dividend date was Wednesday, March 4th. This represents a $2.40 dividend on an annualized basis and a yield of 3.6%. Suncor Energy’s dividend payout ratio is 50.72%.

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.