Sustainable Insight Capital Management LLC Purchases Shares of 17,400 Suncor Energy Inc. $SU

Sustainable Insight Capital Management LLC purchased a new stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 17,400 shares of the oil and gas producer’s stock, valued at approximately $772,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SU. Fisher Asset Management LLC grew its position in Suncor Energy by 85.5% during the third quarter. Fisher Asset Management LLC now owns 15,530,965 shares of the oil and gas producer’s stock valued at $649,350,000 after acquiring an additional 7,158,953 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Suncor Energy by 62.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 13,335,239 shares of the oil and gas producer’s stock worth $557,682,000 after purchasing an additional 5,113,280 shares during the last quarter. Alyeska Investment Group L.P. grew its holdings in shares of Suncor Energy by 334.8% in the third quarter. Alyeska Investment Group L.P. now owns 2,590,863 shares of the oil and gas producer’s stock worth $108,324,000 after purchasing an additional 1,995,007 shares during the last quarter. Bank of Nova Scotia grew its holdings in shares of Suncor Energy by 63.5% in the third quarter. Bank of Nova Scotia now owns 5,028,399 shares of the oil and gas producer’s stock worth $210,474,000 after purchasing an additional 1,952,444 shares during the last quarter. Finally, Lazard Asset Management LLC grew its holdings in shares of Suncor Energy by 173.2% in the third quarter. Lazard Asset Management LLC now owns 3,036,031 shares of the oil and gas producer’s stock worth $126,994,000 after purchasing an additional 1,924,923 shares during the last quarter. 67.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SU has been the topic of several recent analyst reports. Wall Street Zen cut shares of Suncor Energy from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 7th. Weiss Ratings cut shares of Suncor Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. ATB Cormark Capital Markets upgraded shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a report on Wednesday, April 1st. The Goldman Sachs Group cut shares of Suncor Energy from a “buy” rating to a “neutral” rating and set a $72.00 target price on the stock. in a report on Friday, June 5th. Finally, Zacks Research cut shares of Suncor Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Suncor Energy currently has an average rating of “Moderate Buy” and a consensus price target of $71.67.

Suncor Energy Stock Performance

NYSE:SU opened at $61.81 on Friday. The stock has a market cap of $72.98 billion, a P/E ratio of 16.22 and a beta of 0.27. The firm’s fifty day simple moving average is $65.01 and its 200 day simple moving average is $56.33. Suncor Energy Inc. has a twelve month low of $37.22 and a twelve month high of $70.29. The company has a quick ratio of 0.92, a current ratio of 1.42 and a debt-to-equity ratio of 0.20.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings results on Tuesday, May 5th. The oil and gas producer reported $1.41 earnings per share for the quarter, missing the consensus estimate 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 net margin of 12.29% and a return on equity of 13.96%. During the same quarter last year, the firm earned $1.31 EPS. As a group, research analysts predict that Suncor Energy Inc. will post 7.07 EPS for the current year.

Suncor Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be issued a $0.60 dividend. The ex-dividend date is Thursday, June 4th. This represents a $2.40 annualized dividend and a yield of 3.9%. Suncor Energy’s payout ratio is 45.67%.

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.