Amundi Pioneer Asset Management Inc. acquired a new position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 865,009 shares of the oil and gas producer’s stock, valued at approximately $31,763,000. Amundi Pioneer Asset Management Inc. owned about 0.05% of Suncor Energy as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC bought a new stake in shares of Suncor Energy in the fourth quarter valued at approximately $100,000. Cerebellum GP LLC bought a new position in Suncor Energy in the fourth quarter worth $134,000. Icon Wealth Partners LLC bought a new position in Suncor Energy in the fourth quarter worth $181,000. Fishman Jay A Ltd. MI bought a new position in shares of Suncor Energy during the fourth quarter valued at $202,000. Finally, Carret Asset Management LLC bought a new position in shares of Suncor Energy during the third quarter valued at $206,000. Hedge funds and other institutional investors own 65.62% of the company’s stock.
Shares of NYSE:SU traded down $0.76 during trading on Monday, reaching $33.78. 3,115,660 shares of the company traded hands, compared to its average volume of 3,525,531. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.64 and a current ratio of 1.00. Suncor Energy Inc. has a 52 week low of $27.96 and a 52 week high of $38.39. The company has a market cap of $56,608.61, a price-to-earnings ratio of 22.37, a PEG ratio of 2.32 and a beta of 0.82.
Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings data on Thursday, February 8th. The oil and gas producer reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.07. The business had revenue of $7.12 billion during the quarter, compared to the consensus estimate of $6.43 billion. Suncor Energy had a return on equity of 7.15% and a net margin of 13.93%. research analysts predict that Suncor Energy Inc. will post 1.75 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, March 26th. Shareholders of record on Monday, March 5th were given a $0.286 dividend. The ex-dividend date was Friday, March 2nd. This is an increase from Suncor Energy’s previous quarterly dividend of $0.25. This represents a $1.14 annualized dividend and a yield of 3.39%. Suncor Energy’s dividend payout ratio (DPR) is currently 76.16%.
A number of brokerages recently commented on SU. Piper Jaffray set a $46.00 price objective on Suncor Energy and gave the stock a “buy” rating in a research report on Friday, February 9th. TD Securities upgraded Suncor Energy from a “hold” rating to a “buy” rating in a report on Friday, February 9th. Zacks Investment Research upgraded Suncor Energy from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Tuesday, March 6th. JPMorgan Chase upgraded Suncor Energy from a “neutral” rating to an “overweight” rating in a research note on Friday, February 9th. Finally, AltaCorp Capital upgraded Suncor Energy from a “sector perform” rating to an “outperform” rating in a research note on Thursday, March 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $45.67.
About Suncor Energy
Suncor Energy Inc is a Canada-based integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.
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