Duality Advisers LP Boosts Stock Position in Suncor Energy Inc. (NYSE:SU)

Duality Advisers LP raised its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 112.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,515 shares of the oil and gas producer’s stock after acquiring an additional 16,680 shares during the period. Duality Advisers LP’s holdings in Suncor Energy were worth $1,163,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC raised its stake in shares of Suncor Energy by 10.7% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 29,873 shares of the oil and gas producer’s stock worth $957,000 after buying an additional 2,895 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Suncor Energy by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 50,379,614 shares of the oil and gas producer’s stock worth $1,732,051,000 after buying an additional 731,163 shares in the last quarter. Sanders Capital LLC raised its stake in shares of Suncor Energy by 2.8% during the 4th quarter. Sanders Capital LLC now owns 57,318,037 shares of the oil and gas producer’s stock worth $1,836,470,000 after buying an additional 1,568,629 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Suncor Energy by 1,689.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 565,339 shares of the oil and gas producer’s stock worth $18,118,000 after buying an additional 533,754 shares in the last quarter. Finally, Sapient Capital LLC purchased a new position in shares of Suncor Energy during the 4th quarter worth approximately $1,100,000. 67.37% of the stock is owned by hedge funds and other institutional investors.

Suncor Energy Trading Up 0.1 %

Shares of Suncor Energy stock traded up $0.04 during trading hours on Friday, reaching $38.27. 2,027,844 shares of the company’s stock were exchanged, compared to its average volume of 4,603,405. Suncor Energy Inc. has a 52-week low of $28.65 and a 52-week high of $41.50. The firm has a market capitalization of $49.04 billion, a price-to-earnings ratio of 8.51, a price-to-earnings-growth ratio of 3.59 and a beta of 1.12. The company has a fifty day moving average of $38.65 and a 200-day moving average of $36.14. The company has a current ratio of 1.51, a quick ratio of 0.97 and a debt-to-equity ratio of 0.25.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its earnings results on Tuesday, May 7th. The oil and gas producer reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.15. The business had revenue of $9.29 billion for the quarter, compared to analyst estimates of $8.64 billion. Suncor Energy had a return on equity of 15.69% and a net margin of 15.38%. Sell-side analysts forecast that Suncor Energy Inc. will post 3.52 EPS for the current fiscal year.

Suncor Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Tuesday, June 4th were given a $0.395 dividend. This represents a $1.58 annualized dividend and a dividend yield of 4.13%. The ex-dividend date was Tuesday, June 4th. Suncor Energy’s dividend payout ratio (DPR) is currently 35.63%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Morgan Stanley upped their price target on Suncor Energy from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Raymond James upgraded Suncor Energy to a “hold” rating in a report on Tuesday, May 28th. StockNews.com cut Suncor Energy from a “buy” rating to a “hold” rating in a report on Wednesday. The Goldman Sachs Group upped their price target on Suncor Energy from $38.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Finally, TD Securities upped their price target on Suncor Energy from $52.00 to $57.00 and gave the stock a “hold” rating in a report on Wednesday, May 22nd. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $51.67.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.