Ruffer LLP Purchases 156,496 Shares of Suncor Energy Inc. (NYSE:SU)

Ruffer LLP boosted its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 19.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 941,697 shares of the oil and gas producer’s stock after purchasing an additional 156,496 shares during the quarter. Suncor Energy comprises 1.2% of Ruffer LLP’s holdings, making the stock its 24th largest holding. Ruffer LLP owned 0.08% of Suncor Energy worth $33,608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of SU. Sanctuary Advisors LLC increased its holdings in Suncor Energy by 32.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 82,204 shares of the oil and gas producer’s stock worth $3,035,000 after buying an additional 20,081 shares during the period. Sage Investment Counsel LLC acquired a new stake in Suncor Energy in the 4th quarter valued at about $300,000. Intech Investment Management LLC raised its holdings in shares of Suncor Energy by 1,345.8% during the 3rd quarter. Intech Investment Management LLC now owns 468,415 shares of the oil and gas producer’s stock worth $17,309,000 after acquiring an additional 436,016 shares during the period. Jones Financial Companies Lllp lifted its holdings in Suncor Energy by 86.0% in the fourth quarter. Jones Financial Companies Lllp now owns 67,848 shares of the oil and gas producer’s stock valued at $2,421,000 after acquiring an additional 31,366 shares during the last quarter. Finally, J.W. Cole Advisors Inc. purchased a new stake in Suncor Energy in the 4th quarter valued at about $236,000. 67.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on SU. Cibc World Mkts upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 11th. StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research note on Thursday. Desjardins raised Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Tudor Pickering upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $66.00 price target on shares of Suncor Energy in a research note on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $58.00.

Suncor Energy Stock Up 3.0 %

Shares of NYSE:SU opened at $35.81 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The firm has a market cap of $44.30 billion, a price-to-earnings ratio of 10.38, a PEG ratio of 2.94 and a beta of 1.11. The stock’s 50-day moving average price is $38.29 and its two-hundred day moving average price is $38.41. Suncor Energy Inc. has a 12-month low of $33.81 and a 12-month high of $41.94.

Suncor Energy (NYSE:SU) (TSE:SU) last released its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. On average, research analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.399 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.46%. Suncor Energy’s payout ratio is 45.51%.

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.