Segall Bryant & Hamill LLC Raises Stake in Suncor Energy Inc. $SU

Segall Bryant & Hamill LLC raised its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 127.9% in the first quarter, Holdings Channel reports. The institutional investor owned 445,249 shares of the oil and gas producer’s stock after buying an additional 249,904 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Suncor Energy were worth $29,435,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in SU. Vestor Capital LLC purchased a new stake in shares of Suncor Energy in the first quarter worth about $59,000. Royal Fund Management LLC boosted its position in shares of Suncor Energy by 30.0% in the first quarter. Royal Fund Management LLC now owns 77,079 shares of the oil and gas producer’s stock valued at $5,096,000 after acquiring an additional 17,792 shares during the period. Edgestream Partners L.P. bought a new position in shares of Suncor Energy in the first quarter valued at approximately $367,000. Janus Henderson Group PLC increased its holdings in Suncor Energy by 3.4% during the 1st quarter. Janus Henderson Group PLC now owns 812,882 shares of the oil and gas producer’s stock worth $53,596,000 after acquiring an additional 26,844 shares during the period. Finally, Arkadios Wealth Advisors lifted its stake in Suncor Energy by 8.0% in the 1st quarter. Arkadios Wealth Advisors now owns 20,184 shares of the oil and gas producer’s stock worth $1,334,000 after purchasing an additional 1,501 shares in the last quarter. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Suncor Energy Trading Up 0.7%

Shares of Suncor Energy stock opened at $67.22 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.42 and a quick ratio of 0.92. Suncor Energy Inc. has a 1 year low of $37.76 and a 1 year high of $70.29. The firm has a market cap of $79.37 billion, a PE ratio of 17.64, a PEG ratio of 0.50 and a beta of 0.30. The company has a 50 day simple moving average of $60.62 and a two-hundred day simple moving average of $60.08.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings results on Tuesday, May 5th. The oil and gas producer reported $1.41 EPS for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.04). Suncor Energy had a return on equity of 13.96% and a net margin of 12.29%.The company had revenue of $10.41 billion during the quarter, compared to the consensus estimate of $9.22 billion. During the same period in the previous year, the company earned $1.31 EPS. Analysts expect that Suncor Energy Inc. will post 7.11 earnings per share for the current fiscal year.

Suncor Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th were given a dividend of $0.60 per share. The ex-dividend date was Thursday, June 4th. This represents a $2.40 dividend on an annualized basis and a yield of 3.6%. Suncor Energy’s dividend payout ratio (DPR) is presently 45.67%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Weiss Ratings raised shares of Suncor Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday. Desjardins raised shares of Suncor Energy to a “moderate buy” rating in a report on Thursday, July 16th. Scotiabank upgraded Suncor Energy to a “strong-buy” rating in a research report on Friday, June 26th. Wall Street Zen lowered Suncor Energy from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Zacks Research upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $71.67.

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.