237,305 Shares in Suncor Energy Inc. $SU Bought by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 237,305 shares of the oil and gas producer’s stock, valued at approximately $12,739,000. Suncor Energy comprises 0.5% of Quantbot Technologies LP’s portfolio, making the stock its 15th biggest holding.

Other institutional investors also recently bought and sold shares of the company. Intact Investment Management Inc. raised its position in Suncor Energy by 36.3% in the fourth quarter. Intact Investment Management Inc. now owns 1,695,160 shares of the oil and gas producer’s stock worth $75,236,000 after acquiring an additional 451,110 shares during the period. Vanguard Group Inc. grew its position in shares of Suncor Energy by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 55,720,921 shares of the oil and gas producer’s stock valued at $2,473,173,000 after acquiring an additional 1,166,405 shares during the period. Harvest Portfolios Group Inc. grew its position in shares of Suncor Energy by 9.1% during the 4th quarter. Harvest Portfolios Group Inc. now owns 360,668 shares of the oil and gas producer’s stock valued at $16,008,000 after acquiring an additional 30,210 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Suncor Energy by 3.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 12,609,777 shares of the oil and gas producer’s stock worth $833,622,000 after purchasing an additional 411,243 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Suncor Energy by 6.3% in the 1st quarter. Public Employees Retirement System of Ohio now owns 846,111 shares of the oil and gas producer’s stock worth $55,802,000 after purchasing an additional 50,502 shares in the last quarter. Institutional investors own 67.37% of the company’s stock.

Analyst Ratings Changes

SU has been the topic of a number of recent research reports. Morgan Stanley set a $106.00 target price on Suncor Energy in a report on Wednesday. Weiss Ratings upgraded Suncor Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 29th. The Goldman Sachs Group downgraded Suncor Energy from a “buy” rating to a “neutral” rating and set a $72.00 price objective on the stock. in a research note on Friday, June 5th. Scotiabank raised Suncor Energy to a “strong-buy” rating in a research report on Friday, June 26th. Finally, Wall Street Zen downgraded Suncor Energy from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $80.25.

Suncor Energy Stock Up 0.8%

Shares of SU stock opened at $68.46 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.65 and a quick ratio of 1.08. Suncor Energy Inc. has a one year low of $37.76 and a one year high of $70.29. The company’s fifty day moving average price is $61.02 and its 200-day moving average price is $61.61. The company has a market capitalization of $80.83 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 0.49 and a beta of 0.30.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its earnings results on Tuesday, August 4th. The oil and gas producer reported $2.33 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.19. Suncor Energy had a net margin of 15.62% and a return on equity of 20.05%. The company had revenue of $13.41 billion during the quarter, compared to the consensus estimate of $11.68 billion. During the same quarter in the prior year, the firm posted $0.71 EPS. Sell-side analysts expect that Suncor Energy Inc. will post 7.39 EPS for the current fiscal year.

Suncor Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.5%. Suncor Energy’s dividend payout ratio is 32.04%.

Suncor Energy Company Profile

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.