One Capital Management LLC Buys Shares of 21,144 Suncor Energy Inc. $SU

One Capital Management LLC bought a new stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 21,144 shares of the oil and gas producer’s stock, valued at approximately $940,000.

A number of other hedge funds have also added to or reduced their stakes in SU. Atlantic Edge Private Wealth Management LLC raised its stake in Suncor Energy by 54.9% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 635 shares of the oil and gas producer’s stock valued at $28,000 after buying an additional 225 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Suncor Energy during the 2nd quarter valued at $31,000. Smartleaf Asset Management LLC raised its stake in Suncor Energy by 95.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 793 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 388 shares during the last quarter. Accent Capital Management LLC grew its position in shares of Suncor Energy by 37.5% during the 4th quarter. Accent Capital Management LLC now owns 825 shares of the oil and gas producer’s stock valued at $37,000 after acquiring an additional 225 shares during the period. Finally, Maseco LLP bought a new stake in shares of Suncor Energy during the 4th quarter valued at $39,000. 67.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SU shares. The Goldman Sachs Group boosted their price objective on shares of Suncor Energy from $66.00 to $73.00 and gave the company a “buy” rating in a research report on Wednesday, April 1st. Zacks Research downgraded shares of Suncor Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday. Royal Bank Of Canada boosted their price objective on shares of Suncor Energy from $75.00 to $89.00 and gave the company an “outperform” rating in a research report on Wednesday, April 1st. Weiss Ratings raised shares of Suncor Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. Finally, ATB Cormark Capital Markets raised shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, April 1st. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $72.00.

Suncor Energy Trading Up 0.4%

Shares of Suncor Energy stock opened at $65.57 on Thursday. The company has a market capitalization of $77.42 billion, a P/E ratio of 17.21 and a beta of 0.27. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.92 and a current ratio of 1.42. The company has a fifty day moving average of $65.33 and a 200 day moving average of $55.57. Suncor Energy Inc. has a fifty-two week low of $35.93 and a fifty-two week high of $70.29.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its earnings results on Tuesday, May 5th. The oil and gas producer reported $1.41 earnings per share for the quarter, missing the consensus estimate of $1.45 by ($0.04). The firm had revenue of $10.41 billion during the quarter, compared to the consensus estimate of $9.22 billion. Suncor Energy had a return on equity of 13.96% and a net margin of 12.29%.During the same period in the prior year, the company posted $1.31 EPS. On average, sell-side analysts anticipate that Suncor Energy Inc. will post 7.07 earnings per share for the current fiscal year.

Suncor Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $2.40 annualized dividend and a yield of 3.7%. Suncor Energy’s dividend payout ratio is currently 46.19%.

Suncor Energy 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.