205,000 Shares in Suncor Energy Inc. $SU Purchased by Walter Public Investments Inc.

Walter Public Investments Inc. purchased a new stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 205,000 shares of the oil and gas producer’s stock, valued at approximately $13,559,000. Suncor Energy comprises 3.2% of Walter Public Investments Inc.’s investment portfolio, making the stock its 11th largest position.

A number of other hedge funds have also recently bought and sold shares of SU. Vanguard Group Inc. raised its position in shares of Suncor Energy by 2.1% in 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 purchasing an additional 1,166,405 shares in the last quarter. Dodge & Cox grew its position in shares of Suncor Energy by 0.3% during the third quarter. Dodge & Cox now owns 27,471,954 shares of the oil and gas producer’s stock worth $1,148,602,000 after buying an additional 70,300 shares in the last quarter. FIL Ltd grew its position in shares of Suncor Energy by 14.0% during the fourth quarter. FIL Ltd now owns 21,050,387 shares of the oil and gas producer’s stock worth $934,312,000 after buying an additional 2,592,516 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Suncor Energy by 2.7% in the fourth quarter. Principal Financial Group Inc. now owns 19,371,704 shares of the oil and gas producer’s stock worth $860,933,000 after buying an additional 516,783 shares during the last quarter. Finally, Fisher Asset Management LLC raised its holdings in Suncor Energy by 8.3% in the fourth quarter. Fisher Asset Management LLC now owns 16,820,924 shares of the oil and gas producer’s stock valued at $746,176,000 after acquiring an additional 1,289,959 shares in the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Stock Performance

SU stock opened at $55.02 on Friday. The company has a current ratio of 1.42, a quick ratio of 0.92 and a debt-to-equity ratio of 0.20. The firm has a market cap of $64.96 billion, a P/E ratio of 14.44 and a beta of 0.30. Suncor Energy Inc. has a 12-month low of $37.55 and a 12-month high of $70.29. The stock’s 50 day simple moving average is $62.34 and its 200 day simple moving average is $57.52.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings data 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 business had revenue of $10.41 billion during the quarter, compared to analyst estimates of $9.22 billion. During the same period in the prior year, the firm earned $1.31 EPS. As a group, equities research analysts predict that Suncor Energy Inc. will post 7.07 EPS for the current year.

Suncor Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Thursday, June 4th. Suncor Energy’s dividend payout ratio (DPR) is presently 45.41%.

Wall Street Analyst Weigh In

SU has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of Suncor Energy from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 7th. The Goldman Sachs Group downgraded shares of Suncor Energy from a “buy” rating to a “neutral” rating and set a $72.00 target price for the company. in a research report on Friday, June 5th. Weiss Ratings upgraded shares of Suncor Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 26th. Scotiabank raised shares of Suncor Energy to a “strong-buy” rating in a research report on Friday, June 26th. Finally, Royal Bank Of Canada lifted their price target on Suncor Energy from $75.00 to $89.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $71.67.

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.