649,444 Shares in Suncor Energy Inc. $SU Purchased by Life Cycle Investment Partners Ltd

Life Cycle Investment Partners Ltd purchased a new position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 649,444 shares of the oil and gas producer’s stock, valued at approximately $28,862,000. Life Cycle Investment Partners Ltd owned 0.05% of Suncor Energy as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in Suncor Energy by 0.6% during the third quarter. Principal Financial Group Inc. now owns 18,854,921 shares of the oil and gas producer’s stock worth $789,213,000 after purchasing an additional 106,765 shares during the period. Swiss Life Asset Management Ltd grew its holdings in Suncor Energy by 35.0% during the third quarter. Swiss Life Asset Management Ltd now owns 101,192 shares of the oil and gas producer’s stock worth $4,240,000 after purchasing an additional 26,252 shares during the period. Picton Mahoney Asset Management grew its holdings in Suncor Energy by 314.8% during the third quarter. Picton Mahoney Asset Management now owns 627,313 shares of the oil and gas producer’s stock worth $26,246,000 after purchasing an additional 476,077 shares during the period. Intact Investment Management Inc. grew its holdings in Suncor Energy by 36.3% during 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 purchasing an additional 451,110 shares during the period. Finally, American Century Companies Inc. grew its holdings in Suncor Energy by 2.1% during the third quarter. American Century Companies Inc. now owns 896,556 shares of the oil and gas producer’s stock worth $37,519,000 after purchasing an additional 18,231 shares during the period. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Trading Down 0.6%

Shares of SU stock opened at $67.34 on Friday. The firm has a 50 day moving average price of $64.86 and a two-hundred day moving average price of $54.22. The company has a quick ratio of 0.92, a current ratio of 1.42 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $79.52 billion, a PE ratio of 17.68 and a beta of 0.31. Suncor Energy Inc. has a 12-month low of $34.99 and a 12-month high of $70.29.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings data on Tuesday, May 5th. The oil and gas producer reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.45 by ($0.04). The company had revenue of $10.41 billion for the quarter, compared to analyst estimates of $9.22 billion. Suncor Energy had a return on equity of 13.96% and a net margin of 12.29%.During the same quarter last year, the business earned $1.31 earnings per share. As a group, analysts predict that Suncor Energy Inc. will post 6.79 earnings per share for the current year.

Suncor Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, June 4th. This represents a $2.40 annualized dividend and a yield of 3.6%. Suncor Energy’s dividend payout ratio (DPR) is 46.19%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SU shares. 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 report on Wednesday, April 1st. Weiss Ratings upgraded shares of Suncor Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. Wall Street Zen upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Zacks Research upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 2nd. Finally, ATB Cormark Capital Markets upgraded shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Suncor Energy has a consensus rating of “Buy” and an average price target of $72.00.

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.