Opal Capital LLC Purchases New Shares in Suncor Energy Inc. $SU

Opal Capital LLC purchased a new stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the fourth quarter, Holdings Channel.com reports. The fund purchased 42,841 shares of the oil and gas producer’s stock, valued at approximately $1,900,000.

Other large investors also recently made changes to their positions in the company. Swiss Life Asset Management Ltd lifted its position in shares of 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 valued at $4,240,000 after purchasing an additional 26,252 shares in the last quarter. Picton Mahoney Asset Management lifted its position in shares of 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 valued at $26,246,000 after purchasing an additional 476,077 shares in the last quarter. Intact Investment Management Inc. lifted its position in shares of 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 valued at $75,236,000 after purchasing an additional 451,110 shares in the last quarter. American Century Companies Inc. lifted its position in shares of 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 valued at $37,519,000 after purchasing an additional 18,231 shares in the last quarter. Finally, SCP Investment LP bought a new stake in Suncor Energy in the third quarter worth about $1,915,000. 67.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. The Goldman Sachs Group lowered shares of Suncor Energy from a “buy” rating to a “neutral” rating and set a $72.00 price objective on the stock. in a research report on Friday, June 5th. 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. Weiss Ratings lowered shares of Suncor Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Royal Bank Of Canada lifted their price objective on shares of Suncor Energy from $75.00 to $89.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 1st. Finally, Wall Street Zen lowered shares of Suncor Energy from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 7th. Five analysts have rated the stock with a Buy rating and three have given 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 $71.67.

Suncor Energy Price Performance

Shares of NYSE:SU opened at $58.14 on Wednesday. The company has a 50 day moving average of $64.66 and a 200 day moving average of $56.65. The stock has a market cap of $68.65 billion, a P/E ratio of 15.26 and a beta of 0.27. Suncor Energy Inc. has a 12 month low of $37.22 and a 12 month high of $70.29. The company has a current ratio of 1.42, a quick ratio of 0.92 and a debt-to-equity ratio of 0.20.

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

Suncor Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $2.40 annualized dividend and a yield of 4.1%. Suncor Energy’s payout ratio is currently 45.41%.

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.