33,523 Shares in Suncor Energy Inc. $SU Bought by Live Oak Investment Partners

Live Oak Investment Partners acquired a new stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the second quarter, HoldingsChannel reports. The fund acquired 33,523 shares of the oil and gas producer’s stock, valued at approximately $1,800,000. Suncor Energy makes up about 1.0% of Live Oak Investment Partners’ holdings, making the stock its 25th largest holding.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake 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 worth $2,473,173,000 after acquiring an additional 1,166,405 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Suncor Energy by 121.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 26,085,360 shares of the oil and gas producer’s stock worth $1,724,954,000 after acquiring an additional 14,304,131 shares during the period. FIL Ltd increased its stake 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 acquiring an additional 2,592,516 shares during the period. Principal Financial Group Inc. raised its holdings in Suncor Energy by 2.7% during 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 purchasing an additional 516,783 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in Suncor Energy by 8.3% during the fourth quarter. Fisher Asset Management LLC now owns 16,820,924 shares of the oil and gas producer’s stock worth $746,176,000 after purchasing an additional 1,289,959 shares in the last quarter. 67.37% of the stock is owned by institutional investors and hedge funds.

Suncor Energy Price Performance

Shares of NYSE SU opened at $67.54 on Thursday. The stock has a market cap of $79.75 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 0.49 and a beta of 0.30. Suncor Energy Inc. has a 52 week low of $37.76 and a 52 week high of $70.29. The company’s 50-day moving average price is $60.75 and its 200 day moving average price is $61.45. The company has a current ratio of 1.65, a quick ratio of 1.08 and a debt-to-equity ratio of 0.19.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its earnings results on Tuesday, August 4th. The oil and gas producer reported $2.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.19. The company had revenue of $13.41 billion during the quarter, compared to analysts’ expectations of $11.68 billion. Suncor Energy had a net margin of 15.62% and a return on equity of 20.05%. During the same quarter in the previous year, the business posted $0.71 earnings per share. As a group, research analysts forecast that Suncor Energy Inc. will post 7.39 earnings per share for the current fiscal year.

Suncor Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be given a $0.60 dividend. The ex-dividend date is Friday, September 4th. This represents a $2.40 annualized dividend and a dividend yield of 3.6%. Suncor Energy’s dividend payout ratio is currently 32.04%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SU. Zacks Research lowered Suncor Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Desjardins raised Suncor Energy to a “moderate buy” rating in a research note on Thursday, July 16th. Morgan Stanley set a $106.00 target price on Suncor Energy in a research note on Wednesday. Wall Street Zen cut Suncor Energy from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Finally, Scotiabank upgraded Suncor Energy to a “strong-buy” rating in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $80.25.

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.