10Elms LLP Invests $95,000 in Suncor Energy Inc. (NYSE:SU)

10Elms LLP acquired a new stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,650 shares of the oil and gas producer’s stock, valued at approximately $95,000.

A number of other large investors have also recently added to or reduced their stakes in SU. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Suncor Energy by 500.4% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,453,314 shares of the oil and gas producer’s stock valued at $87,459,000 after purchasing an additional 2,044,680 shares in the last quarter. Delta Investment Management LLC raised its position in shares of Suncor Energy by 6.2% during the 4th quarter. Delta Investment Management LLC now owns 20,902 shares of the oil and gas producer’s stock worth $746,000 after purchasing an additional 1,226 shares during the last quarter. USS Investment Management Ltd raised its position in shares of Suncor Energy by 69.3% during the 4th quarter. USS Investment Management Ltd now owns 317,603 shares of the oil and gas producer’s stock worth $11,319,000 after purchasing an additional 130,003 shares during the last quarter. Waverly Advisors LLC purchased a new stake in Suncor Energy in the 4th quarter valued at approximately $569,000. Finally, Vident Advisory LLC grew its holdings in Suncor Energy by 967.9% during the 4th quarter. Vident Advisory LLC now owns 519,112 shares of the oil and gas producer’s stock valued at $18,522,000 after buying an additional 470,500 shares during the last quarter. 67.37% of the stock is owned by institutional investors and hedge funds.

Suncor Energy Stock Performance

Suncor Energy stock opened at $35.22 on Wednesday. The stock has a fifty day moving average price of $35.66 and a 200 day moving average price of $37.29. Suncor Energy Inc. has a 52 week low of $30.79 and a 52 week high of $41.95. The firm has a market capitalization of $43.43 billion, a P/E ratio of 10.21, a PEG ratio of 2.94 and a beta of 0.79. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. The company had revenue of $9.10 billion during the quarter, compared to the consensus estimate of $13.39 billion. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. During the same quarter in the prior year, the company posted $1.41 EPS. Equities research analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be issued a $0.4133 dividend. This represents a $1.65 dividend on an annualized basis and a yield of 4.69%. This is an increase from Suncor Energy’s previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, June 4th. Suncor Energy’s payout ratio is presently 45.53%.

Analyst Ratings Changes

Several equities analysts have weighed in on SU shares. StockNews.com downgraded Suncor Energy from a “buy” rating to a “hold” rating in a research report on Thursday, April 17th. Bank of America initiated coverage on Suncor Energy in a research note on Wednesday, February 26th. They set a “neutral” rating on the stock. Scotiabank raised shares of Suncor Energy to a “hold” rating in a research note on Wednesday, March 19th. Tudor Pickering upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Finally, Cibc World Mkts upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Suncor Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.20.

Suncor Energy Profile

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.