ExodusPoint Capital Management LP Grows Stake in Suncor Energy Inc. (NYSE:SU)

ExodusPoint Capital Management LP grew its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 1,037.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 282,900 shares of the oil and gas producer’s stock after purchasing an additional 258,033 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Suncor Energy were worth $10,094,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Suncor Energy by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 53,019,357 shares of the oil and gas producer’s stock worth $1,892,526,000 after purchasing an additional 323,714 shares during the last quarter. Artisan Partners Limited Partnership grew its holdings in shares of Suncor Energy by 0.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 24,289,019 shares of the oil and gas producer’s stock valued at $865,885,000 after buying an additional 169,700 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Suncor Energy by 0.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 23,308,055 shares of the oil and gas producer’s stock valued at $831,631,000 after acquiring an additional 209,447 shares during the period. Toronto Dominion Bank raised its stake in Suncor Energy by 1.8% in the 3rd quarter. Toronto Dominion Bank now owns 18,546,207 shares of the oil and gas producer’s stock worth $684,726,000 after acquiring an additional 333,440 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Suncor Energy by 4.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,132,812 shares of the oil and gas producer’s stock worth $361,227,000 after acquiring an additional 437,252 shares during the period. Institutional investors and hedge funds own 67.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SU. Scotiabank raised Suncor Energy to a “hold” rating in a report on Wednesday, March 19th. Cibc World Mkts upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Morgan Stanley cut shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. Tudor Pickering raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Finally, Tudor, Pickering, Holt & Co. upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.20.

Suncor Energy Trading Down 9.8 %

Shares of Suncor Energy stock opened at $33.19 on Friday. The firm has a 50-day simple moving average of $37.94 and a two-hundred day simple moving average of $38.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33. Suncor Energy Inc. has a fifty-two week low of $32.78 and a fifty-two week high of $41.95. The company has a market cap of $41.06 billion, a P/E ratio of 9.62, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.07. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. As a group, equities analysts predict that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th were issued a dividend of $0.399 per share. This represents a $1.60 annualized dividend and a yield of 4.81%. The ex-dividend date of this dividend was Tuesday, March 4th. Suncor Energy’s payout ratio is 45.51%.

About Suncor Energy

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.