Healthcare of Ontario Pension Plan Trust Fund Buys 2,248,111 Shares of Suncor Energy Inc. $SU

Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 5,468.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,289,219 shares of the oil and gas producer’s stock after acquiring an additional 2,248,111 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.19% of Suncor Energy worth $101,609,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Atlantic Edge Private Wealth Management LLC increased its position in shares of Suncor Energy by 54.9% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 635 shares of the oil and gas producer’s stock worth $28,000 after acquiring an additional 225 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Suncor Energy during the second quarter worth about $31,000. 1 North Wealth Services LLC bought a new stake in shares of Suncor Energy during the fourth quarter worth about $32,000. Smartleaf Asset Management LLC increased its position in shares of Suncor Energy by 95.8% during the third quarter. Smartleaf Asset Management LLC now owns 793 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 388 shares in the last quarter. Finally, Accent Capital Management LLC increased its position in shares of Suncor Energy by 37.5% during the fourth quarter. Accent Capital Management LLC now owns 825 shares of the oil and gas producer’s stock worth $37,000 after acquiring an additional 225 shares in the last quarter. 67.37% of the stock is owned by institutional investors.

Suncor Energy Stock Down 0.4%

SU opened at $61.56 on Friday. 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 stock has a market cap of $72.69 billion, a price-to-earnings ratio of 16.16 and a beta of 0.27. Suncor Energy Inc. has a twelve month low of $37.22 and a twelve month high of $70.29. The company’s 50-day moving average price is $64.94 and its two-hundred day moving average price is $56.36.

Suncor Energy (NYSE:SU) (TSE:SU) last released its earnings results on Tuesday, May 5th. The oil and gas producer reported $1.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.04). The company had revenue of $10.41 billion during 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 quarter in the previous year, the firm earned $1.31 earnings per share. As a group, equities analysts expect that Suncor Energy Inc. will post 7.07 earnings per share for the current year.

Suncor Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Thursday, June 4th. Suncor Energy’s payout ratio is presently 45.41%.

Analyst Ratings Changes

SU has been the subject of several recent research reports. Wall Street Zen downgraded shares of Suncor Energy from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 7th. Royal Bank Of Canada boosted their target price 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. The Goldman Sachs Group downgraded shares of Suncor Energy from a “buy” rating to a “neutral” rating and set a $72.00 target price for the company. in a research report on Friday, June 5th. Weiss Ratings cut shares of Suncor Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Finally, ATB Cormark Capital Markets upgraded shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a report on Wednesday, April 1st. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.67.

Suncor Energy 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.