Point72 Asia Singapore Pte. Ltd. Buys Shares of 30,295 Suncor Energy Inc. (NYSE:SU)

Point72 Asia Singapore Pte. Ltd. acquired a new position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 30,295 shares of the oil and gas producer’s stock, valued at approximately $1,081,000.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Suncor Energy by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 53,019,357 shares of the oil and gas producer’s stock worth $1,892,526,000 after buying an additional 323,714 shares during the period. Artisan Partners Limited Partnership grew its position in Suncor Energy by 0.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 24,289,019 shares of the oil and gas producer’s stock worth $865,885,000 after acquiring an additional 169,700 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Suncor Energy by 0.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 23,308,055 shares of the oil and gas producer’s stock worth $831,631,000 after buying an additional 209,447 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Suncor Energy by 4.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 10,981,927 shares of the oil and gas producer’s stock valued at $391,809,000 after acquiring an additional 445,613 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Suncor Energy by 4.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,132,812 shares of the oil and gas producer’s stock valued at $361,227,000 after purchasing an additional 437,252 shares during the period. 67.37% of the stock is owned by institutional investors and hedge funds.

Suncor Energy Trading Down 0.4%

NYSE SU opened at $36.27 on Thursday. 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 52 week low of $30.79 and a 52 week high of $41.95. The stock’s 50 day moving average price is $35.67 and its two-hundred day moving average price is $37.37. The stock has a market capitalization of $44.72 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 2.94 and a beta of 0.79.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.05. The business 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 period last year, the business posted $1.41 EPS. As a group, analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be issued a dividend of $0.4133 per share. This represents a $1.65 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date of this dividend is Wednesday, June 4th. This is a boost from Suncor Energy’s previous quarterly dividend of $0.40. Suncor Energy’s payout ratio is currently 45.53%.

Analyst Ratings Changes

SU has been the subject of several research analyst reports. StockNews.com downgraded Suncor Energy from a “buy” rating to a “hold” rating in a research report on Thursday, April 17th. Scotiabank raised shares of Suncor Energy to a “hold” rating in a report on Wednesday, March 19th. Tudor, Pickering, Holt & Co. raised Suncor Energy from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. Tudor Pickering raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Finally, Cibc World Mkts upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.