Point72 Europe London LLP Invests $16.86 Million in Suncor Energy Inc. (NYSE:SU)

Point72 Europe London LLP acquired a new stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 472,659 shares of the oil and gas producer’s stock, valued at approximately $16,862,000.

A number of other large investors have also recently made changes to their positions in SU. Polar Asset Management Partners Inc. acquired a new stake in shares of Suncor Energy in the fourth quarter worth approximately $1,962,000. Quantinno Capital Management LP increased its holdings in Suncor Energy by 5.1% during the 4th quarter. Quantinno Capital Management LP now owns 39,090 shares of the oil and gas producer’s stock worth $1,395,000 after purchasing an additional 1,897 shares during the period. Man Group plc grew its stake in shares of Suncor Energy by 51.5% during the fourth quarter. Man Group plc now owns 114,555 shares of the oil and gas producer’s stock worth $4,087,000 after purchasing an additional 38,921 shares in the last quarter. Nomura Holdings Inc. purchased a new position in Suncor Energy in the fourth quarter valued at approximately $257,000. Finally, Leigh Baldwin & CO. LLC acquired a new stake in shares of Suncor Energy in the 4th quarter valued at about $11,290,000. 67.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SU. StockNews.com downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating in a report on Thursday, April 17th. Tudor Pickering raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Cibc World Mkts upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Bank of America began coverage on Suncor Energy in a report on Wednesday, February 26th. They issued a “neutral” rating for the company. Finally, Tudor, Pickering, Holt & Co. upgraded Suncor Energy from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $59.20.

Suncor Energy Stock Performance

NYSE:SU opened at $36.27 on Thursday. Suncor Energy Inc. has a 52-week low of $30.79 and a 52-week high of $41.95. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33. The company has a market cap of $44.72 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 2.94 and a beta of 0.79. The firm’s 50-day moving average is $35.67 and its 200-day moving average is $37.37.

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. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. The company had revenue of $9.10 billion for the quarter, compared to analyst estimates of $13.39 billion. During the same quarter last year, the firm earned $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 firm 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 dividend of $0.4133 per share. This is a boost from Suncor Energy’s previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, June 4th. This represents a $1.65 annualized dividend and a yield of 4.56%. Suncor Energy’s dividend payout ratio is presently 45.53%.

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.