British Airways Pensions Investment Management Ltd increased its stake in Suncor Energy Inc. (NYSE:SU) by 58.3% during the second quarter, Holdings Channel reports. The institutional investor owned 270,500 shares of the company’s stock after buying an additional 99,600 shares during the period. British Airways Pensions Investment Management Ltd’s holdings in Suncor Energy were worth $7,495,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in shares of Suncor Energy by 8.2% in the first quarter. Wellington Management Group LLP now owns 37,396,442 shares of the company’s stock valued at $1,040,047,000 after buying an additional 2,824,033 shares during the last quarter. 1832 Asset Management L.P. increased its stake in Suncor Energy by 15.4% in the first quarter. 1832 Asset Management L.P. now owns 11,046,234 shares of the company’s stock valued at $462,620,000 after buying an additional 1,478,078 shares in the last quarter. Burgundy Asset Management Ltd. bought a new stake in Suncor Energy during the first quarter valued at $212,274,000. Legal & General Group Plc increased its stake in Suncor Energy by 12.4% in the first quarter. Legal & General Group Plc now owns 7,290,645 shares of the company’s stock valued at $203,856,000 after buying an additional 806,644 shares in the last quarter. Finally, NWQ Investment Management Company LLC increased its stake in Suncor Energy by 0.6% in the first quarter. NWQ Investment Management Company LLC now owns 2,585,146 shares of the company’s stock valued at $71,893,000 after buying an additional 16,026 shares in the last quarter. Institutional investors own 62.91% of the company’s stock.

Shares of Suncor Energy Inc. (NYSE:SU) traded up 1.87% during midday trading on Thursday, hitting $26.74. 5,809,417 shares of the stock were exchanged. Suncor Energy Inc. has a 12 month low of $18.71 and a 12 month high of $30.70. The company’s market cap is $44.51 billion. The stock has a 50 day moving average price of $27.33 and a 200-day moving average price of $27.33.

Suncor Energy (NYSE:SU) last released its earnings results on Wednesday, July 27th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.21) by $0.15. Suncor Energy had a negative return on equity of 1.59% and a negative net margin of 11.29%. During the same quarter last year, the business earned $0.63 EPS. On average, analysts predict that Suncor Energy Inc. will post ($0.33) EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 26th. Shareholders of record on Tuesday, September 6th will be issued a dividend of $0.2194 per share. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $0.88 dividend on an annualized basis and a yield of 3.28%. Suncor Energy’s dividend payout ratio (DPR) is presently -60.54%.

Several analysts have recently weighed in on the stock. TD Securities raised shares of Suncor Energy from a “hold” rating to a “buy” rating and lifted their price target for the company from $39.00 to $40.00 in a research note on Wednesday, June 22nd. Zacks Investment Research downgraded shares of Suncor Energy from a “hold” rating to a “sell” rating in a research note on Thursday, June 2nd. Vetr downgraded shares of Suncor Energy from a “strong-buy” rating to a “buy” rating and set a $31.93 price target for the company. in a research note on Tuesday, June 7th. Citigroup Inc. raised shares of Suncor Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $40.00 to $44.00 in a research note on Thursday, June 23rd. Finally, Raymond James Financial Inc. reaffirmed an “outperform” rating and set a $42.00 price target (down previously from $43.00) on shares of Suncor Energy in a research note on Thursday, June 9th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $38.19.

Suncor Energy Company Profile

Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.

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