Dockside LLC Purchases Shares of 35,038 Suncor Energy Inc. $SU

Dockside LLC purchased a new stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 35,038 shares of the oil and gas producer’s stock, valued at approximately $1,554,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SU. Fisher Asset Management LLC increased its holdings in Suncor Energy by 85.5% in the 3rd quarter. Fisher Asset Management LLC now owns 15,530,965 shares of the oil and gas producer’s stock valued at $649,350,000 after buying an additional 7,158,953 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Suncor Energy by 62.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 13,335,239 shares of the oil and gas producer’s stock valued at $557,682,000 after buying an additional 5,113,280 shares during the period. Alyeska Investment Group L.P. increased its holdings in Suncor Energy by 334.8% in the 3rd quarter. Alyeska Investment Group L.P. now owns 2,590,863 shares of the oil and gas producer’s stock valued at $108,324,000 after buying an additional 1,995,007 shares during the period. Bank of Nova Scotia increased its holdings in Suncor Energy by 63.5% in the 3rd quarter. Bank of Nova Scotia now owns 5,028,399 shares of the oil and gas producer’s stock valued at $210,474,000 after buying an additional 1,952,444 shares during the period. Finally, Lazard Asset Management LLC increased its holdings in Suncor Energy by 173.2% in the 3rd quarter. Lazard Asset Management LLC now owns 3,036,031 shares of the oil and gas producer’s stock valued at $126,994,000 after buying an additional 1,924,923 shares during the period. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Stock Down 0.4%

Shares of NYSE SU opened at $61.56 on Friday. The firm’s 50-day simple moving average is $64.94 and its 200 day simple moving average is $56.36. The company has a market cap of $72.69 billion, a price-to-earnings ratio of 16.16 and a beta of 0.27. The company has a quick ratio of 0.92, a current ratio of 1.42 and a debt-to-equity ratio of 0.20. Suncor Energy Inc. has a 12-month low of $37.22 and a 12-month high of $70.29.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings results on Tuesday, May 5th. The oil and gas producer reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.45 by ($0.04). The company had revenue of $10.41 billion for the quarter, compared to analyst estimates of $9.22 billion. Suncor Energy had a return on equity of 13.96% and a net margin of 12.29%.During the same quarter last year, the company earned $1.31 EPS. On average, research analysts expect that Suncor Energy Inc. will post 7.07 earnings per share for the current fiscal year.

Suncor Energy Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Weiss Ratings lowered shares of Suncor Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. ATB Cormark Capital Markets upgraded shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, April 1st. Royal Bank Of Canada boosted their target price on shares of Suncor Energy from $75.00 to $89.00 and gave the company an “outperform” rating in a research note 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 on the stock. in a research note on Friday, June 5th. Finally, Wall Street Zen downgraded shares of Suncor Energy from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 7th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Suncor Energy has an average rating of “Moderate Buy” and a consensus price target of $71.67.

About Suncor Energy

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.