Suncor Energy Inc. $SU Shares Bought by Vise Technologies Inc.

Vise Technologies Inc. increased its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 16.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 138,217 shares of the oil and gas producer’s stock after buying an additional 19,255 shares during the period. Vise Technologies Inc.’s holdings in Suncor Energy were worth $9,381,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership increased its holdings in shares of Suncor Energy by 121.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 26,085,360 shares of the oil and gas producer’s stock valued at $1,724,954,000 after acquiring an additional 14,304,131 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Suncor Energy during the 2nd quarter worth $816,551,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Suncor Energy during the 2nd quarter worth $790,952,000. Dimensional Fund Advisors LP raised its holdings in Suncor Energy by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 12,609,777 shares of the oil and gas producer’s stock worth $833,622,000 after purchasing an additional 411,243 shares in the last quarter. Finally, TD Waterhouse Canada Inc. raised its holdings in Suncor Energy by 2.1% in the second quarter. TD Waterhouse Canada Inc. now owns 11,657,514 shares of the oil and gas producer’s stock worth $625,497,000 after purchasing an additional 239,208 shares in the last quarter. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Suncor Energy Trading Up 0.2%

NYSE SU opened at $79.55 on Monday. Suncor Energy Inc. has a 12-month low of $38.72 and a 12-month high of $80.25. The company has a fifty day simple moving average of $71.06 and a two-hundred day simple moving average of $63.27. The company has a current ratio of 1.65, a quick ratio of 1.08 and a debt-to-equity ratio of 0.19. The stock has a market cap of $93.04 billion, a P/E ratio of 14.65, a P/E/G ratio of 0.27 and a beta of 0.36.

Suncor Energy (NYSE:SU) (TSE:SU) last released its earnings results on Tuesday, August 4th. The oil and gas producer reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.19. Suncor Energy had a return on equity of 20.05% and a net margin of 15.62%. The firm had revenue of $13.41 billion for the quarter, compared to the consensus estimate of $11.68 billion. During the same period in the prior year, the firm earned $0.71 EPS. On average, analysts forecast that Suncor Energy Inc. will post 8.76 earnings per share for the current year.

Suncor Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were issued a dividend of C$0.60 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.0%. Suncor Energy’s payout ratio is 31.86%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Morgan Stanley set a $106.00 price target on shares of Suncor Energy in a report on Wednesday, August 19th. Zacks Research upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Wall Street Zen raised shares of Suncor Energy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 17th. Weiss Ratings raised shares of Suncor Energy from a “buy (b)” rating to a “buy (a-)” rating in a research report on Thursday, October 8th. Finally, Desjardins upgraded shares of Suncor Energy to a “moderate buy” rating in a research note on Thursday, July 16th. Three investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Suncor Energy currently has a consensus rating of “Buy” and a consensus target price of $79.62.

Suncor Energy Company Profile

Suncor Energy Inc is an integrated energy company headquartered in Calgary, Alberta, Canada. Its operations span the energy value chain, including the development, production, upgrading, refining, and marketing of crude oil and petroleum products.

The company is one of Canada’s major oil sands producers, with interests in mining and in situ oil sands projects. Suncor produces bitumen and synthetic crude oil and also has conventional oil and offshore production interests. Its upstream portfolio includes operated and non-operated assets in Canada.

Through its downstream operations, Suncor refines crude oil into gasoline, diesel, jet fuel, asphalt, and other petroleum products.