Viewpoint Investment Partners Corp Acquires 13,200 Shares of Suncor Energy Inc. $SU

Viewpoint Investment Partners Corp lifted its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 43.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 43,835 shares of the oil and gas producer’s stock after purchasing an additional 13,200 shares during the period. Viewpoint Investment Partners Corp’s holdings in Suncor Energy were worth $2,973,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. HighTower Advisors LLC lifted its holdings in Suncor Energy by 255.0% in the second quarter. HighTower Advisors LLC now owns 78,316 shares of the oil and gas producer’s stock valued at $4,204,000 after buying an additional 56,254 shares during the period. Dimensional Fund Advisors LP boosted its stake 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 valued at $833,622,000 after acquiring an additional 411,243 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in Suncor Energy by 6.3% in the first quarter. Public Employees Retirement System of Ohio now owns 846,111 shares of the oil and gas producer’s stock valued at $55,802,000 after acquiring an additional 50,502 shares during the last quarter. Bank of America Corp DE acquired a new stake in Suncor Energy during the 2nd quarter worth $351,892,000. Finally, TD Waterhouse Canada Inc. grew its holdings in Suncor Energy by 2.1% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 11,657,514 shares of the oil and gas producer’s stock worth $625,497,000 after acquiring an additional 239,208 shares during the period. 67.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Suncor Energy Stock Performance

Shares of SU stock opened at $79.50 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.65 and a quick ratio of 1.08. The stock has a market cap of $92.99 billion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 0.27 and a beta of 0.36. The stock has a 50-day moving average of $69.97 and a 200-day moving average of $62.47. Suncor Energy Inc. has a one year low of $38.72 and a one year high of $80.25.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings data on Tuesday, August 4th. The oil and gas producer reported $2.33 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.19. Suncor Energy had a net margin of 15.62% and a return on equity of 20.05%. The business had revenue of $13.41 billion for the quarter, compared to analyst estimates of $11.68 billion. During the same quarter last year, the firm earned $0.71 EPS. As a group, sell-side analysts expect that Suncor Energy Inc. will post 8.76 earnings per share for the current year.

Suncor Energy Announces Dividend

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

Suncor Energy 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.