Caprock Group LLC Purchases Shares of 28,232 Suncor Energy Inc. $SU

Caprock Group LLC acquired a new position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the third quarter, HoldingsChannel reports. The firm acquired 28,232 shares of the oil and gas producer’s stock, valued at approximately $1,166,000.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Suncor Energy by 3.1% in the second quarter. Vanguard Group Inc. now owns 54,631,516 shares of the oil and gas producer’s stock valued at $2,046,442,000 after buying an additional 1,632,247 shares during the period. Artisan Partners Limited Partnership increased its position in shares of Suncor Energy by 38.5% in the second quarter. Artisan Partners Limited Partnership now owns 33,722,975 shares of the oil and gas producer’s stock worth $1,264,043,000 after acquiring an additional 9,378,552 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Suncor Energy by 3.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,911,602 shares of the oil and gas producer’s stock valued at $779,788,000 after acquiring an additional 641,354 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Suncor Energy by 0.6% during the 3rd quarter. Principal Financial Group Inc. now owns 18,854,921 shares of the oil and gas producer’s stock valued at $789,213,000 after acquiring an additional 106,765 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in Suncor Energy by 29.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 10,555,381 shares of the oil and gas producer’s stock worth $395,649,000 after purchasing an additional 2,406,000 shares during the period. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Wall Street Analysts Forecast Growth

SU has been the topic of several research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Suncor Energy in a research report on Monday, December 29th. Zacks Research downgraded Suncor Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Royal Bank Of Canada upped their price target on Suncor Energy from $69.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Wall Street Zen lowered shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Sunday, December 28th. Finally, Raymond James Financial upgraded shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a research note on Thursday, November 6th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.00.

Suncor Energy Price Performance

NYSE SU opened at $55.96 on Friday. The company has a 50-day moving average price of $47.96 and a two-hundred day moving average price of $43.59. Suncor Energy Inc. has a 52 week low of $30.79 and a 52 week high of $56.46. The stock has a market cap of $66.59 billion, a price-to-earnings ratio of 16.13 and a beta of 0.46. The company has a current ratio of 1.39, a quick ratio of 0.89 and a debt-to-equity ratio of 0.20.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings data on Tuesday, February 3rd. The oil and gas producer reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.02. Suncor Energy had a return on equity of 12.51% and a net margin of 11.99%.The business had revenue of $8.77 billion during the quarter, compared to the consensus estimate of $8.79 billion. During the same period in the previous year, the firm posted $1.25 earnings per share. Analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $2.40 annualized dividend and a yield of 4.3%. Suncor Energy’s dividend payout ratio is presently 49.57%.

Suncor Energy Company Profile

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.