2,116,900 Shares in Suncor Energy Inc. $SU Bought by Alberta Investment Management Corp

Alberta Investment Management Corp acquired a new position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,116,900 shares of the oil and gas producer’s stock, valued at approximately $93,960,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Strategic Global Advisors LLC grew its holdings in Suncor Energy by 117.9% during the fourth quarter. Strategic Global Advisors LLC now owns 23,044 shares of the oil and gas producer’s stock worth $1,022,000 after acquiring an additional 12,470 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its holdings in Suncor Energy by 18.0% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 3,844 shares of the oil and gas producer’s stock worth $171,000 after acquiring an additional 587 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in Suncor Energy by 10.2% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 81,046 shares of the oil and gas producer’s stock worth $3,595,000 after acquiring an additional 7,501 shares during the period. MML Investors Services LLC grew its holdings in Suncor Energy by 52.7% during the fourth quarter. MML Investors Services LLC now owns 45,590 shares of the oil and gas producer’s stock worth $2,022,000 after acquiring an additional 15,729 shares during the period. Finally, Mariner LLC grew its holdings in Suncor Energy by 11.2% during the fourth quarter. Mariner LLC now owns 81,483 shares of the oil and gas producer’s stock worth $3,615,000 after acquiring an additional 8,213 shares during the period. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Stock Down 3.2%

Suncor Energy stock opened at $59.61 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.92 and a current ratio of 1.42. The firm has a market capitalization of $70.38 billion, a price-to-earnings ratio of 15.64 and a beta of 0.27. Suncor Energy Inc. has a fifty-two week low of $37.22 and a fifty-two week high of $70.29. The stock’s fifty day moving average is $64.81 and its two-hundred day moving average is $56.56.

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

Suncor Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Thursday, June 4th. Suncor Energy’s dividend payout ratio is currently 45.67%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SU shares. Zacks Research lowered Suncor Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Weiss Ratings lowered Suncor Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Wall Street Zen lowered Suncor Energy from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 7th. The Goldman Sachs Group lowered Suncor Energy from a “buy” rating to a “neutral” rating and set a $72.00 target price on the stock. in a report on Friday, June 5th. Finally, Royal Bank Of Canada upped their target price on Suncor Energy from $75.00 to $89.00 and gave the company an “outperform” rating in a report on Wednesday, April 1st. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.