Suncor Energy Inc. (SU) Position Held by Barings LLC
Barings LLC held its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,171,035 shares of the oil and gas producer’s stock at the close of the second quarter. Suncor Energy comprises approximately 0.9% of Barings LLC’s investment portfolio, making the stock its 14th largest position. Barings LLC owned 0.07% of Suncor Energy worth $36,009,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Sei Investments Co. raised its holdings in Suncor Energy by 23.9% during the 1st quarter. Sei Investments Co. now owns 34,734 shares of the oil and gas producer’s stock worth $1,069,000 after buying an additional 6,700 shares during the period. Stifel Financial Corp lifted its stake in Suncor Energy by 11.7% in the first quarter. Stifel Financial Corp now owns 30,393 shares of the oil and gas producer’s stock valued at $934,000 after buying an additional 3,195 shares in the last quarter. AXA lifted its stake in Suncor Energy by 43.0% in the first quarter. AXA now owns 98,689 shares of the oil and gas producer’s stock valued at $3,034,000 after buying an additional 29,666 shares in the last quarter. BB&T Securities LLC lifted its stake in Suncor Energy by 24.1% in the first quarter. BB&T Securities LLC now owns 15,234 shares of the oil and gas producer’s stock valued at $468,000 after buying an additional 2,963 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of Suncor Energy by 20.6% in the first quarter. Van ECK Associates Corp now owns 18,762 shares of the oil and gas producer’s stock valued at $577,000 after buying an additional 3,206 shares during the period. Hedge funds and other institutional investors own 64.05% of the company’s stock.
Shares of Suncor Energy Inc. (NYSE SU) traded up 0.84% on Tuesday, reaching $34.93. The company had a trading volume of 1,467,824 shares. The stock has a 50-day moving average price of $32.82 and a 200-day moving average price of $31.31. Suncor Energy Inc. has a 12 month low of $27.30 and a 12 month high of $35.16. The stock has a market cap of $57.96 billion, a PE ratio of 26.26 and a beta of 0.83.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 25th. Shareholders of record on Tuesday, September 5th were paid a $0.2552 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.95%. This is a positive change from Suncor Energy ‘s previous quarterly dividend of $0.24. The ex-dividend date was Thursday, August 31st. Suncor Energy ‘s dividend payout ratio (DPR) is 84.43%.
A number of equities research analysts recently commented on the stock. BidaskClub upgraded shares of Suncor Energy from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Zacks Investment Research raised shares of Suncor Energy from a “sell” rating to a “buy” rating and set a $33.00 price objective on the stock in a research report on Tuesday, July 4th. Barclays PLC reaffirmed an “overweight” rating and issued a $52.00 target price (up from $47.00) on shares of Suncor Energy in a research note on Wednesday, July 12th. Citigroup Inc. reaffirmed a “buy” rating on shares of Suncor Energy in a research note on Wednesday, August 2nd. Finally, AltaCorp Capital cut Suncor Energy from an “outperform” rating to a “sector perform” rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $42.86.
Suncor Energy Profile
Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.
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