Tiverton Asset Management LLC acquired a new position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 13,789 shares of the oil and gas producer’s stock, valued at approximately $561,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. boosted its holdings in Suncor Energy by 9.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 24,286 shares of the oil and gas producer’s stock worth $988,000 after buying an additional 2,162 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in Suncor Energy by 4.5% during the second quarter. Great West Life Assurance Co. Can now owns 14,071,571 shares of the oil and gas producer’s stock worth $574,449,000 after buying an additional 601,708 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Suncor Energy by 50.8% during the second quarter. PNC Financial Services Group Inc. now owns 848,078 shares of the oil and gas producer’s stock worth $34,500,000 after buying an additional 285,511 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Suncor Energy by 2.6% during the second quarter. Janus Henderson Group PLC now owns 10,407,069 shares of the oil and gas producer’s stock worth $423,328,000 after buying an additional 267,032 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. boosted its holdings in Suncor Energy by 1.2% during the second quarter. Ferguson Wellman Capital Management Inc. now owns 301,749 shares of the oil and gas producer’s stock worth $12,275,000 after buying an additional 3,690 shares during the last quarter. Hedge funds and other institutional investors own 65.57% of the company’s stock.

NYSE:SU opened at $41.80 on Friday. Suncor Energy Inc. has a fifty-two week low of $30.68 and a fifty-two week high of $42.55. The company has a current ratio of 0.90, a quick ratio of 0.56 and a debt-to-equity ratio of 0.30. The stock has a market cap of $67.50 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 1.72 and a beta of 0.79.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings data on Wednesday, July 25th. The oil and gas producer reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.16. Suncor Energy had a return on equity of 9.61% and a net margin of 12.25%. The business had revenue of $8.08 billion for the quarter, compared to analysts’ expectations of $6.53 billion. During the same quarter in the previous year, the business posted $0.26 EPS. equities analysts expect that Suncor Energy Inc. will post 2.45 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 25th. Stockholders of record on Tuesday, September 4th will be issued a dividend of $0.274 per share. This represents a $1.10 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Friday, August 31st. Suncor Energy’s dividend payout ratio (DPR) is presently 73.51%.

SU has been the topic of a number of recent analyst reports. Mizuho initiated coverage on Suncor Energy in a report on Monday, July 23rd. They set a “buy” rating on the stock. Zacks Investment Research cut Suncor Energy from a “buy” rating to a “hold” rating in a report on Tuesday, June 5th. AltaCorp Capital cut Suncor Energy from an “outperform” rating to a “sector perform” rating in a report on Tuesday, June 12th. Finally, Morgan Stanley lifted their price objective on Suncor Energy from $54.00 to $65.00 and gave the company an “overweight” rating in a report on Wednesday, May 23rd. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $49.71.

Suncor Energy Profile

Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.

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Institutional Ownership by Quarter for Suncor Energy (NYSE:SU)

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