Sapient Capital LLC Invests $237,000 in Suncor Energy Inc. (NYSE:SU)

Sapient Capital LLC acquired a new position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 7,390 shares of the oil and gas producer’s stock, valued at approximately $237,000.

Several other large investors have also recently added to or reduced their stakes in the business. Invesco Ltd. increased its position in shares of Suncor Energy by 35.0% during the 3rd quarter. Invesco Ltd. now owns 16,466,624 shares of the oil and gas producer’s stock valued at $566,123,000 after purchasing an additional 4,271,009 shares during the period. Alberta Investment Management Corp grew its holdings in Suncor Energy by 113.8% during the third quarter. Alberta Investment Management Corp now owns 7,630,881 shares of the oil and gas producer’s stock worth $263,614,000 after acquiring an additional 4,062,019 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its position in Suncor Energy by 307.1% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,338,858 shares of the oil and gas producer’s stock worth $114,869,000 after acquiring an additional 2,518,758 shares in the last quarter. Ninepoint Partners LP acquired a new stake in Suncor Energy in the 3rd quarter valued at about $77,355,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Suncor Energy by 51.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,083,473 shares of the oil and gas producer’s stock valued at $209,198,000 after purchasing an additional 2,060,129 shares in the last quarter. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Suncor Energy Trading Up 0.2 %

Suncor Energy stock opened at $38.94 on Wednesday. The company’s fifty day simple moving average is $37.15 and its 200-day simple moving average is $34.12. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.26. Suncor Energy Inc. has a 12 month low of $27.59 and a 12 month high of $39.73. The stock has a market cap of $50.13 billion, a P/E ratio of 8.29, a P/E/G ratio of 3.38 and a beta of 1.11.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings results on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.13. Suncor Energy had a return on equity of 16.08% and a net margin of 16.33%. The business had revenue of $10.39 billion during the quarter, compared to analyst estimates of $8.46 billion. During the same period in the previous year, the company earned $1.33 EPS. As a group, sell-side analysts forecast that Suncor Energy Inc. will post 3.77 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 4th were issued a dividend of $0.406 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.62 dividend on an annualized basis and a dividend yield of 4.17%. This is an increase from Suncor Energy’s previous quarterly dividend of $0.39. Suncor Energy’s dividend payout ratio (DPR) is currently 34.26%.

Analysts Set New Price Targets

SU has been the topic of several recent analyst reports. Morgan Stanley boosted their target price on shares of Suncor Energy from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $52.00.

About Suncor Energy

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.