46,575 Shares in Suncor Energy Inc. $SU Purchased by Heartland Advisors Inc.

Heartland Advisors Inc. purchased a new position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 46,575 shares of the oil and gas producer’s stock, valued at approximately $2,500,000.

Other institutional investors have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its holdings in shares of Suncor Energy by 121.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 26,085,360 shares of the oil and gas producer’s stock worth $1,724,954,000 after buying an additional 14,304,131 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Suncor Energy by 7,636.8% in the 4th quarter. AQR Capital Management LLC now owns 6,016,483 shares of the oil and gas producer’s stock worth $267,042,000 after acquiring an additional 5,938,719 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its position in Suncor Energy by 238.9% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,758,650 shares of the oil and gas producer’s stock valued at $512,987,000 after acquiring an additional 5,469,431 shares in the last quarter. Deutsche Bank AG purchased a new stake in shares of Suncor Energy during the second quarter valued at approximately $165,381,000. Finally, Alberta Investment Management Corp acquired a new position in shares of Suncor Energy during the second quarter worth $163,386,000. 67.37% of the stock is currently owned by hedge funds and other institutional investors.

Suncor Energy Stock Performance

Shares of Suncor Energy stock opened at $68.46 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.08 and a current ratio of 1.65. Suncor Energy Inc. has a 1 year low of $37.76 and a 1 year high of $70.29. The firm’s 50-day simple moving average is $61.02 and its 200-day simple moving average is $61.61. The firm has a market cap of $80.83 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 0.49 and a beta of 0.30.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings results on Tuesday, August 4th. The oil and gas producer reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.19. The business had revenue of $13.41 billion during the quarter, compared to the consensus estimate of $11.68 billion. Suncor Energy had a return on equity of 20.05% and a net margin of 15.62%.During the same period last year, the firm earned $0.71 earnings per share. Equities analysts forecast that Suncor Energy Inc. will post 7.39 earnings per share for the current fiscal year.

Suncor Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be given a $0.60 dividend. The ex-dividend date is Friday, September 4th. This represents a $2.40 annualized dividend and a dividend yield of 3.5%. Suncor Energy’s dividend payout ratio (DPR) is presently 32.04%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SU shares. Weiss Ratings upgraded shares of Suncor Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 29th. Zacks Research lowered shares of Suncor Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Desjardins raised shares of Suncor Energy to a “moderate buy” rating in a research report on Thursday, July 16th. Scotiabank raised Suncor Energy to a “strong-buy” rating in a research report on Friday, June 26th. Finally, Wall Street Zen downgraded Suncor Energy from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Suncor Energy has an average rating of “Moderate Buy” and an average price target of $80.25.

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.