State of Wyoming Grows Position in Suncor Energy Inc. $SU

State of Wyoming boosted its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 133.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,328 shares of the oil and gas producer’s stock after buying an additional 12,752 shares during the quarter. State of Wyoming’s holdings in Suncor Energy were worth $992,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of SU. Atlantic Edge Private Wealth Management LLC increased its position in shares of Suncor Energy by 54.9% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 635 shares of the oil and gas producer’s stock valued at $28,000 after purchasing an additional 225 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Suncor Energy by 95.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 793 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 388 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Suncor Energy during the 2nd quarter valued at $31,000. Accent Capital Management LLC increased its position in shares of Suncor Energy by 37.5% during the 4th quarter. Accent Capital Management LLC now owns 825 shares of the oil and gas producer’s stock valued at $37,000 after purchasing an additional 225 shares during the last quarter. Finally, Maseco LLP purchased a new stake in shares of Suncor Energy during the 4th quarter valued at $39,000. 67.37% of the stock is owned by hedge funds and other institutional investors.

Suncor Energy Stock Up 0.4%

SU stock opened at $65.57 on Thursday. 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 company has a market capitalization of $77.42 billion, a price-to-earnings ratio of 17.21 and a beta of 0.27. Suncor Energy Inc. has a fifty-two week low of $35.93 and a fifty-two week high of $70.29. The stock has a fifty day moving average of $65.33 and a 200-day moving average of $55.57.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly 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 for the quarter, compared to the consensus estimate of $9.22 billion. Suncor Energy had a return on equity of 13.96% and a net margin of 12.29%.During the same quarter in the previous year, the company posted $1.31 EPS. As a group, equities research analysts predict that Suncor Energy Inc. will post 7.07 earnings per share for the current year.

Suncor Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be paid a dividend of $0.60 per share. The ex-dividend date is Thursday, June 4th. This represents a $2.40 annualized dividend and a dividend yield of 3.7%. Suncor Energy’s dividend payout ratio is presently 46.19%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Royal Bank Of Canada raised their target price on Suncor Energy from $75.00 to $89.00 and gave the company an “outperform” rating in a research report on Wednesday, April 1st. Weiss Ratings raised Suncor Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. Zacks Research lowered Suncor Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday. The Goldman Sachs Group raised their target price on Suncor Energy from $66.00 to $73.00 and gave the company a “buy” rating in a research report on Wednesday, April 1st. Finally, Wall Street Zen raised Suncor Energy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $72.00.

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.