State of Wyoming Buys 12,752 Shares of Suncor Energy Inc. $SU

State of Wyoming boosted its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 133.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,328 shares of the oil and gas producer’s stock after purchasing 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 filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in SU. Fisher Asset Management LLC boosted its stake in Suncor Energy by 85.5% in the 3rd quarter. Fisher Asset Management LLC now owns 15,530,965 shares of the oil and gas producer’s stock worth $649,350,000 after purchasing an additional 7,158,953 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Suncor Energy by 62.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 13,335,239 shares of the oil and gas producer’s stock worth $557,682,000 after purchasing an additional 5,113,280 shares during the period. Alyeska Investment Group L.P. boosted its stake in Suncor Energy by 334.8% in the 3rd quarter. Alyeska Investment Group L.P. now owns 2,590,863 shares of the oil and gas producer’s stock worth $108,324,000 after purchasing an additional 1,995,007 shares during the period. Bank of Nova Scotia boosted its stake in Suncor Energy by 63.5% in the 3rd quarter. Bank of Nova Scotia now owns 5,028,399 shares of the oil and gas producer’s stock worth $210,474,000 after purchasing an additional 1,952,444 shares during the period. Finally, Lazard Asset Management LLC boosted its stake in Suncor Energy by 173.2% in the 3rd quarter. Lazard Asset Management LLC now owns 3,036,031 shares of the oil and gas producer’s stock worth $126,994,000 after purchasing an additional 1,924,923 shares during the period. Institutional investors own 67.37% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Wall Street Zen upgraded Suncor Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Weiss Ratings raised Suncor Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. The Goldman Sachs Group raised their price target on Suncor Energy from $66.00 to $73.00 and gave the company a “buy” rating in a report on Wednesday, April 1st. ATB Cormark Capital Markets raised Suncor Energy from a “hold” rating to a “moderate buy” rating in a report on Wednesday, April 1st. Finally, Zacks Research cut Suncor Energy from a “strong-buy” rating to a “hold” rating in a report on Monday. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $72.00.

Suncor Energy Stock Performance

NYSE:SU opened at $65.57 on Thursday. The business’s 50-day moving average price is $65.33 and its two-hundred day moving average price is $55.57. Suncor Energy Inc. has a twelve month low of $35.93 and a twelve month high of $70.29. The stock has a market cap of $77.42 billion, a P/E ratio of 17.21 and a beta of 0.27. The company has a quick ratio of 0.92, a current ratio of 1.42 and a debt-to-equity ratio of 0.20.

Suncor Energy (NYSE:SU) (TSE:SU) last released 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). Suncor Energy had a net margin of 12.29% and a return on equity of 13.96%. The business had revenue of $10.41 billion during the quarter, compared to analysts’ expectations of $9.22 billion. During the same period in the previous year, the business earned $1.31 EPS. As a group, equities analysts predict that Suncor Energy Inc. will post 7.07 EPS for the current fiscal year.

Suncor Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Thursday, June 4th. Suncor Energy’s dividend payout ratio (DPR) is currently 46.19%.

Suncor Energy Company Profile

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.