237,305 Shares in Suncor Energy Inc. $SU Purchased by Quantbot Technologies LP

Quantbot Technologies LP purchased a new stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 237,305 shares of the oil and gas producer’s stock, valued at approximately $12,739,000. Suncor Energy accounts for approximately 0.5% of Quantbot Technologies LP’s portfolio, making the stock its 15th largest position.

Several other hedge funds have also bought and sold shares of the business. Versant Capital Management Inc increased its stake in shares of Suncor Energy by 418.9% during the second quarter. Versant Capital Management Inc now owns 493 shares of the oil and gas producer’s stock valued at $26,000 after purchasing an additional 398 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Suncor Energy in the 2nd quarter worth approximately $31,000. 1 North Wealth Services LLC purchased a new stake in shares of Suncor Energy in the 4th quarter worth approximately $32,000. Accent Capital Management LLC grew its stake in shares of Suncor Energy by 37.5% in the 4th quarter. Accent Capital Management LLC now owns 825 shares of the oil and gas producer’s stock worth $37,000 after buying an additional 225 shares during the last quarter. Finally, Summit Securities Group LLC bought a new position in Suncor Energy during the 4th quarter valued at approximately $44,000. Institutional investors own 67.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SU. Desjardins upgraded Suncor Energy to a “moderate buy” rating in a research note on Thursday, July 16th. Weiss Ratings raised Suncor Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 29th. The Goldman Sachs Group downgraded Suncor Energy from a “buy” rating to a “neutral” rating and set a $72.00 price target for the company. in a report on Friday, June 5th. Zacks Research lowered Suncor Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Finally, Morgan Stanley set a $106.00 price target on shares of Suncor Energy in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.25.

Suncor Energy Price Performance

SU 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. The stock has a market capitalization of $80.83 billion, a P/E ratio of 12.61, a P/E/G ratio of 0.49 and a beta of 0.30. The company’s 50-day simple moving average is $61.02 and its two-hundred day simple moving average is $61.61. Suncor Energy Inc. has a 52-week low of $37.76 and a 52-week high of $70.29.

Suncor Energy (NYSE:SU) (TSE:SU) last announced 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. Suncor Energy had a net margin of 15.62% and a return on equity of 20.05%. The firm had revenue of $13.41 billion during the quarter, compared to analyst estimates of $11.68 billion. During the same period in the previous year, the business posted $0.71 earnings per share. As a group, analysts predict that Suncor Energy Inc. will post 7.39 EPS for the current year.

Suncor Energy Announces Dividend

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

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.