Osmosis Investment Management UK Ltd Buys Shares of 21,675 Suncor Energy Inc. $SU

Osmosis Investment Management UK Ltd purchased a new position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 21,675 shares of the oil and gas producer’s stock, valued at approximately $1,166,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Versant Capital Management Inc grew its position in shares of Suncor Energy by 418.9% during the 2nd quarter. Versant Capital Management Inc now owns 493 shares of the oil and gas producer’s stock valued at $26,000 after acquiring an additional 398 shares during the period. 1 North Wealth Services LLC bought a new position in Suncor Energy in the 4th quarter worth $32,000. Cassaday & Co Wealth Management LLC purchased a new position in Suncor Energy during the first quarter valued at $53,000. Headlands Technologies LLC purchased a new position in Suncor Energy during the second quarter valued at $31,000. Finally, Accent Capital Management LLC grew its holdings in Suncor Energy by 37.5% during the fourth 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 period. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Suncor Energy Stock Performance

SU opened at $67.35 on Tuesday. 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 $79.53 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 0.49 and a beta of 0.29. The company has a fifty day moving average of $61.17 and a 200 day moving average of $61.77. Suncor Energy Inc. has a fifty-two week low of $37.76 and a fifty-two week high of $70.29.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings data on Tuesday, August 4th. The oil and gas producer reported $2.33 EPS for the quarter, beating the consensus estimate of $2.14 by $0.19. Suncor Energy had a net margin of 15.62% and a return on equity of 20.05%. The business had revenue of $13.41 billion during the quarter, compared to the consensus estimate of $11.68 billion. During the same quarter in the prior year, the firm earned $0.71 EPS. As a group, sell-side 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 disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.40 dividend on an annualized basis and a yield of 3.6%. Suncor Energy’s payout ratio is presently 32.04%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SU shares. Desjardins upgraded Suncor Energy to a “moderate buy” rating in a research report on Thursday, July 16th. Weiss Ratings upgraded 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. Morgan Stanley set a $106.00 target price on shares of Suncor Energy in a report on Wednesday, August 19th. Finally, Scotiabank upgraded shares of Suncor Energy to a “strong-buy” rating in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $80.25.

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.