118,962 Shares in Suncor Energy Inc. $SU Purchased by Vise Technologies Inc.

Vise Technologies Inc. purchased a new position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 118,962 shares of the oil and gas producer’s stock, valued at approximately $6,386,000.

A number of other hedge funds also recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership grew its holdings in Suncor Energy by 121.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 26,085,360 shares of the oil and gas producer’s stock valued at $1,724,954,000 after purchasing an additional 14,304,131 shares during the period. AQR Capital Management LLC raised its stake in shares of Suncor Energy by 7,636.8% during 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 buying an additional 5,938,719 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Suncor Energy by 238.9% during the 1st 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 buying an additional 5,469,431 shares in the last quarter. Deutsche Bank AG purchased a new position in shares of Suncor Energy during the 2nd quarter valued at approximately $165,381,000. Finally, Alberta Investment Management Corp acquired a new stake in Suncor Energy in the 2nd quarter valued at $163,386,000. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on SU. Weiss Ratings raised shares of Suncor Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 29th. Wall Street Zen downgraded shares of Suncor Energy from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Morgan Stanley set a $106.00 target price on shares of Suncor Energy in a research report on Wednesday. The Goldman Sachs Group cut shares of Suncor Energy from a “buy” rating to a “neutral” rating and set a $72.00 target price for the company. in a research note on Friday, June 5th. Finally, Scotiabank upgraded shares of Suncor Energy to a “strong-buy” rating in a research report 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 given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $80.25.

Suncor Energy Stock Performance

Shares of NYSE:SU opened at $67.95 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.65 and a quick ratio of 1.08. The business’s 50 day moving average price is $60.88 and its 200-day moving average price is $61.56. The firm has a market capitalization of $80.23 billion, a PE ratio of 12.51, a P/E/G ratio of 0.49 and a beta of 0.30. Suncor Energy Inc. has a 1 year low of $37.76 and a 1 year high of $70.29.

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

Suncor Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, September 4th. Suncor Energy’s payout ratio is 32.04%.

Suncor Energy 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.