V Square Quantitative Management LLC Purchases Shares of 1,200 Suncor Energy Inc. (NYSE:SU)

V Square Quantitative Management LLC purchased a new stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the 4th quarter, Holdings Channel.com reports. The fund purchased 1,200 shares of the oil and gas producer’s stock, valued at approximately $38,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Johnson Financial Group Inc. bought a new stake in shares of Suncor Energy in the 4th quarter worth about $25,000. Optiver Holding B.V. bought a new stake in Suncor Energy during the 3rd quarter worth about $29,000. Benjamin F. Edwards & Company Inc. grew its holdings in Suncor Energy by 43.2% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,038 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 313 shares during the last quarter. Headinvest LLC bought a new stake in Suncor Energy during the 3rd quarter worth about $40,000. Finally, Bruce G. Allen Investments LLC bought a new stake in Suncor Energy during the 4th quarter worth about $46,000. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Stock Performance

Shares of NYSE:SU opened at $37.01 on Wednesday. The company has a market capitalization of $47.59 billion, a price-to-earnings ratio of 8.24, a P/E/G ratio of 3.62 and a beta of 1.11. The firm’s 50 day simple moving average is $38.86 and its 200 day simple moving average is $35.41. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.51 and a quick ratio of 0.97. Suncor Energy Inc. has a fifty-two week low of $28.07 and a fifty-two week high of $41.50.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its earnings results on Tuesday, May 7th. The oil and gas producer reported $1.05 EPS for the quarter, topping the consensus estimate of $0.90 by $0.15. The firm had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $8.64 billion. Suncor Energy had a net margin of 15.38% and a return on equity of 15.69%. As a group, sell-side analysts forecast that Suncor Energy Inc. will post 3.37 earnings per share for the current year.

Suncor Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Tuesday, June 4th will be issued a dividend of $0.395 per share. The ex-dividend date is Tuesday, June 4th. This represents a $1.58 annualized dividend and a yield of 4.27%. Suncor Energy’s dividend payout ratio (DPR) is currently 35.19%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SU shares. StockNews.com downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, June 12th. Morgan Stanley upped their target price on shares of Suncor Energy from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. The Goldman Sachs Group upped their target price on shares of Suncor Energy from $38.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. TD Securities upped their target price on shares of Suncor Energy from $52.00 to $57.00 and gave the company a “hold” rating in a research report on Wednesday, May 22nd. Finally, Raymond James upgraded shares of Suncor Energy to a “hold” rating in a research report on Tuesday, May 28th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.67.

Suncor Energy Profile

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.