Gulf International Bank UK Ltd Raises Stake in Suncor Energy Inc. (NYSE:SU)

Gulf International Bank UK Ltd boosted its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 8.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,868 shares of the oil and gas producer’s stock after acquiring an additional 955 shares during the period. Gulf International Bank UK Ltd’s holdings in Suncor Energy were worth $475,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Johnson Financial Group Inc. purchased a new position in Suncor Energy in the fourth quarter worth about $25,000. Richardson Financial Services Inc. purchased a new position in Suncor Energy in the fourth quarter worth about $25,000. Benjamin F. Edwards & Company Inc. raised its holdings in Suncor Energy by 43.2% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,038 shares of the oil and gas producer’s stock worth $33,000 after buying an additional 313 shares during the last quarter. Adirondack Trust Co. raised its holdings in Suncor Energy by 45.6% in the fourth quarter. Adirondack Trust Co. now owns 1,000 shares of the oil and gas producer’s stock worth $34,000 after buying an additional 313 shares during the last quarter. Finally, V Square Quantitative Management LLC purchased a new position in Suncor Energy in the fourth quarter worth about $38,000. 67.37% of the stock is owned by hedge funds and other institutional investors.

Suncor Energy Stock Down 1.2 %

SU opened at $36.68 on Monday. The firm’s 50 day simple moving average is $38.77 and its two-hundred day simple moving average is $35.52. The company has a market capitalization of $47.01 billion, a PE ratio of 8.17, a PEG ratio of 3.52 and a beta of 1.11. Suncor Energy Inc. has a 1-year low of $28.07 and a 1-year high of $41.50. The company has a current ratio of 1.51, a quick ratio of 0.97 and a debt-to-equity ratio of 0.25.

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 analysts’ consensus estimates of $0.90 by $0.15. The company had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $8.64 billion. Suncor Energy had a return on equity of 15.69% and a net margin of 15.38%. As a group, equities analysts forecast that Suncor Energy Inc. will post 3.52 EPS for the current year.

Suncor Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Tuesday, June 4th will be given a dividend of $0.395 per share. The ex-dividend date is Tuesday, June 4th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 4.31%. Suncor Energy’s payout ratio is currently 35.19%.

Wall Street Analysts Forecast Growth

SU has been the subject of several recent analyst reports. The Goldman Sachs Group lifted their target price on shares of Suncor Energy from $38.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Morgan Stanley lifted their price target on shares of Suncor Energy from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Raymond James upgraded shares of Suncor Energy to a “hold” rating in a research note on Tuesday, May 28th. TD Securities lifted their price target on shares of Suncor Energy from $52.00 to $57.00 and gave the stock a “hold” rating in a research note on Wednesday, May 22nd. Finally, StockNews.com lowered shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, June 12th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $51.67.

Suncor Energy Company 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.