Caxton Associates LP Buys New Holdings in Suncor Energy Inc. (NYSE:SU)

Caxton Associates LP acquired a new stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 119,766 shares of the oil and gas producer’s stock, valued at approximately $4,563,000.

Several other institutional investors have also modified their holdings of SU. Sanders Capital LLC raised its holdings in Suncor Energy by 2.8% during the fourth quarter. Sanders Capital LLC now owns 57,318,037 shares of the oil and gas producer’s stock worth $1,836,470,000 after purchasing an additional 1,568,629 shares in the last quarter. Vanguard Group Inc. boosted its stake in Suncor Energy by 1.4% in the first quarter. Vanguard Group Inc. now owns 51,226,454 shares of the oil and gas producer’s stock valued at $1,890,768,000 after acquiring an additional 691,497 shares in the last quarter. TD Asset Management Inc increased its position in shares of Suncor Energy by 16.8% during the fourth quarter. TD Asset Management Inc now owns 32,070,496 shares of the oil and gas producer’s stock worth $1,032,453,000 after purchasing an additional 4,612,764 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Suncor Energy by 1.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 23,048,048 shares of the oil and gas producer’s stock valued at $878,131,000 after purchasing an additional 366,432 shares during the last quarter. Finally, 1832 Asset Management L.P. grew its stake in Suncor Energy by 4.1% during the 1st quarter. 1832 Asset Management L.P. now owns 22,157,546 shares of the oil and gas producer’s stock worth $817,835,000 after buying an additional 868,475 shares during the last quarter. 67.37% of the stock is owned by hedge funds and other institutional investors.

Suncor Energy Price Performance

Suncor Energy stock opened at $38.19 on Wednesday. The company has a market cap of $48.52 billion, a P/E ratio of 8.51, a price-to-earnings-growth ratio of 2.55 and a beta of 1.13. Suncor Energy Inc. has a one year low of $29.45 and a one year high of $41.94. The business has a fifty day moving average of $38.87 and a two-hundred day moving average of $38.43. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.93 and a current ratio of 1.46.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings data on Tuesday, August 6th. The oil and gas producer reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.51. Suncor Energy had a net margin of 14.40% and a return on equity of 16.22%. The firm had revenue of $12.90 billion for the quarter, compared to the consensus estimate of $9.30 billion. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The firm’s revenue was up 10.1% on a year-over-year basis. As a group, analysts predict that Suncor Energy Inc. will post 3.71 earnings per share for the current fiscal year.

Suncor Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th will be issued a $0.395 dividend. This represents a $1.58 annualized dividend and a yield of 4.14%. The ex-dividend date of this dividend is Wednesday, September 4th. Suncor Energy’s dividend payout ratio (DPR) is 36.08%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. StockNews.com downgraded Suncor Energy from a “buy” rating to a “hold” rating in a report on Friday, September 20th. Scotiabank dropped their price objective on shares of Suncor Energy from $61.00 to $60.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th. Raymond James upgraded Suncor Energy to a “hold” rating in a research report on Tuesday, May 28th. Wolfe Research initiated coverage on Suncor Energy in a research note on Thursday, July 18th. They set an “outperform” rating and a $68.00 price target for the company. Finally, TD Securities raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $55.83.

About Suncor Energy

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.