Squarepoint Ops LLC Buys 101,721 Shares of Suncor Energy Inc. $SU

Squarepoint Ops LLC increased its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 452.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 124,216 shares of the oil and gas producer’s stock after buying an additional 101,721 shares during the period. Squarepoint Ops LLC’s holdings in Suncor Energy were worth $4,652,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Acadian Asset Management LLC lifted its position in Suncor Energy by 12,290.9% during the first quarter. Acadian Asset Management LLC now owns 12,418,784 shares of the oil and gas producer’s stock worth $480,760,000 after acquiring an additional 12,318,559 shares during the last quarter. Artisan Partners Limited Partnership increased its stake in shares of Suncor Energy by 38.5% during the second quarter. Artisan Partners Limited Partnership now owns 33,722,975 shares of the oil and gas producer’s stock worth $1,264,043,000 after purchasing an additional 9,378,552 shares during the period. Fisher Asset Management LLC increased its stake in shares of Suncor Energy by 49.6% during the second quarter. Fisher Asset Management LLC now owns 8,372,012 shares of the oil and gas producer’s stock worth $313,532,000 after purchasing an additional 2,777,150 shares during the period. Canada Pension Plan Investment Board lifted its holdings in Suncor Energy by 29.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 10,555,381 shares of the oil and gas producer’s stock worth $395,649,000 after purchasing an additional 2,406,000 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new stake in Suncor Energy in the 2nd quarter valued at $74,767,000. 67.37% of the stock is owned by institutional investors.

Suncor Energy Trading Down 1.7%

SU opened at $43.62 on Tuesday. The stock has a market capitalization of $52.42 billion, a price-to-earnings ratio of 14.30 and a beta of 0.46. The company has a quick ratio of 0.85, a current ratio of 1.35 and a debt-to-equity ratio of 0.19. Suncor Energy Inc. has a twelve month low of $30.79 and a twelve month high of $45.60. The company has a 50-day simple moving average of $42.18 and a 200 day simple moving average of $40.59.

Suncor Energy (NYSE:SU) (TSE:SU) last released its earnings results on Tuesday, November 4th. The oil and gas producer reported $1.07 EPS for the quarter, beating the consensus estimate of $0.85 by $0.22. The firm had revenue of $9.04 billion for the quarter, compared to analyst estimates of $8.82 billion. Suncor Energy had a net margin of 10.61% and a return on equity of 13.01%. During the same period last year, the firm earned $1.48 EPS. Analysts predict that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 3rd will be given a dividend of $0.60 per share. This is an increase from Suncor Energy’s previous quarterly dividend of $0.41. This represents a $2.40 annualized dividend and a yield of 5.5%. The ex-dividend date is Wednesday, December 3rd. Suncor Energy’s dividend payout ratio (DPR) is presently 56.39%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SU shares. Wells Fargo & Company started coverage on Suncor Energy in a research report on Friday, October 17th. They set an “equal weight” rating on the stock. Zacks Research downgraded shares of Suncor Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $65.00 price target on shares of Suncor Energy in a research report on Friday, October 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Suncor Energy in a research note on Monday, December 8th. Finally, Raymond James Financial upgraded shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Suncor Energy has an average rating of “Moderate Buy” and a consensus target price of $65.00.

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.