MUFG Securities EMEA plc Acquires New Shares in Suncor Energy Inc. $SU

MUFG Securities EMEA plc acquired a new stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 450,000 shares of the oil and gas producer’s stock, valued at approximately $19,978,000.

Other large investors have also bought and sold shares of the company. Atlantic Edge Private Wealth Management LLC boosted its stake in Suncor Energy by 54.9% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 635 shares of the oil and gas producer’s stock valued at $28,000 after buying an additional 225 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Suncor Energy by 95.8% in the third quarter. Smartleaf Asset Management LLC now owns 793 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 388 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Suncor Energy in the second quarter valued at about $31,000. Accent Capital Management LLC boosted its stake in Suncor Energy by 37.5% in the fourth quarter. Accent Capital Management LLC now owns 825 shares of the oil and gas producer’s stock valued at $37,000 after buying an additional 225 shares in the last quarter. Finally, Maseco LLP bought a new position in Suncor Energy in the fourth quarter valued at about $39,000. 67.37% of the stock is owned by institutional investors and hedge funds.

Suncor Energy Price Performance

Suncor Energy stock opened at $62.34 on Friday. The company has a current ratio of 1.42, a quick ratio of 0.92 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $73.60 billion, a PE ratio of 16.36 and a beta of 0.31. Suncor Energy Inc. has a 12 month low of $35.29 and a 12 month high of $70.29. The stock has a 50-day moving average price of $65.25 and a two-hundred day moving average price of $55.04.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings data on Tuesday, May 5th. The oil and gas producer reported $1.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.04). Suncor Energy had a return on equity of 13.96% and a net margin of 12.29%.The company had revenue of $10.41 billion for the quarter, compared to the consensus estimate of $9.22 billion. During the same quarter last year, the business earned $1.31 earnings per share. Analysts expect that Suncor Energy Inc. will post 7.07 EPS for the current year.

Suncor Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Thursday, June 4th. Suncor Energy’s dividend payout ratio (DPR) is 46.19%.

Analyst Upgrades and Downgrades

SU has been the subject of several research reports. Wall Street Zen upgraded Suncor Energy from a “buy” rating to a “strong-buy” rating in a research report on Saturday. ATB Cormark Capital Markets upgraded Suncor Energy from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, April 1st. The Goldman Sachs Group increased their target price on Suncor Energy from $66.00 to $73.00 and gave the company a “buy” rating in a research report on Wednesday, April 1st. Royal Bank Of Canada increased their target price on Suncor Energy from $75.00 to $89.00 and gave the company an “outperform” rating in a research report on Wednesday, April 1st. Finally, Zacks Research upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Suncor Energy has a consensus rating of “Buy” and an average target price of $72.00.

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.