Suncor Energy Inc. $SU Shares Sold by Sustainable Insight Capital Management LLC

Sustainable Insight Capital Management LLC reduced its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 48.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,916 shares of the oil and gas producer’s stock after selling 8,484 shares during the quarter. Sustainable Insight Capital Management LLC’s holdings in Suncor Energy were worth $590,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in SU. Healthcare of Ontario Pension Plan Trust Fund increased its position in Suncor Energy by 238.9% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,758,650 shares of the oil and gas producer’s stock worth $512,987,000 after purchasing an additional 5,469,431 shares in the last quarter. Gabelli Funds LLC raised its stake in Suncor Energy by 2.4% in the 1st quarter. Gabelli Funds LLC now owns 129,900 shares of the oil and gas producer’s stock valued at $8,588,000 after purchasing an additional 3,000 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in Suncor Energy by 6.3% in the 1st quarter. Public Employees Retirement System of Ohio now owns 846,111 shares of the oil and gas producer’s stock valued at $55,802,000 after purchasing an additional 50,502 shares during the last quarter. Compound Planning Inc. lifted its holdings in Suncor Energy by 8.8% in the 1st quarter. Compound Planning Inc. now owns 17,626 shares of the oil and gas producer’s stock valued at $1,165,000 after purchasing an additional 1,426 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Suncor Energy by 121.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 26,085,360 shares of the oil and gas producer’s stock valued at $1,724,954,000 after purchasing an additional 14,304,131 shares in the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

Wall Street Analyst Weigh In

SU has been the subject of a number of recent research reports. Weiss Ratings downgraded shares of Suncor Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. Wall Street Zen raised shares of Suncor Energy from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 12th. Desjardins upgraded shares of Suncor Energy to a “moderate buy” rating in a research report on Thursday, July 16th. Scotiabank upgraded shares of Suncor Energy to a “strong-buy” rating in a research report on Friday, June 26th. Finally, ATB Cormark Capital Markets raised shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, April 1st. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $71.67.

Suncor Energy Stock Performance

NYSE SU opened at $65.84 on Friday. The business’s 50-day moving average price is $60.91 and its 200 day moving average price is $59.38. Suncor Energy Inc. has a twelve month low of $37.76 and a twelve month high of $70.29. The company has a market capitalization of $77.74 billion, a PE ratio of 17.28, a price-to-earnings-growth ratio of 0.50 and a beta of 0.30. The company has a current ratio of 1.42, a quick ratio of 0.92 and a debt-to-equity ratio of 0.20.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings results on Tuesday, May 5th. The oil and gas producer reported $1.41 EPS for the quarter, missing the consensus estimate of $1.45 by ($0.04). The business had revenue of $10.41 billion during the quarter, compared to analysts’ expectations of $9.22 billion. Suncor Energy had a net margin of 12.29% and a return on equity of 13.96%. During the same quarter last year, the firm earned $1.31 EPS. On average, research analysts predict that Suncor Energy Inc. will post 7.11 earnings per share for the current year.

Suncor Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 4th were given a $0.60 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $2.40 annualized dividend and a dividend yield of 3.6%. Suncor Energy’s dividend payout ratio (DPR) is currently 45.67%.

About Suncor Energy

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.