Lighthouse Investment Partners LLC Takes $952,000 Position in Suncor Energy Inc. (NYSE:SU)

Lighthouse Investment Partners LLC purchased a new stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 25,000 shares of the oil and gas producer’s stock, valued at approximately $952,000.

Other large investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its holdings in Suncor Energy by 5.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,134,149 shares of the oil and gas producer’s stock worth $956,850,000 after buying an additional 1,209,073 shares during the last quarter. Maverick Capital Ltd. lifted its position in shares of Suncor Energy by 246.9% in the second quarter. Maverick Capital Ltd. now owns 29,310 shares of the oil and gas producer’s stock valued at $1,117,000 after acquiring an additional 20,861 shares in the last quarter. Employees Retirement System of Texas lifted its position in shares of Suncor Energy by 72.4% in the second quarter. Employees Retirement System of Texas now owns 17,763 shares of the oil and gas producer’s stock valued at $677,000 after acquiring an additional 7,457 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Suncor Energy by 66.0% in the second quarter. AQR Capital Management LLC now owns 20,605 shares of the oil and gas producer’s stock worth $785,000 after acquiring an additional 8,194 shares during the last quarter. Finally, AXA S.A. increased its position in shares of Suncor Energy by 8.3% during the second quarter. AXA S.A. now owns 35,499 shares of the oil and gas producer’s stock worth $1,353,000 after purchasing an additional 2,734 shares in the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Stock Up 0.8 %

Shares of NYSE:SU opened at $36.80 on Friday. The company has a current ratio of 1.46, a quick ratio of 0.93 and a debt-to-equity ratio of 0.26. The firm has a 50 day simple moving average of $38.76 and a 200-day simple moving average of $38.45. The company has a market capitalization of $46.75 billion, a PE ratio of 8.20, a P/E/G ratio of 2.57 and a beta of 1.13. Suncor Energy Inc. has a twelve month low of $29.45 and a twelve month high of $41.94.

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

Suncor Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were issued a dividend of $0.395 per share. This represents a $1.58 annualized dividend and a dividend yield of 4.29%. The ex-dividend date was Wednesday, September 4th. Suncor Energy’s dividend payout ratio is presently 36.08%.

Analyst Ratings Changes

Several brokerages have issued reports on SU. TD Securities raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. StockNews.com upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Saturday. Wolfe Research began coverage on shares of Suncor Energy in a research note on Thursday, July 18th. They set an “outperform” rating and a $68.00 price objective for the company. BMO Capital Markets raised shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 7th. Finally, Scotiabank dropped their price target on Suncor Energy from $61.00 to $60.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Suncor Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.83.

Suncor Energy 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.