Signaturefd LLC Has $1.01 Million Stake in Suncor Energy Inc. (NYSE:SU)

Signaturefd LLC increased its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 1.5% during the second quarter, HoldingsChannel.com reports. The fund owned 26,530 shares of the oil and gas producer’s stock after purchasing an additional 402 shares during the period. Signaturefd LLC’s holdings in Suncor Energy were worth $1,011,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SU. Toronto Dominion Bank grew its holdings in Suncor Energy by 59.7% in the 1st quarter. Toronto Dominion Bank now owns 17,606,934 shares of the oil and gas producer’s stock valued at $649,872,000 after buying an additional 6,580,260 shares during the last quarter. TD Asset Management Inc grew its holdings in Suncor Energy by 16.8% in the 4th quarter. TD Asset Management Inc now owns 32,070,496 shares of the oil and gas producer’s stock valued at $1,032,453,000 after buying an additional 4,612,764 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Suncor Energy by 90.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 8,299,876 shares of the oil and gas producer’s stock valued at $316,226,000 after buying an additional 3,951,287 shares during the last quarter. AGF Management Ltd. grew its holdings in Suncor Energy by 454.9% in the 4th quarter. AGF Management Ltd. now owns 3,586,421 shares of the oil and gas producer’s stock valued at $114,909,000 after buying an additional 2,940,103 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in Suncor Energy by 8.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 22,384,816 shares of the oil and gas producer’s stock valued at $717,210,000 after buying an additional 1,725,969 shares during the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Price Performance

Shares of Suncor Energy stock traded down $0.43 during midday trading on Friday, hitting $40.54. 2,311,267 shares of the company were exchanged, compared to its average volume of 4,403,604. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.46 and a quick ratio of 0.93. The firm has a market cap of $51.50 billion, a P/E ratio of 9.03, a PEG ratio of 2.86 and a beta of 1.12. Suncor Energy Inc. has a 52 week low of $29.45 and a 52 week high of $41.94. The firm has a 50 day simple moving average of $39.00 and a 200-day simple moving average of $37.85.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its earnings results on Tuesday, August 6th. The oil and gas producer reported $1.27 EPS for the quarter, topping the consensus estimate of $0.76 by $0.51. The business had revenue of $12.90 billion during the quarter, compared to the consensus estimate of $9.30 billion. Suncor Energy had a return on equity of 16.22% and a net margin of 14.40%. Suncor Energy’s revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the company earned $0.71 EPS. Research analysts forecast that Suncor Energy Inc. will post 3.64 earnings per share for the current year.

Suncor Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be given a dividend of $0.395 per share. The ex-dividend date is Wednesday, September 4th. This represents a $1.58 annualized dividend and a dividend yield of 3.90%. Suncor Energy’s dividend payout ratio (DPR) is presently 35.63%.

Analyst Ratings Changes

SU has been the topic of a number of research analyst reports. Raymond James raised Suncor Energy to a “hold” rating in a report on Tuesday, May 28th. Scotiabank decreased their price objective on Suncor Energy from $61.00 to $60.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th. BMO Capital Markets raised Suncor Energy from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 7th. The Goldman Sachs Group lifted their price objective on Suncor Energy from $38.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Finally, TD Securities raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $54.86.

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.