Polar Capital LLP Has $67.97 Million Stake in Suncor Energy Inc. (SU)

Polar Capital LLP lessened its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 21.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,998,048 shares of the oil and gas producer’s stock after selling 541,874 shares during the quarter. Polar Capital LLP owned approximately 0.13% of Suncor Energy worth $67,965,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SU. First Manhattan Co. lifted its stake in Suncor Energy by 64.8% in the fourth quarter. First Manhattan Co. now owns 37,782 shares of the oil and gas producer’s stock worth $1,056,000 after acquiring an additional 14,856 shares during the period. Captrust Financial Advisors increased its holdings in shares of Suncor Energy by 184.4% during the third quarter. Captrust Financial Advisors now owns 17,626 shares of the oil and gas producer’s stock valued at $682,000 after acquiring an additional 11,429 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Suncor Energy during the third quarter valued at $1,576,000. Morgan Stanley increased its holdings in shares of Suncor Energy by 23.1% during the third quarter. Morgan Stanley now owns 3,400,893 shares of the oil and gas producer’s stock valued at $131,579,000 after acquiring an additional 637,520 shares in the last quarter. Finally, Legacy Bridge LLC bought a new position in shares of Suncor Energy during the fourth quarter valued at $27,000. 66.63% of the stock is owned by hedge funds and other institutional investors.

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Several equities analysts have recently weighed in on SU shares. Zacks Investment Research restated a “hold” rating on shares of Suncor Energy in a report on Friday, November 16th. Canaccord Genuity set a $65.00 price target on Suncor Energy and gave the company a “buy” rating in a report on Tuesday, November 20th. Mizuho restated an “average” rating and set a $52.00 price target on shares of Suncor Energy in a report on Monday, December 3rd. Macquarie downgraded Suncor Energy from an “outperform” rating to a “neutral” rating and set a $46.00 price target for the company. in a report on Tuesday, December 4th. Finally, GMP Securities downgraded Suncor Energy from a “buy” rating to a “hold” rating in a report on Thursday, December 13th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $49.12.

NYSE SU opened at $33.46 on Wednesday. Suncor Energy Inc. has a one year low of $25.81 and a one year high of $42.55. The stock has a market capitalization of $53.03 billion, a P/E ratio of 16.73, a price-to-earnings-growth ratio of 2.04 and a beta of 1.14. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 0.32.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings data on Tuesday, February 5th. The oil and gas producer reported $0.27 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.11). Suncor Energy had a return on equity of 9.50% and a net margin of 8.48%. The business had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $8.13 billion. On average, sell-side analysts expect that Suncor Energy Inc. will post 1.83 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 25th. Investors of record on Monday, March 4th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.83%. This is an increase from Suncor Energy’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, March 1st. Suncor Energy’s dividend payout ratio (DPR) is presently 54.00%.

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Suncor Energy Profile

Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.

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