Duality Advisers LP Has $1.16 Million Stock Holdings in Suncor Energy Inc. (NYSE:SU)

Duality Advisers LP lifted its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 112.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,515 shares of the oil and gas producer’s stock after purchasing an additional 16,680 shares during the period. Duality Advisers LP’s holdings in Suncor Energy were worth $1,163,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Suncor Energy by 10.7% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 29,873 shares of the oil and gas producer’s stock worth $957,000 after buying an additional 2,895 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Suncor Energy by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 50,379,614 shares of the oil and gas producer’s stock worth $1,732,051,000 after buying an additional 731,163 shares during the period. Sanders Capital LLC boosted its holdings in shares of Suncor Energy by 2.8% during the 4th quarter. Sanders Capital LLC now owns 57,318,037 shares of the oil and gas producer’s stock worth $1,836,470,000 after buying an additional 1,568,629 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Suncor Energy by 1,689.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 565,339 shares of the oil and gas producer’s stock worth $18,118,000 after buying an additional 533,754 shares during the period. Finally, Sapient Capital LLC bought a new stake in shares of Suncor Energy during the 4th quarter worth about $1,100,000. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Suncor Energy Price Performance

SU stock traded up $0.04 during trading on Friday, reaching $38.27. 2,027,844 shares of the company were exchanged, compared to its average volume of 4,603,405. The company has a 50-day moving average of $38.65 and a two-hundred day moving average of $36.14. The company has a market capitalization of $49.04 billion, a price-to-earnings ratio of 8.51, a P/E/G ratio of 3.59 and a beta of 1.12. Suncor Energy Inc. has a twelve month low of $28.65 and a twelve month high of $41.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.51 and a quick ratio of 0.97.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings data on Tuesday, May 7th. The oil and gas producer reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.15. The business had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $8.64 billion. Suncor Energy had a net margin of 15.38% and a return on equity of 15.69%. As a group, equities analysts predict that Suncor Energy Inc. will post 3.52 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Tuesday, June 4th were given a $0.395 dividend. This represents a $1.58 annualized dividend and a yield of 4.13%. The ex-dividend date was Tuesday, June 4th. Suncor Energy’s dividend payout ratio (DPR) is currently 35.63%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. The Goldman Sachs Group lifted their target price on shares of Suncor Energy from $38.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. TD Securities boosted their price objective on shares of Suncor Energy from $52.00 to $57.00 and gave the company a “hold” rating in a report on Wednesday, May 22nd. Raymond James raised shares of Suncor Energy to a “hold” rating in a report on Tuesday, May 28th. StockNews.com downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Morgan Stanley upped their price target on shares of Suncor Energy from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.67.

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.