ExodusPoint Capital Management LP Buys 258,033 Shares of Suncor Energy Inc. (NYSE:SU)

ExodusPoint Capital Management LP lifted its stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 1,037.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 282,900 shares of the oil and gas producer's stock after acquiring an additional 258,033 shares during the period. ExodusPoint Capital Management LP's holdings in Suncor Energy were worth $10,094,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SU. World Investment Advisors boosted its position in shares of Suncor Energy by 55.4% during the 4th quarter. World Investment Advisors now owns 24,310 shares of the oil and gas producer's stock worth $867,000 after purchasing an additional 8,669 shares in the last quarter. Huntington National Bank raised its position in shares of Suncor Energy by 2.5% during the fourth quarter. Huntington National Bank now owns 21,717 shares of the oil and gas producer's stock worth $775,000 after purchasing an additional 529 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Suncor Energy by 0.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 23,308,055 shares of the oil and gas producer's stock worth $831,631,000 after purchasing an additional 209,447 shares in the last quarter. Geode Capital Management LLC increased its stake in Suncor Energy by 29.5% during the 4th quarter. Geode Capital Management LLC now owns 7,629,169 shares of the oil and gas producer's stock valued at $278,537,000 after purchasing an additional 1,737,573 shares in the last quarter. Finally, HighPoint Advisor Group LLC bought a new position in shares of Suncor Energy in the fourth quarter valued at $197,000. 67.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on SU. Royal Bank of Canada restated an "outperform" rating and issued a $66.00 target price on shares of Suncor Energy in a report on Tuesday, January 7th. StockNews.com upgraded Suncor Energy from a "hold" rating to a "buy" rating in a report on Wednesday. Tudor, Pickering, Holt & Co. upgraded Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Tudor Pickering upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Finally, Cibc World Mkts upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $59.20.

Suncor Energy Stock Performance

Shares of SU stock traded down $2.08 during trading hours on Thursday, hitting $32.13. 1,981,629 shares of the company were exchanged, compared to its average volume of 4,469,610. Suncor Energy Inc. has a 52-week low of $30.79 and a 52-week high of $41.95. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The firm has a fifty day simple moving average of $37.40 and a 200 day simple moving average of $38.04. The stock has a market capitalization of $39.75 billion, a price-to-earnings ratio of 9.34, a P/E/G ratio of 2.94 and a beta of 0.79.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.07. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. Research analysts predict that Suncor Energy Inc. will post 3.42 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, March 25th. Stockholders of record on Tuesday, March 4th were given a $0.399 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.97%. The ex-dividend date of this dividend was Tuesday, March 4th. Suncor Energy's dividend payout ratio (DPR) is currently 45.51%.

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.