Lyrical Asset Management LP Purchases 40,133 Shares of Suncor Energy Inc. (NYSE:SU)

Lyrical Asset Management LP lifted its holdings in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 0.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,328,038 shares of the oil and gas producer's stock after purchasing an additional 40,133 shares during the quarter. Suncor Energy accounts for 2.8% of Lyrical Asset Management LP's holdings, making the stock its 16th largest position. Lyrical Asset Management LP owned 0.43% of Suncor Energy worth $190,104,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. boosted its stake in shares of Suncor Energy by 1,324.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,469,008 shares of the oil and gas producer's stock valued at $123,774,000 after purchasing an additional 3,225,543 shares in the last quarter. Principal Financial Group Inc. boosted its position in Suncor Energy by 39.9% in the fourth quarter. Principal Financial Group Inc. now owns 9,706,616 shares of the oil and gas producer's stock valued at $346,298,000 after buying an additional 2,767,043 shares in the last quarter. Jupiter Asset Management Ltd. grew its stake in shares of Suncor Energy by 2,061.8% during the fourth quarter. Jupiter Asset Management Ltd. now owns 2,438,291 shares of the oil and gas producer's stock worth $86,990,000 after buying an additional 2,325,503 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of Suncor Energy by 97.4% during the fourth quarter. Fisher Asset Management LLC now owns 3,734,572 shares of the oil and gas producer's stock worth $133,250,000 after buying an additional 1,842,791 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Suncor Energy by 29.5% in 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 acquiring an additional 1,737,573 shares during the last quarter. 67.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SU has been the subject of a number of recent research reports. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $66.00 target price on shares of Suncor Energy in a report on Tuesday, January 7th. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Bank of America started coverage on shares of Suncor Energy in a report on Wednesday, February 26th. They set a "neutral" rating on the stock. Morgan Stanley cut shares of Suncor Energy from an "overweight" rating to an "equal weight" rating in a research report on Monday, December 16th. Finally, Scotiabank upgraded shares of Suncor Energy to a "hold" rating in a report on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Suncor Energy presently has an average rating of "Moderate Buy" and an average price target of $59.20.

Suncor Energy Trading Up 3.5 %

SU stock traded up $1.11 during midday trading on Friday, hitting $33.32. The stock had a trading volume of 3,089,576 shares, compared to its average volume of 4,485,482. 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 market cap of $41.23 billion, a P/E ratio of 9.65, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79. The business has a fifty day moving average price of $37.29 and a two-hundred day moving average price of $38.00. Suncor Energy Inc. has a 1-year low of $30.79 and a 1-year high of $41.95.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.07. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. On average, sell-side analysts predict that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th were paid a $0.399 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $1.60 annualized dividend and a dividend yield of 4.79%. Suncor Energy's dividend payout ratio 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.