Stevens Capital Management LP Acquires New Holdings in Suncor Energy Inc. (NYSE:SU)

Stevens Capital Management LP purchased a new stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,053 shares of the oil and gas producer's stock, valued at approximately $252,000.

A number of other institutional investors and hedge funds have also modified their holdings of SU. Assenagon Asset Management S.A. boosted its position in shares of Suncor Energy by 1,324.8% in the fourth 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 acquiring an additional 3,225,543 shares during the period. Principal Financial Group Inc. grew its position in Suncor Energy by 39.9% in the 4th quarter. Principal Financial Group Inc. now owns 9,706,616 shares of the oil and gas producer's stock worth $346,298,000 after purchasing an additional 2,767,043 shares during the last quarter. Jupiter Asset Management Ltd. increased its holdings in shares of Suncor Energy by 2,061.8% during the 4th quarter. Jupiter Asset Management Ltd. now owns 2,438,291 shares of the oil and gas producer's stock worth $86,990,000 after purchasing an additional 2,325,503 shares during the period. Fisher Asset Management LLC raised its position 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 valued at $133,250,000 after buying an additional 1,842,791 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Suncor Energy by 104.2% in the fourth quarter. Bank of New York Mellon Corp now owns 3,083,440 shares of the oil and gas producer's stock valued at $110,017,000 after buying an additional 1,573,726 shares during the period. 67.37% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

SU has been the subject of several recent research reports. Bank of America started coverage on Suncor Energy in a report on Wednesday, February 26th. They issued a "neutral" rating for the company. Morgan Stanley cut Suncor Energy from an "overweight" rating to an "equal weight" rating in a research report on Monday, December 16th. Cibc World Mkts upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Tudor Pickering upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Finally, Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Suncor Energy presently has an average rating of "Moderate Buy" and a consensus price target of $58.00.

Suncor Energy Price Performance

Shares of SU traded up $0.03 on Tuesday, hitting $38.44. The company's stock had a trading volume of 3,054,095 shares, compared to its average volume of 4,210,934. The company has a market capitalization of $47.56 billion, a PE ratio of 11.14, a PEG ratio of 2.94 and a beta of 1.11. Suncor Energy Inc. has a fifty-two week low of $33.81 and a fifty-two week high of $41.95. The company has a 50 day moving average price of $38.20 and a 200 day moving average price of $38.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS for the quarter, topping 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%. On average, research analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th will be given a $0.399 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a yield of 4.15%. Suncor Energy's payout ratio is 45.51%.

Suncor Energy Company 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.