Interval Partners LP Acquires Shares of 235,129 Suncor Energy Inc. (NYSE:SU)

Interval Partners LP acquired a new position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 235,129 shares of the oil and gas producer’s stock, valued at approximately $8,958,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Toronto Dominion Bank boosted its holdings in Suncor Energy by 59.7% in the 1st quarter. Toronto Dominion Bank now owns 17,606,934 shares of the oil and gas producer’s stock worth $649,872,000 after acquiring an additional 6,580,260 shares during the period. TD Asset Management Inc boosted its stake in shares of Suncor Energy by 16.8% in the fourth quarter. TD Asset Management Inc now owns 32,070,496 shares of the oil and gas producer’s stock valued at $1,032,453,000 after purchasing an additional 4,612,764 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Suncor Energy by 90.9% in the second quarter. Assenagon Asset Management S.A. now owns 8,299,876 shares of the oil and gas producer’s stock valued at $316,226,000 after purchasing an additional 3,951,287 shares during the period. National Bank of Canada FI increased its stake in Suncor Energy by 60.7% during the 2nd quarter. National Bank of Canada FI now owns 8,661,861 shares of the oil and gas producer’s stock worth $328,876,000 after buying an additional 3,272,896 shares during the period. Finally, Sanders Capital LLC lifted its holdings in Suncor Energy by 2.8% in 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 in the last quarter. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Suncor Energy Stock Down 1.4 %

Shares of NYSE:SU opened at $37.21 on Monday. The company’s fifty day moving average is $38.90 and its two-hundred day moving average is $38.38. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.93 and a current ratio of 1.46. Suncor Energy Inc. has a 1-year low of $29.45 and a 1-year high of $41.94. The stock has a market capitalization of $47.69 billion, a price-to-earnings ratio of 8.29, a price-to-earnings-growth ratio of 2.47 and a beta of 1.13.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings data on Tuesday, August 6th. The oil and gas producer reported $1.27 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.51. Suncor Energy had a net margin of 14.40% and a return on equity of 16.22%. The firm had revenue of $12.90 billion for the quarter, compared to analyst estimates of $9.30 billion. During the same quarter in the prior year, the business earned $0.71 earnings per share. Suncor Energy’s quarterly revenue was up 10.1% on a year-over-year basis. Equities analysts anticipate that Suncor Energy Inc. will post 3.71 EPS for the current year.

Suncor Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be paid a dividend of $0.395 per share. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $1.58 dividend on an annualized basis and a yield of 4.25%. Suncor Energy’s payout ratio is currently 35.86%.

Analyst Ratings Changes

Several analysts have recently weighed in on SU shares. Raymond James raised Suncor Energy to a “hold” rating in a research report on Tuesday, May 28th. BMO Capital Markets upgraded Suncor Energy from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 7th. StockNews.com cut Suncor Energy from a “buy” rating to a “hold” rating in a research note on Friday. Scotiabank decreased their price target on shares of Suncor Energy from $61.00 to $60.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. Finally, TD Securities raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $55.83.

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.