CenterBook Partners LP Purchases 4,469 Shares of Suncor Energy Inc. (NYSE:SU)

CenterBook Partners LP grew its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 19.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 26,991 shares of the oil and gas producer’s stock after acquiring an additional 4,469 shares during the quarter. CenterBook Partners LP’s holdings in Suncor Energy were worth $963,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of Suncor Energy in the 4th quarter worth $18,829,000. Prospector Partners LLC boosted its holdings in Suncor Energy by 36.0% in the fourth quarter. Prospector Partners LLC now owns 197,725 shares of the oil and gas producer’s stock worth $7,055,000 after acquiring an additional 52,300 shares in the last quarter. Lyrical Asset Management LP grew its stake in shares of Suncor Energy by 0.8% during the fourth quarter. Lyrical Asset Management LP now owns 5,328,038 shares of the oil and gas producer’s stock worth $190,104,000 after acquiring an additional 40,133 shares during the last quarter. Ruggaard & Associates LLC increased its holdings in shares of Suncor Energy by 21.8% during the fourth quarter. Ruggaard & Associates LLC now owns 10,630 shares of the oil and gas producer’s stock valued at $379,000 after acquiring an additional 1,900 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC purchased a new position in shares of Suncor Energy in the 4th quarter valued at approximately $5,140,000. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SU. 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. Morgan Stanley downgraded Suncor Energy from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 16th. Tudor Pickering upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Bank of America started coverage on Suncor Energy in a research note on Wednesday, February 26th. They set a “neutral” rating on the stock. Finally, Tudor, Pickering, Holt & Co. upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $59.20.

Suncor Energy Stock Up 3.9 %

Suncor Energy stock opened at $33.48 on Friday. Suncor Energy Inc. has a 52 week low of $30.79 and a 52 week high of $41.95. The firm has a market cap of $41.42 billion, a price-to-earnings ratio of 9.70, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79. The business’s 50-day moving average price is $37.20 and its 200 day moving average price is $37.97. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. As a group, sell-side analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th were given a $0.399 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.77%. Suncor Energy’s dividend payout ratio (DPR) is currently 45.51%.

About Suncor Energy

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.