Marshall Wace LLP Has $2.12 Million Stock Position in Suncor Energy Inc. (NYSE:SU)

Marshall Wace LLP lessened its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 72.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,700 shares of the oil and gas producer’s stock after selling 147,200 shares during the quarter. Marshall Wace LLP’s holdings in Suncor Energy were worth $2,122,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Interval Partners LP bought a new position in shares of Suncor Energy in the second quarter valued at about $8,958,000. Gabelli Funds LLC grew its stake in Suncor Energy by 8.4% in the 2nd quarter. Gabelli Funds LLC now owns 119,700 shares of the oil and gas producer’s stock valued at $4,561,000 after buying an additional 9,300 shares during the last quarter. Frank Rimerman Advisors LLC acquired a new position in Suncor Energy in the 2nd quarter valued at about $1,316,000. Sei Investments Co. raised its holdings in Suncor Energy by 57.8% in the 2nd quarter. Sei Investments Co. now owns 248,867 shares of the oil and gas producer’s stock valued at $9,482,000 after acquiring an additional 91,163 shares during the period. Finally, King Luther Capital Management Corp acquired a new stake in Suncor Energy during the second quarter worth approximately $1,377,000. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Trading Up 1.1 %

SU opened at $39.96 on Friday. The stock has a market capitalization of $51.21 billion, a price-to-earnings ratio of 8.90, a P/E/G ratio of 2.48 and a beta of 1.12. The company has a quick ratio of 0.93, a current ratio of 1.46 and a debt-to-equity ratio of 0.26. Suncor Energy Inc. has a twelve month low of $29.45 and a twelve month high of $41.94. The company has a 50-day simple moving average of $38.79 and a 200 day simple moving average of $38.52.

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

Suncor Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were issued a dividend of $0.395 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 3.95%. Suncor Energy’s dividend payout ratio (DPR) is currently 35.86%.

Wall Street Analyst Weigh In

SU has been the topic of several research reports. BMO Capital Markets raised Suncor Energy from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 7th. StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research report on Saturday, September 28th. TD Securities raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Scotiabank decreased their price target on shares of Suncor Energy from $61.00 to $60.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th. Finally, Wolfe Research began coverage on shares of Suncor Energy in a research note on Thursday, July 18th. They issued an “outperform” rating and a $68.00 price objective for the company. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $55.83.

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.