Proficio Capital Partners LLC Acquires Shares of 161,488 Suncor Energy Inc. (NYSE:SU)

Proficio Capital Partners LLC acquired a new position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 161,488 shares of the oil and gas producer's stock, valued at approximately $5,762,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. HHM Wealth Advisors LLC lifted its holdings in shares of Suncor Energy by 62.1% in the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer's stock worth $30,000 after acquiring an additional 325 shares during the last quarter. Golden State Wealth Management LLC bought a new position in Suncor Energy in the 4th quarter valued at approximately $39,000. Stonebridge Financial Group LLC bought a new position in Suncor Energy in the 4th quarter valued at approximately $45,000. UMB Bank n.a. raised its holdings in Suncor Energy by 27.5% in the 4th quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer's stock valued at $50,000 after buying an additional 300 shares during the last quarter. Finally, Private Trust Co. NA raised its holdings in Suncor Energy by 50.2% in the 4th quarter. Private Trust Co. NA now owns 1,705 shares of the oil and gas producer's stock valued at $61,000 after buying an additional 570 shares during the last quarter. Institutional investors own 67.37% of the company's stock.

Suncor Energy Stock Performance

SU traded up $0.20 during trading hours on Thursday, hitting $37.71. The stock had a trading volume of 6,502,402 shares, compared to its average volume of 4,206,915. The company's fifty day simple moving average is $38.27 and its 200 day simple moving average is $38.17. Suncor Energy Inc. has a 1 year low of $33.81 and a 1 year high of $41.95. The stock has a market cap of $46.65 billion, a PE ratio of 10.93, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21.

Remove Ads

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

Suncor Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.399 per share. This represents a $1.60 annualized dividend and a dividend yield of 4.23%. The ex-dividend date is Tuesday, March 4th. Suncor Energy's payout ratio is 45.51%.

Analysts Set New Price Targets

SU has been the subject of a number of research reports. Bank of America initiated coverage on shares of Suncor Energy in a report on Wednesday, February 26th. They issued a "neutral" rating for the company. Royal Bank of Canada reissued an "outperform" rating and set a $66.00 target price on shares of Suncor Energy in a research report on Tuesday, January 7th. Morgan Stanley downgraded shares of Suncor Energy from an "overweight" rating to an "equal weight" rating in a research report on Monday, December 16th. StockNews.com downgraded shares of Suncor Energy from a "buy" rating to a "hold" rating in a research report on Friday, March 14th. 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. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $58.00.

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.