Roxbury Financial LLC bought a new stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 7,940 shares of the oil and gas producer's stock, valued at approximately $313,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of SU. Eastern Bank purchased a new position in shares of Suncor Energy during the third quarter valued at $25,000. HHM Wealth Advisors LLC boosted its stake in shares of Suncor Energy by 62.1% during the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer's stock valued at $30,000 after purchasing an additional 325 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in Suncor Energy during the fourth quarter valued at approximately $39,000. Stonebridge Financial Group LLC purchased a new position in shares of Suncor Energy in the 4th quarter valued at $45,000. Finally, Waldron Private Wealth LLC bought a new position in shares of Suncor Energy in the 3rd quarter worth $49,000. 67.37% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms have issued reports on SU. Cibc World Mkts upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Tudor Pickering raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Royal Bank of Canada restated an "outperform" rating and issued a $66.00 target price on shares of Suncor Energy in a research note on Tuesday, January 7th. StockNews.com raised Suncor Energy from a "hold" rating to a "buy" rating in a research report on Tuesday, January 14th. Finally, Desjardins raised Suncor Energy from a "hold" rating to a "buy" rating in a research report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $58.00.
Check Out Our Latest Stock Report on Suncor Energy
Suncor Energy Stock Performance
SU stock traded up $0.01 during trading on Wednesday, hitting $39.85. The company had a trading volume of 2,298,289 shares, compared to its average volume of 4,607,994. The firm has a 50-day moving average price of $37.83 and a 200-day moving average price of $38.63. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. The firm has a market cap of $49.59 billion, a PE ratio of 11.55, a price-to-earnings-growth ratio of 2.89 and a beta of 1.12. Suncor Energy Inc. has a 1-year low of $32.62 and a 1-year high of $41.94.
Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released 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 net margin of 11.80% and a return on equity of 15.37%. On average, analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current year.
Suncor Energy Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th will be given a dividend of $0.399 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.60 annualized dividend and a yield of 4.01%. Suncor Energy's payout ratio is currently 46.67%.
Suncor Energy Profile
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Free Report)
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.
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