Argentarii LLC Buys New Holdings in Suncor Energy Inc. (NYSE:SU)

Argentarii LLC acquired a new stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 9,652 shares of the oil and gas producer's stock, valued at approximately $344,000.

Other institutional investors have also recently made changes to their positions in the company. HHM Wealth Advisors LLC boosted its holdings in 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 valued at $30,000 after purchasing an additional 325 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Suncor Energy in the fourth quarter worth approximately $39,000. Stonebridge Financial Group LLC purchased a new stake in shares of Suncor Energy during the fourth quarter worth approximately $45,000. UMB Bank n.a. raised its stake 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 purchasing an additional 300 shares during the last quarter. Finally, Private Trust Co. NA lifted 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 purchasing an additional 570 shares in the last quarter. Hedge funds and other institutional investors own 67.37% of the company's stock.

Suncor Energy Price Performance

Shares of NYSE SU traded up $0.37 during midday trading on Wednesday, hitting $35.75. The company had a trading volume of 1,258,382 shares, compared to its average volume of 4,182,281. The business has a 50-day simple moving average of $38.29 and a two-hundred day simple moving average of $38.33. The firm has a market capitalization of $44.23 billion, a price-to-earnings ratio of 10.37, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11. Suncor Energy Inc. has a twelve month low of $33.81 and a twelve month high of $41.95. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21.

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Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share 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%. Equities research analysts anticipate 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 $0.399 dividend. This represents a $1.60 annualized dividend and a yield of 4.46%. The ex-dividend date of this dividend is Tuesday, March 4th. Suncor Energy's dividend payout ratio is presently 45.51%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SU. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Royal Bank of Canada reissued an "outperform" rating and issued a $66.00 target price on shares of Suncor Energy in a research note on Tuesday, January 7th. Tudor Pickering upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Morgan Stanley downgraded Suncor Energy from an "overweight" rating to an "equal weight" rating in a research note on Monday, December 16th. Finally, Cibc World Mkts raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average 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.