Aviso Financial Inc. Buys 8,257 Shares of Suncor Energy Inc. (NYSE:SU)

Aviso Financial Inc. raised its stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 5.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 147,055 shares of the oil and gas producer's stock after buying an additional 8,257 shares during the period. Aviso Financial Inc.'s holdings in Suncor Energy were worth $5,248,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Sanctuary Advisors LLC lifted its holdings in shares of Suncor Energy by 32.3% in the third quarter. Sanctuary Advisors LLC now owns 82,204 shares of the oil and gas producer's stock valued at $3,035,000 after buying an additional 20,081 shares during the period. Jones Financial Companies Lllp raised its position in Suncor Energy by 86.0% in the fourth quarter. Jones Financial Companies Lllp now owns 67,848 shares of the oil and gas producer's stock worth $2,421,000 after acquiring an additional 31,366 shares in the last quarter. Sage Investment Counsel LLC acquired a new stake in Suncor Energy in the 4th quarter valued at about $300,000. Intech Investment Management LLC boosted its position in shares of Suncor Energy by 1,345.8% during the 3rd quarter. Intech Investment Management LLC now owns 468,415 shares of the oil and gas producer's stock valued at $17,309,000 after purchasing an additional 436,016 shares in the last quarter. Finally, J.W. Cole Advisors Inc. acquired a new position in shares of Suncor Energy in the 4th quarter worth approximately $236,000. 67.37% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

SU has been the subject of several recent research reports. Tudor Pickering raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Tudor, Pickering, Holt & Co. upgraded Suncor Energy from a "hold" rating to a "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 report on Tuesday, January 7th. StockNews.com downgraded Suncor Energy from a "buy" rating to a "hold" rating in a report on Friday. Finally, Cibc World Mkts raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Suncor Energy presently has a consensus rating of "Moderate Buy" and an average price target of $58.00.

Suncor Energy Stock Down 0.1 %

Suncor Energy stock traded down $0.03 during trading hours on Tuesday, hitting $37.61. The company had a trading volume of 3,943,163 shares, compared to its average volume of 4,191,265. Suncor Energy Inc. has a fifty-two week low of $33.81 and a fifty-two week high of $41.95. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. The firm has a market capitalization of $46.52 billion, a P/E ratio of 10.90, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11. The firm's fifty day moving average is $38.30 and its 200-day moving average is $38.20.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share 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%. On average, research analysts forecast 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. Investors of record on Tuesday, March 4th will be given a dividend of $0.399 per share. This represents a $1.60 annualized dividend and a yield of 4.24%. The ex-dividend date is Tuesday, March 4th. Suncor Energy's payout ratio is presently 45.51%.

Suncor Energy 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.