Bryn Mawr Capital Management LLC Acquires 86,092 Shares of Suncor Energy Inc. (NYSE:SU)

Bryn Mawr Capital Management LLC increased its holdings in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 1,334.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,543 shares of the oil and gas producer's stock after buying an additional 86,092 shares during the period. Bryn Mawr Capital Management LLC's holdings in Suncor Energy were worth $3,302,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Global Retirement Partners LLC raised its stake in Suncor Energy by 52.6% in the fourth quarter. Global Retirement Partners LLC now owns 3,635 shares of the oil and gas producer's stock valued at $130,000 after purchasing an additional 1,253 shares in the last quarter. Atria Wealth Solutions Inc. increased its holdings in Suncor Energy by 155.3% in the 4th quarter. Atria Wealth Solutions Inc. now owns 19,731 shares of the oil and gas producer's stock valued at $704,000 after buying an additional 12,002 shares during the period. Truist Financial Corp raised its position in shares of Suncor Energy by 3.2% in the 4th quarter. Truist Financial Corp now owns 46,403 shares of the oil and gas producer's stock valued at $1,656,000 after buying an additional 1,449 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Suncor Energy by 39.9% during the 4th quarter. Principal Financial Group Inc. now owns 9,706,616 shares of the oil and gas producer's stock worth $346,298,000 after acquiring an additional 2,767,043 shares during the period. Finally, J.W. Cole Advisors Inc. acquired a new stake in shares of Suncor Energy during the 4th quarter worth approximately $236,000. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Suncor Energy Trading Down 1.8 %

NYSE SU traded down $0.71 on Friday, hitting $39.46. The company's stock had a trading volume of 2,906,642 shares, compared to its average volume of 4,512,089. The company's 50-day moving average is $37.89 and its 200 day moving average is $38.64. The firm has a market cap of $49.11 billion, a PE ratio of 11.44, a PEG ratio of 2.92 and a beta of 1.12. Suncor Energy Inc. has a 1-year low of $33.26 and a 1-year high of $41.94. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.07. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. As a group, analysts predict that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th will be issued 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 4.04%. Suncor Energy's payout ratio is 46.67%.

Analysts Set New Price Targets

Several research analysts have commented on SU shares. StockNews.com upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Tuesday, January 14th. Tudor, Pickering, Holt & Co. raised Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Desjardins upgraded Suncor Energy from a "hold" rating to a "buy" rating in a research report on Thursday, November 14th. Tudor Pickering raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Finally, Morgan Stanley cut shares of Suncor Energy from an "overweight" rating to an "equal weight" rating in a report on Monday, December 16th. Three investment 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 stock. According to MarketBeat, 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.