Choreo LLC Increases Holdings in Suncor Energy Inc. (NYSE:SU)

Choreo LLC raised its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 138.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,193 shares of the oil and gas producer's stock after buying an additional 8,815 shares during the period. Choreo LLC's holdings in Suncor Energy were worth $541,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its holdings in shares of Suncor Energy by 27.5% during the fourth quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer's stock worth $50,000 after purchasing an additional 300 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Suncor Energy by 0.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 112,925 shares of the oil and gas producer's stock worth $4,169,000 after purchasing an additional 321 shares during the period. HHM Wealth Advisors LLC lifted its holdings 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 worth $30,000 after purchasing an additional 325 shares during the period. Coldstream Capital Management Inc. raised its stake in Suncor Energy by 5.0% during the third quarter. Coldstream Capital Management Inc. now owns 7,486 shares of the oil and gas producer's stock worth $276,000 after buying an additional 354 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its holdings in Suncor Energy by 2.7% in the third quarter. TD Private Client Wealth LLC now owns 18,646 shares of the oil and gas producer's stock valued at $688,000 after buying an additional 487 shares during the period. Institutional investors and hedge funds own 67.37% of the company's stock.

Suncor Energy Stock Down 1.1 %

NYSE:SU traded down $0.42 on Friday, hitting $39.53. The stock had a trading volume of 3,955,278 shares, compared to its average volume of 4,417,325. The business's fifty day moving average is $37.73 and its 200 day moving average is $38.60. The company has a market cap of $49.20 billion, a PE ratio of 11.46, a P/E/G ratio of 2.96 and a beta of 1.12. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.24. Suncor Energy Inc. has a 52 week low of $31.46 and a 52 week high of $41.94.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.07. Suncor Energy had a return on equity of 15.33% and a net margin of 11.80%. On average, equities research analysts expect that Suncor Energy Inc. will post 3.25 EPS for the current fiscal year.

Suncor Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th will be issued a $0.399 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.04%. Suncor Energy's dividend payout ratio is presently 46.67%.

Analyst Upgrades and Downgrades

SU has been the topic of several recent analyst reports. Desjardins upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a report on Thursday, November 14th. Cibc World Mkts raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. Tudor, Pickering, Holt & Co. raised Suncor Energy from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. StockNews.com raised Suncor Energy from a "hold" rating to a "buy" rating in a research note on Tuesday, January 14th. Finally, Tudor Pickering raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.