Corient Private Wealth LLC Has $26.72 Million Holdings in Suncor Energy Inc. (NYSE:SU)

Corient Private Wealth LLC raised its holdings in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 69.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 748,865 shares of the oil and gas producer's stock after buying an additional 307,469 shares during the period. Corient Private Wealth LLC owned 0.06% of Suncor Energy worth $26,720,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC grew its stake in shares of 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 buying an additional 325 shares in the last quarter. Golden State Wealth Management LLC bought a new position in shares of Suncor Energy in the 4th quarter valued at about $39,000. Stonebridge Financial Group LLC acquired a new position in shares of Suncor Energy during the 4th quarter worth about $45,000. UMB Bank n.a. raised its holdings in shares of 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 period. Finally, Private Trust Co. NA raised its holdings in shares of 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 during the period. 67.37% of the stock is owned by institutional investors.

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Suncor Energy Stock Performance

Shares of SU traded down $0.26 during mid-day trading on Friday, hitting $37.46. 3,669,706 shares of the company's stock were exchanged, compared to its average volume of 4,213,858. 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 Inc. has a 52 week low of $33.81 and a 52 week high of $41.95. The stock's 50-day simple moving average is $38.22 and its 200-day simple moving average is $38.15. The firm has a market cap of $46.34 billion, a price-to-earnings ratio of 10.86, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.07. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. On average, equities research analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th will be paid a $0.399 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date is Tuesday, March 4th. Suncor Energy's dividend payout ratio (DPR) is presently 45.51%.

Analyst Ratings Changes

A number of equities analysts have weighed in on SU shares. Scotiabank raised Suncor Energy to a "hold" rating in a research report on Wednesday. Bank of America started coverage on Suncor Energy in a research note on Wednesday, February 26th. They issued a "neutral" rating on the stock. Cibc World Mkts raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Finally, Morgan Stanley lowered shares of Suncor Energy from an "overweight" rating to an "equal weight" rating in a research report on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average 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.