Foster & Motley Inc. Acquires New Holdings in Suncor Energy Inc. (NYSE:SU)

Foster & Motley Inc. acquired a new stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 21,044 shares of the oil and gas producer's stock, valued at approximately $751,000.

A number of other institutional investors also recently modified their holdings of the stock. Cullen Investment Group LTD. lifted its stake in Suncor Energy by 0.8% in the third quarter. Cullen Investment Group LTD. now owns 33,106 shares of the oil and gas producer's stock valued at $1,222,000 after acquiring an additional 262 shares during the last quarter. UMB Bank n.a. boosted its position in 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 stake in shares of Suncor Energy by 0.3% in 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 buying an additional 321 shares during the last quarter. Coldstream Capital Management Inc. grew its stake in Suncor Energy by 5.0% in the 3rd quarter. Coldstream Capital Management Inc. now owns 7,486 shares of the oil and gas producer's stock valued at $276,000 after buying an additional 354 shares during the last quarter. Finally, Atomi Financial Group Inc. raised its holdings in Suncor Energy by 3.2% in the 3rd quarter. Atomi Financial Group Inc. now owns 13,464 shares of the oil and gas producer's stock worth $497,000 after acquiring an additional 416 shares during the period. Institutional investors and hedge funds own 67.37% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SU. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $66.00 target price on shares of Suncor Energy in a report on Tuesday, January 7th. Desjardins raised Suncor Energy from a "hold" rating to a "buy" rating in a report on Thursday, November 14th. Morgan Stanley lowered shares of Suncor Energy from an "overweight" rating to an "equal weight" rating in a research report on Monday, December 16th. Finally, StockNews.com raised Suncor Energy from a "hold" rating to a "buy" rating in a report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $58.00.

Suncor Energy Price Performance

NYSE:SU traded up $0.68 during mid-day trading on Tuesday, reaching $38.24. 4,007,752 shares of the company were exchanged, compared to its average volume of 4,230,533. Suncor Energy Inc. has a 12 month low of $31.25 and a 12 month high of $41.94. The stock has a market cap of $47.59 billion, a PE ratio of 8.33, a PEG ratio of 2.89 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. The company has a fifty day moving average of $37.72 and a 200 day moving average of $38.54.

Suncor Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd were given a dividend of $0.4089 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.28%. This is an increase from Suncor Energy's previous quarterly dividend of $0.40. Suncor Energy's payout ratio is presently 35.08%.

Suncor Energy Company 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.