269,222 Shares in Suncor Energy Inc. (NYSE:SU) Bought by Guardian Partners Inc.

Guardian Partners Inc. acquired a new position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 269,222 shares of the oil and gas producer's stock, valued at approximately $10,311,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SU. Sanctuary Advisors LLC grew its holdings in Suncor Energy by 32.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 82,204 shares of the oil and gas producer's stock worth $3,035,000 after acquiring an additional 20,081 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Suncor Energy by 86.0% during 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 purchasing an additional 31,366 shares during the period. Sage Investment Counsel LLC bought a new stake in Suncor Energy in the fourth quarter valued at about $300,000. J.W. Cole Advisors Inc. acquired a new position in Suncor Energy in the fourth quarter valued at about $236,000. Finally, Bank of New York Mellon Corp boosted its holdings in Suncor Energy by 104.2% during the fourth quarter. Bank of New York Mellon Corp now owns 3,083,440 shares of the oil and gas producer's stock worth $110,017,000 after buying an additional 1,573,726 shares during the last quarter. Institutional investors and hedge funds own 67.37% of the company's stock.

Suncor Energy Trading Up 0.1 %

Suncor Energy stock traded up $0.03 during trading hours on Tuesday, reaching $38.44. 3,023,507 shares of the company's stock were exchanged, compared to its average volume of 4,212,116. The firm has a market capitalization of $47.56 billion, a PE ratio of 11.14, a PEG ratio of 2.94 and a beta of 1.11. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. The firm's 50 day simple moving average is $38.20 and its 200 day simple moving average is $38.14. Suncor Energy Inc. has a twelve month low of $33.81 and a twelve month high of $41.95.

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Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its 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 return on equity of 15.37% and a net margin of 11.80%. Research analysts predict that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th will be given a dividend of $0.399 per share. The ex-dividend date is Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.15%. Suncor Energy's dividend payout ratio (DPR) is presently 45.51%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on SU shares. Scotiabank raised shares of Suncor Energy to a "hold" rating in a research note on Wednesday, March 19th. Morgan Stanley cut shares of Suncor Energy from an "overweight" rating to an "equal weight" rating in a research note on Monday, December 16th. Bank of America initiated coverage on Suncor Energy in a report on Wednesday, February 26th. They set a "neutral" rating on the stock. Cibc World Mkts upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Finally, Tudor, Pickering, Holt & Co. raised Suncor Energy from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.