Hillsdale Investment Management Inc. raised its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 111.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 764,308 shares of the oil and gas producer's stock after buying an additional 403,622 shares during the quarter. Suncor Energy makes up approximately 1.4% of Hillsdale Investment Management Inc.'s investment portfolio, making the stock its 15th largest position. Hillsdale Investment Management Inc. owned about 0.06% of Suncor Energy worth $27,252,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. HHM Wealth Advisors LLC grew its position in 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 worth $30,000 after acquiring an additional 325 shares during the period. Lee Danner & Bass Inc. acquired a new stake in shares of Suncor Energy during the 4th quarter worth about $36,000. Golden State Wealth Management LLC purchased a new stake in Suncor Energy in the 4th quarter valued at about $39,000. Stonebridge Financial Group LLC acquired a new position in Suncor Energy in the fourth quarter valued at about $45,000. Finally, UMB Bank n.a. boosted its stake 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 buying an additional 300 shares during the period. 67.37% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on SU. StockNews.com raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a research note on Saturday. Scotiabank upgraded Suncor Energy to a "hold" rating in a research note on Wednesday, March 19th. Tudor Pickering raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Royal Bank of Canada reissued an "outperform" rating and set a $66.00 target price on shares of Suncor Energy in a research note on Tuesday, January 7th. 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 analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $58.00.
Read Our Latest Stock Analysis on Suncor Energy
Suncor Energy Stock Down 0.2 %
NYSE:SU traded down $0.09 during mid-day trading on Tuesday, hitting $38.32. The stock had a trading volume of 1,331,481 shares, compared to its average volume of 4,212,116. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. Suncor Energy Inc. has a twelve month low of $33.81 and a twelve month high of $41.95. The company has a market capitalization of $47.41 billion, a PE ratio of 11.11, a PEG ratio of 2.94 and a beta of 1.11. The stock has a 50-day simple moving average of $38.20 and a two-hundred day simple moving average of $38.14.
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 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%. On average, equities research analysts anticipate that Suncor Energy Inc. will post 3.42 EPS for the current year.
Suncor Energy Cuts Dividend
The company also recently disclosed 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. This represents a $1.60 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend is Tuesday, March 4th. Suncor Energy's payout ratio is currently 45.51%.
About Suncor Energy
(
Free Report)
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.
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