Suncor Energy Inc. (NYSE:SU) Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC increased its holdings in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 11.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 921,826 shares of the oil and gas producer's stock after purchasing an additional 95,328 shares during the quarter. Hsbc Holdings PLC owned approximately 0.07% of Suncor Energy worth $32,881,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. HHM Wealth Advisors LLC lifted its holdings 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 worth $30,000 after buying an additional 325 shares in the last quarter. Crowley Wealth Management Inc. purchased a new stake in Suncor Energy in the 4th quarter worth $35,000. Lee Danner & Bass Inc. purchased a new position in shares of Suncor Energy during the fourth quarter valued at about $36,000. Golden State Wealth Management LLC purchased a new position in shares of Suncor Energy during the fourth quarter valued at about $39,000. Finally, Covestor Ltd lifted its position in shares of Suncor Energy by 30.5% in the fourth quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock worth $39,000 after buying an additional 256 shares in the last quarter. Institutional investors own 67.37% of the company's stock.

Suncor Energy Trading Up 0.1 %

SU stock traded up $0.03 during trading on Tuesday, hitting $35.74. The company had a trading volume of 2,464,763 shares, compared to its average volume of 4,464,903. The firm has a market capitalization of $44.07 billion, a P/E ratio of 10.36, a PEG ratio of 2.94 and a beta of 0.79. 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 $30.79 and a 52-week high of $41.95. The company has a 50 day simple moving average of $36.14 and a 200-day simple moving average of $37.64.

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, beating 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%. As a group, research analysts forecast that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th were paid a dividend of $0.399 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.60 annualized dividend and a yield of 4.47%. Suncor Energy's dividend payout ratio (DPR) is 45.51%.

Analysts Set New Price Targets

SU has been the topic of a number of research reports. Tudor, Pickering, Holt & Co. raised Suncor Energy from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. Bank of America started coverage on shares of Suncor Energy in a research note on Wednesday, February 26th. They set a "neutral" rating on the stock. Scotiabank raised shares of Suncor Energy to a "hold" rating in a research note on Wednesday, March 19th. Tudor Pickering upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $66.00 price objective on shares of Suncor Energy in a research note on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $59.20.

Suncor Energy 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.