Intact Investment Management Inc. lifted its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 1.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,131,184 shares of the oil and gas producer's stock after purchasing an additional 24,730 shares during the quarter. Suncor Energy comprises about 2.7% of Intact Investment Management Inc.'s portfolio, making the stock its 5th largest holding. Intact Investment Management Inc. owned about 0.17% of Suncor Energy worth $76,062,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. HHM Wealth Advisors LLC raised its position in Suncor Energy by 62.1% during the 4th 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 during the last quarter. Golden State Wealth Management LLC purchased a new position in Suncor Energy during the 4th quarter worth approximately $39,000. Stonebridge Financial Group LLC purchased a new position in Suncor Energy during the 4th quarter worth approximately $45,000. UMB Bank n.a. raised its position in Suncor Energy by 27.5% during the 4th 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 last quarter. Finally, Private Trust Co. NA raised its position in Suncor Energy by 50.2% during the 4th quarter. Private Trust Co. NA now owns 1,705 shares of the oil and gas producer's stock worth $61,000 after buying an additional 570 shares during the last quarter. 67.37% of the stock is owned by hedge funds and other institutional investors.
Suncor Energy Price Performance
NYSE:SU traded down $0.03 during trading hours on Tuesday, reaching $37.61. 3,943,163 shares of the company were exchanged, compared to its average volume of 4,191,265. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The stock's 50-day moving average is $38.30 and its 200-day moving average is $38.20. The firm has a market cap of $46.52 billion, a PE ratio of 10.90, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11. Suncor Energy Inc. has a twelve month low of $33.81 and a twelve month high of $41.95.
Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its quarterly earnings data 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%. On average, sell-side analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.
Suncor Energy Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th will be issued a $0.399 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a yield of 4.24%. Suncor Energy's payout ratio is currently 45.51%.
Wall Street Analysts Forecast Growth
SU has been the subject of several recent research reports. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Morgan Stanley lowered shares of Suncor Energy from an "overweight" rating to an "equal weight" rating in a research report on Monday, December 16th. Bank of America assumed coverage on shares of Suncor Energy in a research report on Wednesday, February 26th. They set a "neutral" rating on the stock. Cibc World Mkts upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. Finally, Tudor Pickering upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Five equities research 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's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $58.00.
Check Out Our Latest Analysis on Suncor Energy
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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