Lingohr Asset Management GmbH purchased a new stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 12,721 shares of the oil and gas producer's stock, valued at approximately $449,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sanctuary Advisors LLC grew its stake in Suncor Energy by 32.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 82,204 shares of the oil and gas producer's stock valued at $3,035,000 after purchasing an additional 20,081 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Suncor Energy by 86.0% in the 4th quarter. Jones Financial Companies Lllp now owns 67,848 shares of the oil and gas producer's stock worth $2,421,000 after buying an additional 31,366 shares during the last quarter. Sage Investment Counsel LLC bought a new position in Suncor Energy during the fourth quarter valued at about $300,000. Intech Investment Management LLC increased its holdings in Suncor Energy by 1,345.8% during the third quarter. Intech Investment Management LLC now owns 468,415 shares of the oil and gas producer's stock worth $17,309,000 after buying an additional 436,016 shares during the last quarter. Finally, J.W. Cole Advisors Inc. bought a new stake in Suncor Energy in the fourth quarter worth about $236,000. 67.37% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on SU. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. StockNews.com raised Suncor Energy from a "hold" rating to a "buy" rating in a report on Saturday. Bank of America initiated coverage on Suncor Energy in a research report on Wednesday, February 26th. They set a "neutral" rating on the stock. 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, Cibc World Mkts raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Suncor Energy presently has an average rating of "Moderate Buy" and an average target price of $58.00.
Check Out Our Latest Stock Report on SU
Suncor Energy Price Performance
Shares of NYSE:SU traded up $0.96 during trading on Monday, reaching $38.41. The company had a trading volume of 3,913,052 shares, compared to its average volume of 4,214,533. The company has a fifty day moving average of $38.20 and a two-hundred day moving average of $38.14. 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 has a market capitalization of $47.52 billion, a P/E ratio of 11.13, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11. Suncor Energy Inc. has a 12 month low of $33.81 and a 12 month high of $41.95.
Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its quarterly 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%. Equities research analysts forecast that Suncor Energy Inc. will post 3.42 earnings per share for the current year.
Suncor Energy Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th will be paid a $0.399 dividend. This represents a $1.60 annualized dividend and a yield of 4.15%. The ex-dividend date is Tuesday, March 4th. Suncor Energy's dividend payout ratio is currently 45.51%.
Suncor Energy Company Profile
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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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