Marshall Wace LLP Boosts Stock Holdings in Suncor Energy Inc. (NYSE:SU)

Marshall Wace LLP increased its position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 445.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 388,120 shares of the oil and gas producer's stock after acquiring an additional 316,977 shares during the quarter. Marshall Wace LLP's holdings in Suncor Energy were worth $13,848,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HHM Wealth Advisors LLC increased its stake 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 purchasing an additional 325 shares in the last quarter. Crowley Wealth Management Inc. purchased a new position in Suncor Energy in the 4th quarter valued at approximately $35,000. Lee Danner & Bass Inc. bought a new stake in Suncor Energy during the 4th quarter valued at $36,000. Golden State Wealth Management LLC purchased a new stake in shares of Suncor Energy during the fourth quarter worth $39,000. Finally, Covestor Ltd boosted its holdings 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 acquiring an additional 256 shares during the period. 67.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SU has been the topic of a number of recent research reports. Cibc World Mkts raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Tudor Pickering raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $66.00 price objective on shares of Suncor Energy in a research note on Tuesday, January 7th. Bank of America began coverage on shares of Suncor Energy in a research note on Wednesday, February 26th. They issued a "neutral" rating on the stock. Finally, Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $59.20.

Suncor Energy Price Performance

NYSE:SU traded down $0.02 during midday trading on Friday, hitting $35.58. The company had a trading volume of 2,097,166 shares, compared to its average volume of 4,465,440. The company has a market capitalization of $44.02 billion, a PE ratio of 10.31, a P/E/G 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 stock's fifty day moving average price is $36.31 and its 200-day moving average price is $37.73.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) 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%. As a group, research analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th were given a dividend of $0.399 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date was Tuesday, March 4th. Suncor Energy's payout ratio is currently 45.51%.

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.