Maryland State Retirement & Pension System Acquires 10,157 Shares of Suncor Energy Inc. (NYSE:SU)

Maryland State Retirement & Pension System lifted its stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 4.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 238,885 shares of the oil and gas producer's stock after purchasing an additional 10,157 shares during the period. Maryland State Retirement & Pension System's holdings in Suncor Energy were worth $8,523,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SU. HHM Wealth Advisors LLC raised its stake 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 valued at $30,000 after buying an additional 325 shares during the period. Golden State Wealth Management LLC bought a new position in Suncor Energy in the 4th quarter valued at about $39,000. Stonebridge Financial Group LLC bought a new position in Suncor Energy in the 4th quarter valued at about $45,000. UMB Bank n.a. raised its holdings in Suncor Energy by 27.5% in the 4th quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer's stock valued at $50,000 after acquiring an additional 300 shares during the period. Finally, Private Trust Co. NA raised its holdings in Suncor Energy by 50.2% in the 4th quarter. Private Trust Co. NA now owns 1,705 shares of the oil and gas producer's stock valued at $61,000 after acquiring an additional 570 shares during the period. Institutional investors own 67.37% of the company's stock.

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Suncor Energy Price Performance

Suncor Energy stock traded down $0.26 during midday trading on Friday, reaching $37.46. The company's stock had a trading volume of 3,669,706 shares, compared to its average volume of 4,215,746. Suncor Energy Inc. has a 52 week low of $33.81 and a 52 week high of $41.95. 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 business has a 50-day moving average price of $38.22 and a 200-day moving average price of $38.14. The stock has a market cap of $46.34 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) 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 predict 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. Investors of record on Tuesday, March 4th will be given a dividend of $0.399 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a yield of 4.26%. Suncor Energy's dividend payout ratio is currently 45.51%.

Wall Street Analyst Weigh In

Several research firms have weighed in on SU. Cibc World Mkts raised shares of 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 research 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. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $66.00 price target on shares of Suncor Energy in a research report on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $58.00.

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.