Metis Global Partners LLC Raises Stake in Suncor Energy Inc. (NYSE:SU)

Metis Global Partners LLC grew its position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 9.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 82,997 shares of the oil and gas producer's stock after acquiring an additional 6,887 shares during the quarter. Metis Global Partners LLC's holdings in Suncor Energy were worth $2,963,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in SU. HHM Wealth Advisors LLC boosted its position in Suncor Energy by 62.1% during the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer's stock valued at $30,000 after purchasing an additional 325 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Suncor Energy in the 4th quarter valued at approximately $39,000. Stonebridge Financial Group LLC bought a new position in shares of Suncor Energy in the fourth quarter valued at $45,000. UMB Bank n.a. increased its holdings in Suncor Energy by 27.5% during the fourth 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 fourth quarter. Private Trust Co. NA now owns 1,705 shares of the oil and gas producer's stock worth $61,000 after acquiring an additional 570 shares in the last quarter. 67.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SU. Tudor Pickering upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. 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. Cibc World Mkts upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. StockNews.com downgraded shares of Suncor Energy from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Morgan Stanley downgraded shares of Suncor Energy from an "overweight" rating to an "equal weight" rating in a research note on Monday, December 16th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Suncor Energy presently has an average rating of "Moderate Buy" and an average price target of $58.00.

Suncor Energy Stock Down 3.3 %

SU stock traded down $1.27 during mid-day trading on Monday, reaching $37.01. 7,629,249 shares of the company traded hands, compared to its average volume of 4,463,702. The stock has a market cap of $46.06 billion, a price-to-earnings ratio of 10.70, a P/E/G ratio of 2.94 and a beta of 1.12. Suncor Energy Inc. has a fifty-two week low of $34.12 and a fifty-two week high of $41.94. The firm's 50 day moving average price is $38.28 and its 200 day moving average price is $38.60. 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 (NYSE:SU - Get Free Report) TSE: SU last announced its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities research analysts predict that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th will be issued a $0.399 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.31%. The ex-dividend date is Tuesday, March 4th. Suncor Energy's dividend payout ratio is presently 45.22%.

Suncor Energy Company 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.