Mirabella Financial Services LLP Purchases New Stake in Suncor Energy Inc. (NYSE:SU)

Mirabella Financial Services LLP bought a new position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 35,180 shares of the oil and gas producer's stock, valued at approximately $1,252,000.

A number of other large investors have also made changes to their positions in SU. HHM Wealth Advisors LLC raised its stake 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 worth $30,000 after purchasing an additional 325 shares during the period. Crowley Wealth Management Inc. purchased a new stake in Suncor Energy during the 4th quarter worth $35,000. Lee Danner & Bass Inc. acquired a new position in Suncor Energy in the 4th quarter worth $36,000. Golden State Wealth Management LLC purchased a new stake in shares of Suncor Energy during the fourth quarter worth about $39,000. Finally, Covestor Ltd boosted its holdings in Suncor Energy by 30.5% in the fourth quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock valued at $39,000 after purchasing an additional 256 shares during the last quarter. Hedge funds and other institutional investors own 67.37% of the company's stock.

Suncor Energy Price Performance

Shares of SU stock traded down $0.02 during trading on Friday, hitting $35.58. The company had a trading volume of 2,173,319 shares, compared to its average volume of 4,465,736. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33. The firm has a market capitalization of $44.02 billion, a P/E ratio of 10.31, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79. The stock's 50-day moving average price is $36.31 and its 200 day moving average price is $37.73. Suncor Energy Inc. has a one year low of $30.79 and a one year high of $41.95.

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 for the quarter, beating analysts' consensus estimates of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. Equities analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Cuts Dividend

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

Wall Street Analyst Weigh In

A number of research firms have commented on SU. Scotiabank raised shares of Suncor Energy to a "hold" rating in a report on Wednesday, March 19th. Cibc World Mkts raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. Tudor Pickering upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Royal Bank of Canada reiterated an "outperform" rating and set a $66.00 price target on shares of Suncor Energy in a research note on Tuesday, January 7th. Finally, StockNews.com cut Suncor Energy from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Suncor Energy has an average rating of "Moderate Buy" and a consensus price target of $59.20.

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.