Ontario Teachers Pension Plan Board raised its stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 58.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 230,179 shares of the oil and gas producer's stock after purchasing an additional 84,463 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Suncor Energy were worth $8,206,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in SU. HHM Wealth Advisors LLC raised its stake in Suncor Energy by 62.1% in the 4th quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer's stock worth $30,000 after acquiring an additional 325 shares during the last quarter. Crowley Wealth Management Inc. acquired a new stake in shares of Suncor Energy during the fourth quarter worth about $35,000. Lee Danner & Bass Inc. acquired a new position in Suncor Energy in the 4th quarter worth approximately $36,000. Golden State Wealth Management LLC purchased a new position in Suncor Energy during the 4th quarter worth approximately $39,000. Finally, Covestor Ltd boosted its holdings in shares of Suncor Energy by 30.5% in the 4th quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock valued at $39,000 after acquiring 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
SU stock traded up $0.67 during trading on Friday, hitting $34.48. The stock had a trading volume of 3,015,187 shares, compared to its average volume of 4,476,006. Suncor Energy Inc. has a twelve month low of $30.79 and a twelve month high of $41.95. The company's 50-day moving average price is $36.79 and its two-hundred day moving average price is $37.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. The stock has a market capitalization of $42.66 billion, a P/E ratio of 10.00, a PEG ratio of 2.94 and a beta of 0.79.
Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 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, 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 disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th were paid a dividend of $0.399 per share. The ex-dividend date was Tuesday, March 4th. This represents a $1.60 annualized dividend and a yield of 4.63%. Suncor Energy's dividend payout ratio is presently 45.51%.
Analyst Ratings Changes
SU has been the topic of several recent research reports. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Cibc World Mkts raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Royal Bank of Canada reiterated an "outperform" rating and set a $66.00 price target on shares of Suncor Energy in a research report on Tuesday, January 7th. Bank of America began coverage on Suncor Energy in a research report on Wednesday, February 26th. They issued a "neutral" rating on the stock. Finally, StockNews.com cut shares of Suncor Energy from a "buy" rating to a "hold" rating in a research note on Thursday. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $59.20.
View Our Latest Stock Report on Suncor Energy
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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