Proficio Capital Partners LLC Takes Position in Suncor Energy Inc. (NYSE:SU)

Proficio Capital Partners LLC purchased a new stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 161,488 shares of the oil and gas producer's stock, valued at approximately $5,762,000.

Several other large investors have also recently bought and sold shares of the stock. HHM Wealth Advisors LLC boosted its position 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 valued at $30,000 after acquiring an additional 325 shares during the period. Golden State Wealth Management LLC acquired a new stake in Suncor Energy in the 4th quarter worth about $39,000. Stonebridge Financial Group LLC bought a new stake in Suncor Energy in the 4th quarter valued at about $45,000. UMB Bank n.a. grew its position in shares of Suncor Energy by 27.5% during the 4th quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer's stock worth $50,000 after purchasing an additional 300 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Suncor Energy by 35.4% during the fourth quarter. Allworth Financial LP now owns 1,900 shares of the oil and gas producer's stock worth $75,000 after purchasing an additional 497 shares during the period. 67.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SU has been the topic of a number of recent research reports. Tudor Pickering upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Bank of America started coverage on Suncor Energy in a research report on Wednesday, February 26th. They issued a "neutral" rating on the stock. 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. Royal Bank of Canada reissued an "outperform" rating and issued a $66.00 target price on shares of Suncor Energy in a report on Tuesday, January 7th. Finally, Cibc World Mkts raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Suncor Energy presently has an average rating of "Moderate Buy" and an average price target of $58.00.

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Suncor Energy Price Performance

Shares of SU traded up $1.06 during trading hours on Friday, reaching $35.81. The stock had a trading volume of 5,141,634 shares, compared to its average volume of 4,872,255. The stock has a market capitalization of $44.45 billion, a PE ratio of 10.38, a PEG ratio of 2.94 and a beta of 1.12. Suncor Energy Inc. has a 12 month low of $33.81 and a 12 month high of $41.94. 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 company's 50-day moving average is $38.28 and its two-hundred day moving average is $38.46.

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

Suncor Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th will be paid a dividend of $0.399 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date of this dividend is Tuesday, March 4th. Suncor Energy's dividend payout ratio is presently 45.22%.

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.