Prospector Partners LLC Purchases 52,300 Shares of Suncor Energy Inc. (NYSE:SU)

Prospector Partners LLC raised its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 36.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 197,725 shares of the oil and gas producer's stock after purchasing an additional 52,300 shares during the quarter. Prospector Partners LLC's holdings in Suncor Energy were worth $7,055,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. HHM Wealth Advisors LLC boosted its holdings 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 last quarter. Crowley Wealth Management Inc. purchased a new position in shares of Suncor Energy in the 4th quarter worth approximately $35,000. Lee Danner & Bass Inc. bought a new position in shares of Suncor Energy in the fourth quarter valued at approximately $36,000. Golden State Wealth Management LLC purchased a new stake in shares of Suncor Energy during the fourth quarter valued at approximately $39,000. Finally, Stonebridge Financial Group LLC bought a new stake in Suncor Energy during the fourth quarter worth $45,000. Institutional investors own 67.37% of the company's stock.

Analysts Set New Price Targets

SU has been the subject of a number of recent analyst reports. Tudor Pickering upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Cibc World Mkts upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Bank of America assumed coverage on shares of Suncor Energy in a research note on Wednesday, February 26th. They issued a "neutral" rating on the stock. Royal Bank of Canada restated an "outperform" rating and set a $66.00 price target on shares of Suncor Energy in a research note on Tuesday, January 7th. Finally, Scotiabank upgraded Suncor Energy to a "hold" rating in a research note on Wednesday, March 19th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $59.20.

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Suncor Energy Stock Performance

Suncor Energy stock traded up $1.10 during mid-day trading on Friday, reaching $33.31. The company's stock had a trading volume of 3,443,004 shares, compared to its average volume of 4,486,913. The firm's fifty day moving average price is $37.29 and its two-hundred day moving average price is $38.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33. Suncor Energy Inc. has a 12-month low of $30.79 and a 12-month high of $41.95. The company has a market capitalization of $41.21 billion, a P/E ratio of 9.62, a PEG ratio of 2.94 and a beta of 0.79.

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 for the quarter, beating 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%. Sell-side analysts predict that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th were given a dividend of $0.399 per share. This represents a $1.60 annualized dividend and a dividend yield of 4.79%. The ex-dividend date was Tuesday, March 4th. Suncor Energy's dividend payout ratio is presently 45.51%.

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.