Quantbot Technologies LP Takes Position in Suncor Energy Inc. (NYSE:SU)

Quantbot Technologies LP bought a new position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 158,991 shares of the oil and gas producer's stock, valued at approximately $5,673,000.

A number of other institutional investors have also added to or reduced their stakes in SU. HHM Wealth Advisors LLC lifted its holdings in shares of Suncor Energy by 62.1% during 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. Lee Danner & Bass Inc. purchased a new stake in Suncor Energy during the fourth quarter valued at about $36,000. Golden State Wealth Management LLC bought a new stake in Suncor Energy during the fourth quarter worth about $39,000. Stonebridge Financial Group LLC purchased a new position in shares of Suncor Energy in the 4th quarter worth about $45,000. Finally, UMB Bank n.a. increased 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 valued at $50,000 after purchasing an additional 300 shares during the last quarter. 67.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SU. Cibc World Mkts raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Tudor Pickering raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Morgan Stanley downgraded shares of Suncor Energy from an "overweight" rating to an "equal weight" rating in a research note on Monday, December 16th. Finally, StockNews.com cut Suncor Energy from a "buy" rating to a "hold" rating in a research note on Friday, March 14th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $58.00.

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Suncor Energy Trading Down 0.3 %

NYSE:SU traded down $0.13 during mid-day trading on Wednesday, reaching $37.48. 4,414,927 shares of the company's stock traded hands, compared to its average volume of 4,195,054. The company has a 50 day moving average price of $38.29 and a 200-day moving average price of $38.18. The firm has a market capitalization of $46.37 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 2.94 and a beta of 1.11. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. Suncor Energy Inc. has a 12-month low of $33.81 and a 12-month high of $41.95.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.07. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. On average, sell-side analysts predict that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders 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 dividend yield of 4.26%. The ex-dividend date of this dividend is Tuesday, March 4th. Suncor Energy's payout ratio is 45.51%.

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.