R Squared Ltd Makes New $332,000 Investment in Suncor Energy Inc. (NYSE:SU)

R Squared Ltd acquired a new position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 9,300 shares of the oil and gas producer's stock, valued at approximately $332,000.

Several other large investors also recently bought and sold shares of the company. Eastern Bank purchased a new position in shares of Suncor Energy in the third quarter worth about $25,000. Waldron Private Wealth LLC purchased a new position in Suncor Energy in the 3rd quarter worth approximately $49,000. UMB Bank n.a. boosted its holdings 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 during the last quarter. Transamerica Financial Advisors Inc. grew its position in shares of Suncor Energy by 2,311.0% in the third quarter. Transamerica Financial Advisors Inc. now owns 1,977 shares of the oil and gas producer's stock valued at $73,000 after purchasing an additional 1,895 shares in the last quarter. Finally, Mattson Financial Services LLC acquired a new stake in shares of Suncor Energy in the second quarter valued at approximately $82,000. 67.37% of the stock is currently owned by hedge funds and other institutional investors.

Suncor Energy Trading Down 3.0 %

Shares of SU traded down $1.15 during trading on Friday, reaching $37.50. 5,335,765 shares of the company traded hands, compared to its average volume of 3,745,165. The stock has a 50-day simple moving average of $37.78 and a 200-day simple moving average of $38.55. The stock has a market cap of $46.67 billion, a PE ratio of 8.17, a price-to-earnings-growth ratio of 2.97 and a beta of 1.12. Suncor Energy Inc. has a twelve month low of $31.25 and a twelve month high of $41.94. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.24.

Suncor Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd were issued a $0.4089 dividend. This represents a $1.64 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend was Tuesday, December 3rd. This is an increase from Suncor Energy's previous quarterly dividend of $0.40. Suncor Energy's dividend payout ratio (DPR) is 35.08%.

Wall Street Analyst Weigh In

SU has been the topic of a number of recent research reports. Desjardins raised Suncor Energy from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. Royal Bank of Canada reissued an "outperform" rating and set a $66.00 price target on shares of Suncor Energy in a research report on Tuesday, January 7th. StockNews.com upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Tuesday, January 14th. Finally, Morgan Stanley lowered shares of Suncor Energy from an "overweight" rating to an "equal weight" rating in a report on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Suncor Energy presently has a consensus rating of "Moderate Buy" and an average target price of $58.00.

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.