Raymond James Financial Inc. Takes Position in Suncor Energy Inc. (NYSE:SU)

Raymond James Financial Inc. bought a new stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 527,717 shares of the oil and gas producer's stock, valued at approximately $18,829,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SU. Principal Securities Inc. grew its stake in shares of Suncor Energy by 2.2% in the fourth quarter. Principal Securities Inc. now owns 12,423 shares of the oil and gas producer's stock worth $443,000 after acquiring an additional 265 shares during the last quarter. X Square Capital LLC grew its position in Suncor Energy by 0.3% during the 4th quarter. X Square Capital LLC now owns 82,720 shares of the oil and gas producer's stock valued at $2,951,000 after purchasing an additional 267 shares during the last quarter. UMB Bank n.a. increased its stake in 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 in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Suncor Energy by 0.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 112,925 shares of the oil and gas producer's stock worth $4,169,000 after buying an additional 321 shares during the last quarter. Finally, HHM Wealth Advisors LLC lifted its stake 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 worth $30,000 after buying an additional 325 shares in the last quarter. 67.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on SU. Tudor Pickering raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Cibc World Mkts raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. 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 report on Monday, February 10th. Finally, StockNews.com downgraded shares of Suncor Energy from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $59.20.

Suncor Energy Trading Up 1.4 %

Shares of NYSE:SU traded up $0.48 during trading hours on Thursday, hitting $35.56. 2,584,244 shares of the company's stock traded hands, compared to its average volume of 4,886,739. 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 business has a fifty day moving average price of $36.39 and a 200-day moving average price of $37.77. Suncor Energy Inc. has a 1 year low of $30.79 and a 1 year high of $41.94. The firm has a market capitalization of $43.99 billion, a P/E ratio of 10.31, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its 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%. Equities analysts expect 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 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 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date of this dividend was Tuesday, March 4th. Suncor Energy's dividend payout ratio (DPR) is presently 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.