Ruffer LLP Purchases 156,496 Shares of Suncor Energy Inc. (NYSE:SU)

Ruffer LLP grew its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 19.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 941,697 shares of the oil and gas producer's stock after buying an additional 156,496 shares during the period. Suncor Energy makes up about 1.2% of Ruffer LLP's holdings, making the stock its 24th biggest holding. Ruffer LLP owned 0.08% of Suncor Energy worth $33,608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. HHM Wealth Advisors LLC grew 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 valued at $30,000 after purchasing an additional 325 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in Suncor Energy during the 4th quarter valued at about $39,000. Stonebridge Financial Group LLC bought a new position in Suncor Energy during the 4th quarter worth approximately $45,000. UMB Bank n.a. grew its position 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 worth $50,000 after acquiring an additional 300 shares during the last quarter. Finally, Private Trust Co. NA increased its stake in Suncor Energy by 50.2% in the 4th quarter. Private Trust Co. NA now owns 1,705 shares of the oil and gas producer's stock worth $61,000 after purchasing an additional 570 shares during the period. Hedge funds and other institutional investors own 67.37% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts recently commented on SU shares. Desjardins raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. Cibc World Mkts raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Tudor, Pickering, Holt & Co. raised Suncor Energy from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. Bank of America began coverage on Suncor Energy in a research report on Wednesday, February 26th. They set a "neutral" rating for the company. Finally, StockNews.com upgraded Suncor Energy from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $58.00.

Suncor Energy Stock Up 1.1 %

NYSE:SU traded up $0.37 during mid-day trading on Wednesday, hitting $35.75. 1,258,382 shares of the company's stock were exchanged, compared to its average volume of 4,182,281. Suncor Energy Inc. has a one year low of $33.81 and a one year high of $41.95. The business has a fifty day moving average price of $38.29 and a 200 day moving average price of $38.33. The company has a market cap of $44.23 billion, a PE ratio of 10.37, a P/E/G 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 (NYSE:SU - Get Free Report) TSE: SU last posted 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%. Equities analysts predict that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th will be given a $0.399 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.46%. The ex-dividend date of this dividend is Tuesday, March 4th. Suncor Energy's dividend payout ratio is presently 45.51%.

About Suncor Energy

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.