Sage Investment Counsel LLC acquired a new stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 8,400 shares of the oil and gas producer's stock, valued at approximately $300,000.
A number of other institutional investors and hedge funds have also bought and sold shares of SU. Assenagon Asset Management S.A. lifted its holdings in Suncor Energy by 1,324.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,469,008 shares of the oil and gas producer's stock worth $123,774,000 after buying an additional 3,225,543 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Suncor Energy by 39.9% in the fourth quarter. Principal Financial Group Inc. now owns 9,706,616 shares of the oil and gas producer's stock worth $346,298,000 after acquiring an additional 2,767,043 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Suncor Energy by 23.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,695,560 shares of the oil and gas producer's stock valued at $357,827,000 after acquiring an additional 1,829,936 shares during the last quarter. Bank of New York Mellon Corp increased its position in Suncor Energy by 104.2% during the 4th quarter. Bank of New York Mellon Corp now owns 3,083,440 shares of the oil and gas producer's stock valued at $110,017,000 after purchasing an additional 1,573,726 shares during the period. Finally, Fisher Asset Management LLC raised its holdings in Suncor Energy by 136.2% during the 3rd quarter. Fisher Asset Management LLC now owns 1,891,781 shares of the oil and gas producer's stock worth $69,845,000 after purchasing an additional 1,090,988 shares during the last quarter. Institutional investors and hedge funds own 67.37% of the company's stock.
Suncor Energy Stock Down 3.7 %
Shares of NYSE:SU traded down $1.43 during mid-day trading on Monday, hitting $36.85. 7,942,832 shares of the company traded hands, compared to its average volume of 4,484,009. The stock has a market cap of $45.86 billion, a P/E ratio of 10.71, a P/E/G ratio of 2.94 and a beta of 1.12. The stock has a 50-day moving average price of $38.28 and a two-hundred day moving average price of $38.60. Suncor Energy Inc. has a 12-month low of $34.12 and a 12-month high of $41.94. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21.
Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. On average, equities research analysts forecast that Suncor Energy Inc. will post 3.42 earnings per share for the current year.
Suncor Energy Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th will be given a dividend of $0.399 per share. The ex-dividend date is Tuesday, March 4th. This represents a $1.60 annualized dividend and a dividend yield of 4.33%. Suncor Energy's dividend payout ratio is currently 45.22%.
Analysts Set New Price Targets
SU has been the topic of a number of analyst reports. Bank of America initiated coverage on shares of Suncor Energy in a research note on Wednesday, February 26th. They issued a "neutral" rating on the stock. StockNews.com downgraded Suncor Energy from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Tudor Pickering raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Morgan Stanley cut Suncor Energy from an "overweight" rating to an "equal weight" rating in a research note on Monday, December 16th. Finally, Tudor, Pickering, Holt & Co. raised Suncor Energy from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Suncor Energy currently has an average rating of "Moderate Buy" and an average price target of $58.00.
Get Our Latest Stock Analysis on SU
Suncor Energy Company Profile
(
Free Report)
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.
Read More
Before you consider Suncor Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Suncor Energy wasn't on the list.
While Suncor Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
