SG Americas Securities LLC Takes $264,000 Position in Suncor Energy Inc. (NYSE:SU)

SG Americas Securities LLC purchased a new stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,408 shares of the oil and gas producer's stock, valued at approximately $264,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Eastern Bank purchased a new stake in shares of Suncor Energy during the 3rd quarter valued at $25,000. Waldron Private Wealth LLC purchased a new stake in shares of Suncor Energy during the 3rd quarter valued at $49,000. 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. Transamerica Financial Advisors Inc. increased its position in shares of Suncor Energy by 2,311.0% during the 3rd 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 during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Suncor Energy during the 3rd quarter valued at $104,000. 67.37% of the stock is owned by hedge funds and other institutional investors.

Suncor Energy Trading Up 0.8 %

Shares of SU traded up $0.29 during mid-day trading on Friday, hitting $38.73. 6,711,952 shares of the company's stock traded hands, compared to its average volume of 4,417,325. 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 Inc. has a 1 year low of $31.25 and a 1 year high of $41.94. The firm has a market capitalization of $48.20 billion, a P/E ratio of 11.23, a PEG ratio of 2.96 and a beta of 1.12. The business's 50-day moving average price is $37.63 and its 200-day moving average price is $38.55.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.07. Suncor Energy had a return on equity of 15.33% and a net margin of 11.80%. As a group, sell-side analysts forecast that Suncor Energy Inc. will post 3.25 EPS for the current fiscal year.

Suncor Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th will be issued a $0.399 dividend. This represents a $1.60 annualized dividend and a yield of 4.12%. The ex-dividend date is Tuesday, March 4th. Suncor Energy's dividend payout ratio (DPR) is 46.67%.

Analyst Upgrades and Downgrades

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

Suncor Energy 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.