Jones Financial Companies Lllp Acquires 31,366 Shares of Suncor Energy Inc. (NYSE:SU)

Jones Financial Companies Lllp lifted its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 86.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,848 shares of the oil and gas producer's stock after buying an additional 31,366 shares during the period. Jones Financial Companies Lllp's holdings in Suncor Energy were worth $2,421,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Sanctuary Advisors LLC raised its holdings in shares of Suncor Energy by 32.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 82,204 shares of the oil and gas producer's stock worth $3,035,000 after buying an additional 20,081 shares in the last quarter. Sage Investment Counsel LLC acquired a new position in shares of Suncor Energy in the 4th quarter worth approximately $300,000. Intech Investment Management LLC raised its holdings in shares of Suncor Energy by 1,345.8% in the 3rd quarter. Intech Investment Management LLC now owns 468,415 shares of the oil and gas producer's stock worth $17,309,000 after buying an additional 436,016 shares in the last quarter. J.W. Cole Advisors Inc. acquired a new position in shares of Suncor Energy in the 4th quarter worth approximately $236,000. Finally, Bank of New York Mellon Corp increased its holdings 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 in the last quarter. 67.37% of the stock is owned by institutional investors and hedge funds.

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Suncor Energy Trading Up 3.0 %

Shares of NYSE SU traded up $1.06 during midday trading on Friday, hitting $35.81. The stock had a trading volume of 5,939,600 shares, compared to its average volume of 4,890,390. The company's 50-day simple moving average is $38.29 and its 200 day simple moving average is $38.41. The firm has a market cap of $44.30 billion, a P/E ratio of 10.38, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11. Suncor Energy Inc. has a fifty-two week low of $33.81 and a fifty-two week high of $41.94. 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 (EPS) 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%. Research analysts anticipate 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. The ex-dividend date is Tuesday, March 4th. This represents a $1.60 annualized dividend and a dividend yield of 4.46%. Suncor Energy's dividend payout ratio is currently 45.51%.

Analyst Ratings Changes

A number of research firms recently weighed in on SU. Bank of America began coverage on Suncor Energy in a report on Wednesday, February 26th. They set a "neutral" rating for the company. Cibc World Mkts raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Tudor Pickering raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $66.00 price target on shares of Suncor Energy in a report on Tuesday, January 7th. Finally, Tudor, Pickering, Holt & Co. raised Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Suncor Energy currently has a consensus rating of "Moderate Buy" and an average price target of $58.00.

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.