Mufg Securities Canada LTD. Boosts Holdings in Suncor Energy Inc. (NYSE:SU)

Mufg Securities Canada LTD. raised its holdings in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 70.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,919,654 shares of the oil and gas producer's stock after purchasing an additional 792,130 shares during the period. Suncor Energy makes up about 2.5% of Mufg Securities Canada LTD.'s investment portfolio, making the stock its 14th largest holding. Mufg Securities Canada LTD. owned 0.15% of Suncor Energy worth $68,477,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SU. HHM Wealth Advisors LLC boosted its stake in shares of Suncor Energy by 62.1% in the 4th 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 during the last quarter. Crowley Wealth Management Inc. purchased a new position in Suncor Energy in the fourth quarter worth about $35,000. Lee Danner & Bass Inc. bought a new stake in shares of Suncor Energy during the 4th quarter valued at about $36,000. Golden State Wealth Management LLC purchased a new stake in shares of Suncor Energy during the 4th quarter valued at about $39,000. Finally, Stonebridge Financial Group LLC bought a new position in shares of Suncor Energy in the 4th quarter worth approximately $45,000. 67.37% of the stock is currently owned by institutional investors.

Suncor Energy Stock Down 0.7 %

Shares of SU stock traded down $0.27 on Friday, hitting $38.36. The stock had a trading volume of 2,789,133 shares, compared to its average volume of 4,405,989. Suncor Energy Inc. has a one year low of $33.81 and a one year high of $41.95. The business has a 50 day moving average price of $38.13 and a 200 day moving average price of $38.17. The company has a market cap of $47.45 billion, a PE ratio of 11.12, a P/E/G ratio of 2.94 and a beta of 1.11. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21.

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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 EPS for the quarter, beating 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%. Research analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th were given a dividend of $0.399 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.60 annualized dividend and a yield of 4.16%. Suncor Energy's dividend payout ratio (DPR) is presently 45.51%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SU. Morgan Stanley cut shares of Suncor Energy from an "overweight" rating to an "equal weight" rating in a research note on Monday, December 16th. Tudor Pickering raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Cibc World Mkts raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $66.00 price target on shares of Suncor Energy in a report on Tuesday, January 7th. Finally, Scotiabank raised shares of Suncor Energy to a "hold" rating in a research note on Wednesday, March 19th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $59.20.

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.