Sei Investments Co. Buys 10,852 Shares of Suncor Energy Inc. (NYSE:SU)

Sei Investments Co. boosted its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 444,201 shares of the oil and gas producer's stock after buying an additional 10,852 shares during the period. Sei Investments Co.'s holdings in Suncor Energy were worth $15,849,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Sanctuary Advisors LLC grew its stake 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 during the last quarter. Jones Financial Companies Lllp boosted its holdings in Suncor Energy by 86.0% in the fourth quarter. Jones Financial Companies Lllp now owns 67,848 shares of the oil and gas producer's stock worth $2,421,000 after acquiring an additional 31,366 shares in the last quarter. Sage Investment Counsel LLC purchased a new stake in shares of Suncor Energy in the fourth quarter worth $300,000. J.W. Cole Advisors Inc. bought a new position in shares of Suncor Energy during the fourth quarter valued at $236,000. Finally, Bank of New York Mellon Corp raised its position in shares of Suncor Energy by 104.2% in the 4th quarter. Bank of New York Mellon Corp now owns 3,083,440 shares of the oil and gas producer's stock worth $110,017,000 after purchasing an additional 1,573,726 shares during the last quarter. Hedge funds and other institutional investors own 67.37% of the company's stock.

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Wall Street Analysts Forecast Growth

SU has been the topic of several recent analyst reports. StockNews.com raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Tuesday. Cibc World Mkts upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Morgan Stanley lowered shares of Suncor Energy from an "overweight" rating to an "equal weight" rating in a report on Monday, December 16th. Bank of America assumed coverage on Suncor Energy in a research report on Wednesday, February 26th. They issued a "neutral" rating on the stock. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $66.00 target price on shares of Suncor Energy in a report on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $59.20.

Suncor Energy Stock Performance

Shares of SU stock traded down $0.18 on Wednesday, reaching $38.88. The stock had a trading volume of 421,880 shares, compared to its average volume of 4,373,722. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33. Suncor Energy Inc. has a 1 year low of $33.81 and a 1 year high of $41.95. The stock has a market cap of $48.09 billion, a P/E ratio of 11.26, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11. The company has a 50 day simple moving average of $38.11 and a 200 day simple moving average of $38.22.

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 for the quarter, beating analysts' consensus estimates of $0.82 by $0.07. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. Equities research analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th were issued a $0.399 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date was Tuesday, March 4th. Suncor Energy's payout ratio is 45.51%.

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.