Envestnet Portfolio Solutions Inc. grew its position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 17.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 71,712 shares of the oil and gas producer's stock after purchasing an additional 10,644 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Suncor Energy were worth $2,559,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Sanctuary Advisors LLC lifted its holdings in shares of Suncor Energy by 32.3% in the third quarter. Sanctuary Advisors LLC now owns 82,204 shares of the oil and gas producer's stock valued at $3,035,000 after purchasing an additional 20,081 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of 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 valued at $2,421,000 after purchasing an additional 31,366 shares in the last quarter. Sage Investment Counsel LLC bought a new stake in Suncor Energy during the fourth quarter worth about $300,000. Intech Investment Management LLC raised its holdings in Suncor Energy by 1,345.8% during the third quarter. Intech Investment Management LLC now owns 468,415 shares of the oil and gas producer's stock worth $17,309,000 after acquiring an additional 436,016 shares in the last quarter. Finally, J.W. Cole Advisors Inc. bought a new stake in Suncor Energy during the fourth quarter worth about $236,000. 67.37% of the stock is currently owned by institutional investors.
Suncor Energy Stock Performance
NYSE SU traded down $0.26 during trading on Friday, reaching $37.46. 3,669,706 shares of the company's stock were exchanged, compared to its average volume of 4,215,746. Suncor Energy Inc. has a fifty-two week low of $33.81 and a fifty-two week high of $41.95. The business has a 50 day moving average price of $38.22 and a 200-day moving average price of $38.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. The stock has a market capitalization of $46.34 billion, a P/E ratio of 10.86, a PEG ratio of 2.94 and a beta of 1.11.
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 EPS for the quarter, beating 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%. Sell-side analysts forecast that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.
Suncor Energy Cuts Dividend
The company also recently announced 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. This represents a $1.60 annualized dividend and a dividend yield of 4.26%. The ex-dividend date of this dividend is Tuesday, March 4th. Suncor Energy's payout ratio is 45.51%.
Analyst Ratings Changes
Several analysts recently issued reports on the company. Tudor Pickering upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Cibc World Mkts upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Royal Bank of Canada reiterated an "outperform" rating and set a $66.00 target price on shares of Suncor Energy in a report on Tuesday, January 7th. Morgan Stanley lowered Suncor Energy from an "overweight" rating to an "equal weight" rating in a report on Monday, December 16th. Finally, StockNews.com upgraded Suncor Energy from a "hold" rating to a "buy" rating in a report on Saturday. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $58.00.
Check Out Our Latest Stock Report on Suncor Energy
Suncor Energy Company Profile
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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.
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