Suncor Energy Inc. (NYSE:SU) Shares Purchased by First Trust Advisors LP

First Trust Advisors LP grew its holdings in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 133.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 345,595 shares of the oil and gas producer's stock after purchasing an additional 197,512 shares during the quarter. First Trust Advisors LP's holdings in Suncor Energy were worth $12,332,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. HHM Wealth Advisors LLC boosted its position in Suncor Energy by 62.1% during the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer's stock worth $30,000 after acquiring an additional 325 shares during the last quarter. Crowley Wealth Management Inc. purchased a new stake in shares of Suncor Energy in the fourth quarter valued at approximately $35,000. Lee Danner & Bass Inc. acquired a new stake in shares of Suncor Energy in the fourth quarter valued at approximately $36,000. Golden State Wealth Management LLC purchased a new position in Suncor Energy during the fourth quarter worth approximately $39,000. Finally, Covestor Ltd boosted its stake in Suncor Energy by 30.5% during the fourth quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock worth $39,000 after buying an additional 256 shares during the last quarter. Hedge funds and other institutional investors own 67.37% of the company's stock.

Suncor Energy Trading Down 0.1 %

SU opened at $35.58 on Monday. Suncor Energy Inc. has a 52 week low of $30.79 and a 52 week high of $41.95. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. The business has a fifty day simple moving average of $36.23 and a 200-day simple moving average of $37.67. The firm has a market cap of $43.87 billion, a P/E ratio of 10.31, a P/E/G ratio of 2.94 and a beta of 0.79.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS 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%. On average, equities analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th were paid a dividend of $0.399 per share. This represents a $1.60 annualized dividend and a yield of 4.49%. The ex-dividend date of this dividend was Tuesday, March 4th. Suncor Energy's payout ratio is currently 45.51%.

Analysts Set New Price Targets

SU has been the topic of several analyst reports. Tudor, Pickering, Holt & Co. upgraded Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Tudor Pickering upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. StockNews.com downgraded shares of Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Cibc World Mkts upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Finally, Scotiabank raised Suncor Energy to a "hold" rating in a research note on Wednesday, March 19th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $59.20.

Suncor Energy Company 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.

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