Segall Bryant & Hamill LLC Boosts Holdings in Suncor Energy Inc. (NYSE:SU)

Segall Bryant & Hamill LLC raised its position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 10.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 360,039 shares of the oil and gas producer's stock after acquiring an additional 34,734 shares during the quarter. Segall Bryant & Hamill LLC's holdings in Suncor Energy were worth $12,846,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Prudential Financial Inc. raised its stake in shares of Suncor Energy by 68.8% in the fourth quarter. Prudential Financial Inc. now owns 111,222 shares of the oil and gas producer's stock valued at $3,968,000 after acquiring an additional 45,340 shares in the last quarter. Crowley Wealth Management Inc. purchased a new stake in shares of Suncor Energy during the fourth quarter worth approximately $35,000. Vanguard Group Inc. lifted its stake in Suncor Energy by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 53,019,357 shares of the oil and gas producer's stock worth $1,892,526,000 after acquiring an additional 323,714 shares during the last quarter. Stevens Capital Management LP acquired a new position in Suncor Energy during the 4th quarter worth approximately $252,000. Finally, Guardian Partners Inc. purchased a new stake in shares of Suncor Energy in the 4th quarter valued at approximately $10,311,000. 67.37% of the stock is currently owned by hedge funds and other institutional investors.

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Suncor Energy Stock Performance

NYSE SU traded down $0.27 on Friday, reaching $38.36. The stock had a trading volume of 2,789,133 shares, compared to its average volume of 4,405,989. The stock has a market cap of $47.45 billion, a P/E ratio of 11.12, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11. Suncor Energy Inc. has a 12-month low of $33.81 and a 12-month high of $41.95. The business's 50-day moving average price is $38.13 and its 200 day moving average price is $38.19. 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 (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 net margin of 11.80% and a return on equity of 15.37%. As a group, 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. Stockholders of record on Tuesday, March 4th were issued a $0.399 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.16%. Suncor Energy's payout ratio is 45.51%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. StockNews.com raised Suncor Energy from a "hold" rating to a "buy" rating in a research report on Saturday, March 22nd. Scotiabank upgraded Suncor Energy to a "hold" rating in a report on Wednesday, March 19th. Royal Bank of Canada restated an "outperform" rating and set a $66.00 target price on shares of Suncor Energy in a research note on Tuesday, January 7th. Finally, Bank of America began coverage on shares of Suncor Energy in a research note on Wednesday, February 26th. They issued a "neutral" rating on the stock. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.