Yaupon Capital Management LP lifted its holdings in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 61.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,260,961 shares of the oil and gas producer's stock after acquiring an additional 481,681 shares during the period. Suncor Energy accounts for approximately 1.9% of Yaupon Capital Management LP's holdings, making the stock its 7th biggest holding. Yaupon Capital Management LP owned 0.10% of Suncor Energy worth $44,991,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Covestor Ltd grew its stake in shares of Suncor Energy by 30.5% during the fourth quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock valued at $39,000 after buying an additional 256 shares during the last quarter. Principal Securities Inc. lifted its holdings in Suncor Energy by 2.2% during the 4th quarter. Principal Securities Inc. now owns 12,423 shares of the oil and gas producer's stock valued at $443,000 after buying an additional 265 shares in the last quarter. Stifel Financial Corp boosted its position in Suncor Energy by 0.3% in the 4th quarter. Stifel Financial Corp now owns 95,508 shares of the oil and gas producer's stock valued at $3,408,000 after buying an additional 265 shares during the period. X Square Capital LLC grew its stake in Suncor Energy by 0.3% in the 4th quarter. X Square Capital LLC now owns 82,720 shares of the oil and gas producer's stock worth $2,951,000 after acquiring an additional 267 shares in the last quarter. Finally, UMB Bank n.a. increased its position in shares of Suncor Energy by 27.5% during the fourth quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer's stock worth $50,000 after acquiring an additional 300 shares during the period. Hedge funds and other institutional investors own 67.37% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the company. Tudor, Pickering, Holt & Co. upgraded Suncor Energy from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. Tudor Pickering raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note 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. Bank of America started coverage on Suncor Energy in a research note on Wednesday, February 26th. They set a "neutral" rating for the company. Finally, Scotiabank upgraded 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 given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $59.20.
Check Out Our Latest Research Report on SU
Suncor Energy Stock Performance
Shares of Suncor Energy stock traded up $0.51 during midday trading on Thursday, hitting $35.59. The company had a trading volume of 3,463,683 shares, compared to its average volume of 4,474,906. The stock has a market cap of $44.03 billion, a price-to-earnings ratio of 10.32, a PEG ratio of 2.94 and a beta of 0.79. Suncor Energy Inc. has a 12-month low of $30.79 and a 12-month 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 company has a fifty day simple moving average of $36.31 and a 200 day simple moving average of $37.73.
Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) for the quarter, topping 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%. As a group, analysts predict 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 was paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th were paid a $0.399 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.48%. The ex-dividend date of this dividend was Tuesday, March 4th. Suncor Energy's dividend payout ratio is currently 45.51%.
About Suncor Energy
(
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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