Suncor Energy (NYSE:SU) Rating Increased to Buy at Tudor, Pickering, Holt & Co.

Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy (NYSE:SU - Free Report) TSE: SU from a hold rating to a buy rating in a research report sent to investors on Monday morning, MarketBeat reports.

SU has been the subject of several other research reports. StockNews.com raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a research note on Tuesday, January 14th. Morgan Stanley cut Suncor Energy from an "overweight" rating to an "equal weight" rating in a report on Monday, December 16th. Desjardins raised Suncor Energy from a "hold" rating to a "buy" rating in a research report on Thursday, November 14th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $66.00 target price on shares of Suncor Energy in a research report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Suncor Energy presently has a consensus rating of "Moderate Buy" and an average target price of $58.00.

Suncor Energy Trading Up 0.7 %

NYSE:SU traded up $0.27 during midday trading on Monday, hitting $39.91. 1,534,947 shares of the company traded hands, compared to its average volume of 4,590,307. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24. The firm's fifty day moving average is $37.70 and its 200-day moving average is $38.58. The firm has a market capitalization of $49.67 billion, a P/E ratio of 11.58, a P/E/G ratio of 2.96 and a beta of 1.12. Suncor Energy has a 12-month low of $31.31 and a 12-month high of $41.94.

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 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.33%. On average, sell-side analysts predict that Suncor Energy will post 3.25 EPS for the current year.

Suncor Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th will be paid a $0.399 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date is Tuesday, March 4th. Suncor Energy's dividend payout ratio (DPR) is presently 46.67%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SU. Assenagon Asset Management S.A. increased its holdings in shares of Suncor Energy by 1,324.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,469,008 shares of the oil and gas producer's stock valued at $123,774,000 after acquiring an additional 3,225,543 shares during the period. Principal Financial Group Inc. boosted its position in Suncor Energy by 39.9% during the fourth quarter. Principal Financial Group Inc. now owns 9,706,616 shares of the oil and gas producer's stock valued at $346,298,000 after purchasing an additional 2,767,043 shares in the last quarter. Jupiter Asset Management Ltd. grew its stake in Suncor Energy by 2,061.8% in the fourth quarter. Jupiter Asset Management Ltd. now owns 2,438,291 shares of the oil and gas producer's stock valued at $86,990,000 after purchasing an additional 2,325,503 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Suncor Energy by 97.4% in the fourth quarter. Fisher Asset Management LLC now owns 3,734,572 shares of the oil and gas producer's stock worth $133,250,000 after purchasing an additional 1,842,791 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Suncor Energy by 23.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,695,560 shares of the oil and gas producer's stock valued at $357,827,000 after buying an additional 1,829,936 shares during the last quarter. Hedge funds and other institutional investors own 67.37% of the company's stock.

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.