Susquehanna Fundamental Investments LLC Acquires Shares of 279,600 Suncor Energy Inc. (NYSE:SU)

Susquehanna Fundamental Investments LLC bought a new position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 279,600 shares of the oil and gas producer's stock, valued at approximately $9,976,000.

A number of other large investors also recently modified their holdings of the stock. HHM Wealth Advisors LLC raised its position in Suncor Energy by 62.1% in the 4th quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer's stock worth $30,000 after purchasing an additional 325 shares during the last quarter. Crowley Wealth Management Inc. bought a new stake in shares of Suncor Energy during the fourth quarter worth $35,000. Lee Danner & Bass Inc. acquired a new position in shares of Suncor Energy during the fourth quarter valued at $36,000. Golden State Wealth Management LLC bought a new position in Suncor Energy in the fourth quarter valued at about $39,000. Finally, Covestor Ltd increased its position in Suncor Energy by 30.5% in the fourth quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock worth $39,000 after purchasing an additional 256 shares during the period. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SU has been the topic of several recent research reports. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $66.00 target price on shares of Suncor Energy in a research note on Tuesday, January 7th. Tudor Pickering raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. StockNews.com cut shares of Suncor Energy from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Scotiabank upgraded Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Finally, Bank of America initiated coverage on Suncor Energy in a report on Wednesday, February 26th. They issued a "neutral" rating for the company. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $59.20.

Suncor Energy Stock Down 0.1 %

NYSE:SU opened at $35.58 on Friday. Suncor Energy Inc. has a 1 year low of $30.79 and a 1 year high of $41.95. The stock has a 50-day moving average price of $36.23 and a two-hundred day moving average price of $37.69. The stock has a market cap of $44.02 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 2.94 and a beta of 0.79. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (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%. 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th were issued a dividend of $0.399 per share. The ex-dividend date was Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.49%. Suncor Energy's payout ratio is 45.51%.

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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