SVB Wealth LLC acquired a new stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 23,105 shares of the oil and gas producer's stock, valued at approximately $824,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Principal Securities Inc. raised its position in shares of Suncor Energy by 2.2% in the fourth quarter. Principal Securities Inc. now owns 12,423 shares of the oil and gas producer's stock worth $443,000 after acquiring an additional 265 shares during the period. UMB Bank n.a. increased its stake in shares of Suncor Energy by 27.5% in the 4th quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer's stock valued at $50,000 after purchasing an additional 300 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Suncor Energy by 0.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 112,925 shares of the oil and gas producer's stock worth $4,169,000 after purchasing an additional 321 shares during the period. 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 purchasing an additional 325 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB grew its holdings in Suncor Energy by 11.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 3,142 shares of the oil and gas producer's stock valued at $112,000 after purchasing an additional 333 shares during the period. Institutional investors and hedge funds own 67.37% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the company. Tudor Pickering raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Morgan Stanley cut shares of Suncor Energy from an "overweight" rating to an "equal weight" rating in a research report on Monday, December 16th. StockNews.com upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Thursday. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Finally, Cibc World Mkts raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $58.00.
Check Out Our Latest Stock Report on Suncor Energy
Suncor Energy Trading Up 3.0 %
SU stock traded up $1.06 during trading on Friday, reaching $35.81. 5,915,824 shares of the stock were exchanged, compared to its average volume of 4,872,255. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $44.45 billion, a price-to-earnings ratio of 10.38, a P/E/G ratio of 2.94 and a beta of 1.12. The business has a 50 day moving average price of $38.28 and a 200-day moving average price of $38.46. Suncor Energy Inc. has a 1 year low of $33.81 and a 1 year high of $41.94.
Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS 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 15.37%. On average, research analysts predict that Suncor Energy Inc. will post 3.42 earnings per share for the current year.
Suncor Energy Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th will be given a $0.399 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a yield of 4.46%. Suncor Energy's payout ratio is currently 45.22%.
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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