Wealthfront Advisers LLC purchased a new stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 12,214 shares of the oil and gas producer's stock, valued at approximately $436,000.
Several other institutional investors also recently bought and sold shares of the stock. Inspire Advisors LLC increased its position in shares of Suncor Energy by 7.9% in the fourth quarter. Inspire Advisors LLC now owns 15,208 shares of the oil and gas producer's stock valued at $543,000 after buying an additional 1,107 shares in the last quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. increased its position in shares of Suncor Energy by 1.5% in the fourth quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 68,525 shares of the oil and gas producer's stock valued at $2,445,000 after buying an additional 1,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Suncor Energy by 20.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,046,513 shares of the oil and gas producer's stock valued at $37,336,000 after buying an additional 178,727 shares in the last quarter. Ruffer LLP increased its position in shares of Suncor Energy by 19.9% in the fourth quarter. Ruffer LLP now owns 941,697 shares of the oil and gas producer's stock valued at $33,608,000 after buying an additional 156,496 shares in the last quarter. Finally, Argentarii LLC purchased a new stake in shares of Suncor Energy in the fourth quarter valued at approximately $344,000. 67.37% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several analysts recently commented on the company. Tudor Pickering upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Tudor, Pickering, Holt & Co. upgraded Suncor Energy from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Royal Bank of Canada reiterated an "outperform" rating and set a $66.00 price target on shares of Suncor Energy in a research report on Tuesday, January 7th. Bank of America assumed coverage on Suncor Energy in a research report on Wednesday, February 26th. They set a "neutral" rating for the company. Finally, Cibc World Mkts upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $58.00.
Get Our Latest Stock Analysis on SU
Suncor Energy Stock Up 0.5 %
Shares of SU traded up $0.20 during mid-day trading on Thursday, reaching $37.71. The company's stock had a trading volume of 6,502,402 shares, compared to its average volume of 4,206,915. Suncor Energy Inc. has a 12-month low of $33.81 and a 12-month high of $41.95. The stock has a market cap of $46.65 billion, a PE ratio of 10.93, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. The company's 50 day moving average is $38.27 and its 200 day moving average is $38.17.
Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its quarterly earnings data 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 return on equity of 15.37% and a net margin of 11.80%. Equities analysts anticipate that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.
Suncor Energy Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th will be issued a $0.399 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.23%. Suncor Energy's 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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