World Investment Advisors Has $867,000 Position in Suncor Energy Inc. (NYSE:SU)

World Investment Advisors grew its stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 55.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,310 shares of the oil and gas producer's stock after acquiring an additional 8,669 shares during the period. World Investment Advisors' holdings in Suncor Energy were worth $867,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of SU. HHM Wealth Advisors LLC boosted its holdings in shares of 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 valued at $30,000 after buying an additional 325 shares during the period. Crowley Wealth Management Inc. acquired a new position in shares of Suncor Energy during the fourth quarter valued at approximately $35,000. Lee Danner & Bass Inc. acquired a new position in shares of Suncor Energy during the fourth quarter valued at approximately $36,000. Golden State Wealth Management LLC bought a new stake in Suncor Energy during the fourth quarter worth approximately $39,000. Finally, Stonebridge Financial Group LLC acquired a new stake in Suncor Energy in the fourth quarter worth approximately $45,000. Institutional investors own 67.37% of the company's stock.

Suncor Energy Trading Up 3.9 %

Suncor Energy stock traded up $1.27 during midday trading on Friday, reaching $33.48. The stock had a trading volume of 6,236,798 shares, compared to its average volume of 4,495,517. The firm's fifty day simple moving average is $37.20 and its two-hundred day simple moving average is $37.97. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. Suncor Energy Inc. has a twelve month low of $30.79 and a twelve month high of $41.95. The firm has a market cap of $41.42 billion, a price-to-earnings ratio of 9.70, a PEG ratio of 2.94 and a beta of 0.79.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 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%. 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 announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.399 per share. The ex-dividend date was Tuesday, March 4th. This represents a $1.60 annualized dividend and a yield of 4.77%. Suncor Energy's dividend payout ratio (DPR) is presently 45.51%.

Analyst Ratings Changes

A number of analysts have recently commented on SU shares. Scotiabank raised Suncor Energy to a "hold" rating in a research note on Wednesday, March 19th. Morgan Stanley lowered shares of Suncor Energy from an "overweight" rating to an "equal weight" rating in a research report on Monday, December 16th. Tudor Pickering upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. 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. Finally, StockNews.com upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Suncor Energy presently has an average rating of "Moderate Buy" and a consensus target price of $59.20.

About Suncor Energy

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.