Scott & Selber Inc. purchased a new stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 59,139 shares of the oil and gas producer’s stock, valued at approximately $1,940,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SU. Brinker Capital Inc. lifted its holdings in shares of Suncor Energy by 14.2% in the 3rd quarter. Brinker Capital Inc. now owns 139,390 shares of the oil and gas producer’s stock worth $4,402,000 after purchasing an additional 17,325 shares in the last quarter. Locust Wood Capital Advisers LLC raised its position in Suncor Energy by 26.9% in the 3rd quarter. Locust Wood Capital Advisers LLC now owns 1,509,266 shares of the oil and gas producer’s stock valued at $47,663,000 after buying an additional 319,515 shares during the last quarter. Cibc Bank USA purchased a new stake in Suncor Energy in the 3rd quarter valued at $256,000. Moors & Cabot Inc. raised its position in Suncor Energy by 5.2% in the 3rd quarter. Moors & Cabot Inc. now owns 7,343 shares of the oil and gas producer’s stock valued at $230,000 after buying an additional 361 shares during the last quarter. Finally, Arcadia Investment Management Corp MI raised its position in Suncor Energy by 3.5% in the 3rd quarter. Arcadia Investment Management Corp MI now owns 104,086 shares of the oil and gas producer’s stock valued at $3,287,000 after buying an additional 3,485 shares during the last quarter. Institutional investors own 65.61% of the company’s stock.
Several brokerages have recently issued reports on SU. Raymond James set a $48.00 target price on Suncor Energy and gave the company a “buy” rating in a research report on Saturday, November 2nd. Zacks Investment Research lowered Suncor Energy from a “buy” rating to a “hold” rating and set a $34.00 target price for the company. in a research report on Monday, February 10th. Royal Bank of Canada reaffirmed a “buy” rating and set a $47.00 target price on shares of Suncor Energy in a research report on Monday, January 6th. Finally, ValuEngine raised Suncor Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $48.14.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, March 3rd. This represents a $1.40 annualized dividend and a yield of 4.59%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.32. Suncor Energy’s dividend payout ratio (DPR) is 59.43%.
Suncor Energy Company Profile
Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.
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