Panview Asian Equity Master Fund Has $11.34 Million Stake in Suncor Energy Inc. (NYSE:SU)

Panview Asian Equity Master Fund lessened its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 4.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 354,000 shares of the oil and gas producer’s stock after selling 17,000 shares during the quarter. Suncor Energy accounts for approximately 7.6% of Panview Asian Equity Master Fund’s holdings, making the stock its 6th biggest holding. Panview Asian Equity Master Fund’s holdings in Suncor Energy were worth $11,342,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC lifted its holdings in Suncor Energy by 24.0% during the 3rd quarter. CWM LLC now owns 3,361 shares of the oil and gas producer’s stock valued at $116,000 after purchasing an additional 650 shares during the last quarter. AE Wealth Management LLC boosted its stake in Suncor Energy by 8.8% in the third quarter. AE Wealth Management LLC now owns 8,926 shares of the oil and gas producer’s stock worth $307,000 after purchasing an additional 723 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Suncor Energy by 25.8% during the third quarter. IFP Advisors Inc now owns 2,439 shares of the oil and gas producer’s stock worth $84,000 after purchasing an additional 500 shares during the last quarter. Global Retirement Partners LLC increased its stake in shares of Suncor Energy by 65.6% in the third quarter. Global Retirement Partners LLC now owns 1,676 shares of the oil and gas producer’s stock valued at $53,000 after buying an additional 664 shares in the last quarter. Finally, Riverview Trust Co acquired a new stake in shares of Suncor Energy in the third quarter valued at $87,000. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Stock Up 0.2 %

Shares of Suncor Energy stock traded up $0.07 on Tuesday, reaching $39.15. 2,884,864 shares of the company were exchanged, compared to its average volume of 4,319,148. The company has a market capitalization of $50.40 billion, a price-to-earnings ratio of 8.33, a PEG ratio of 3.40 and a beta of 1.13. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average of $36.03 and a 200 day moving average of $33.79. Suncor Energy Inc. has a one year low of $27.59 and a one year high of $39.34.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its earnings results on Wednesday, February 21st. The oil and gas producer reported $0.93 EPS for the quarter, topping the consensus estimate of $0.80 by $0.13. Suncor Energy had a net margin of 16.33% and a return on equity of 16.08%. The business had revenue of $10.39 billion during the quarter, compared to the consensus estimate of $8.46 billion. During the same quarter in the previous year, the firm posted $1.33 EPS. On average, equities research analysts forecast that Suncor Energy Inc. will post 3.78 earnings per share for the current year.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 4th were paid a $0.406 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 4.15%. This is a boost from Suncor Energy’s previous quarterly dividend of $0.39. The ex-dividend date was Friday, March 1st. Suncor Energy’s dividend payout ratio is presently 34.26%.

Analyst Ratings Changes

Several brokerages recently issued reports on SU. Morgan Stanley upped their price target on shares of Suncor Energy from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. StockNews.com upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $52.00.

Suncor Energy 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.