87,500 Shares in Suncor Energy Inc. (NYSE:SU) Acquired by Todd Asset Management LLC

Todd Asset Management LLC purchased a new stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 87,500 shares of the oil and gas producer’s stock, valued at approximately $2,804,000.

Other large investors have also recently modified their holdings of the company. Pinnacle Associates Ltd. lifted its stake in shares of Suncor Energy by 0.6% in the third quarter. Pinnacle Associates Ltd. now owns 47,669 shares of the oil and gas producer’s stock worth $1,639,000 after acquiring an additional 300 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Suncor Energy by 43.2% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,038 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 313 shares during the last quarter. Gradient Investments LLC increased its position in shares of Suncor Energy by 1.0% during the third quarter. Gradient Investments LLC now owns 33,205 shares of the oil and gas producer’s stock worth $1,142,000 after buying an additional 345 shares during the period. First Financial Corp IN raised its stake in Suncor Energy by 3.3% during the fourth quarter. First Financial Corp IN now owns 12,422 shares of the oil and gas producer’s stock worth $398,000 after buying an additional 393 shares during the last quarter. Finally, Procyon Advisors LLC lifted its holdings in Suncor Energy by 4.6% in the fourth quarter. Procyon Advisors LLC now owns 9,412 shares of the oil and gas producer’s stock valued at $302,000 after buying an additional 413 shares during the period. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Stock Up 0.5 %

Shares of NYSE SU traded up $0.19 during midday trading on Friday, hitting $38.24. 3,435,852 shares of the stock traded hands, compared to its average volume of 3,786,945. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.88 and a current ratio of 1.44. Suncor Energy Inc. has a one year low of $27.59 and a one year high of $39.73. The business has a 50 day moving average price of $36.94 and a two-hundred day moving average price of $34.05. The company has a market cap of $49.22 billion, a PE ratio of 8.14, a P/E/G ratio of 3.36 and a beta of 1.11.

Suncor Energy (NYSE:SU) (TSE:SU) last posted 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 company had revenue of $10.39 billion during the quarter, compared to the consensus estimate of $8.46 billion. During the same period in the previous year, the firm posted $1.33 earnings per share. On average, equities analysts predict that Suncor Energy Inc. will post 3.77 EPS for the current year.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 4th were given a $0.406 dividend. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.39. This represents a $1.62 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend was Friday, March 1st. Suncor Energy’s dividend payout ratio is presently 34.26%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SU. Morgan Stanley lifted their price objective on 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 Suncor Energy from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.