Todd Asset Management LLC purchased a new stake in Suncor Energy Inc. (NYSE:SU – Free Report) (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 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.
View Our Latest Research Report on SU
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.
Featured Stories
- Five stocks we like better than Suncor Energy
- Consumer Staples Stocks, Explained
- MarketBeat Week in Review – 4/29 – 5/3
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- Apple’s Earnings Show Investors Its Strength and Its Weakness
- What is the S&P 500 and How It is Distinct from Other Indexes
- Bargain Alert: 3 Large Caps With Extremely Oversold RSIs
Want to see what other hedge funds are holding SU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Suncor Energy Inc. (NYSE:SU – Free Report) (TSE:SU).
Receive News & Ratings for Suncor Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy and related companies with MarketBeat.com's FREE daily email newsletter.