11,846 Shares in Suncor Energy Inc. (NYSE:SU) Acquired by Castlekeep Investment Advisors LLC

Castlekeep Investment Advisors LLC purchased a new stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,846 shares of the oil and gas producer's stock, valued at approximately $423,000.

Several other large investors have also recently bought and sold shares of SU. HHM Wealth Advisors LLC increased its position in Suncor Energy by 62.1% during the 4th quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer's stock valued at $30,000 after purchasing an additional 325 shares during the period. Crowley Wealth Management Inc. bought a new position in shares of Suncor Energy in the fourth quarter valued at $35,000. Lee Danner & Bass Inc. bought a new position in Suncor Energy in the 4th quarter valued at about $36,000. Golden State Wealth Management LLC purchased a new position in shares of Suncor Energy during the fourth quarter valued at approximately $39,000. Finally, Covestor Ltd grew its stake in shares of Suncor Energy by 30.5% in the 4th quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock worth $39,000 after acquiring an additional 256 shares in the last quarter. 67.37% of the stock is currently owned by institutional investors.

Suncor Energy Trading Up 2.1 %

NYSE SU traded up $0.72 during trading on Friday, hitting $34.97. The company had a trading volume of 4,911,108 shares, compared to its average volume of 4,576,235. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. Suncor Energy Inc. has a one year low of $30.79 and a one year high of $41.95. The company's fifty day moving average is $35.60 and its 200-day moving average is $37.45. The company has a market cap of $43.12 billion, a price-to-earnings ratio of 10.14, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.05. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. The firm had revenue of $9.10 billion for the quarter, compared to analysts' expectations of $13.39 billion. During the same quarter in the previous year, the business posted $1.41 EPS. On average, sell-side analysts predict that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be issued a $0.4133 dividend. This is a positive change from Suncor Energy's previous quarterly dividend of $0.40. This represents a $1.65 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date of this dividend is Wednesday, June 4th. Suncor Energy's payout ratio is presently 45.24%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SU. Tudor Pickering upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Scotiabank upgraded Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Tudor, Pickering, Holt & Co. upgraded Suncor Energy from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Bank of America began coverage on Suncor Energy in a research note on Wednesday, February 26th. They issued a "neutral" rating on the stock. Finally, 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. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.20.

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.