Nomura Holdings Inc. Makes New Investment in Suncor Energy Inc. (NYSE:SU)

Nomura Holdings Inc. bought a new position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,199 shares of the oil and gas producer's stock, valued at approximately $257,000.

Other hedge funds have also recently modified their holdings of the company. HHM Wealth Advisors LLC grew its position in shares of Suncor Energy by 62.1% in the fourth 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 in the last quarter. Crowley Wealth Management Inc. purchased a new stake in Suncor Energy in the 4th quarter valued at $35,000. Lee Danner & Bass Inc. acquired a new stake in shares of Suncor Energy in the 4th quarter worth $36,000. Golden State Wealth Management LLC purchased a new position in shares of Suncor Energy during the 4th quarter worth $39,000. Finally, Covestor Ltd boosted its position in shares of Suncor Energy by 30.5% during the 4th quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock valued at $39,000 after acquiring an additional 256 shares during the last quarter. Institutional investors and hedge funds own 67.37% of the company's stock.

Wall Street Analyst Weigh In

SU has been the subject of a number of research analyst reports. Cibc World Mkts upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Tudor Pickering raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Bank of America assumed coverage on shares of Suncor Energy in a research report on Wednesday, February 26th. They set a "neutral" rating for the company. Scotiabank upgraded shares of Suncor Energy to a "hold" rating in a report on Wednesday, March 19th. Finally, Tudor, Pickering, Holt & Co. raised Suncor Energy from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Five research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $64.67.

Suncor Energy Trading Down 0.4%

Shares of Suncor Energy stock traded down $0.14 during trading hours on Wednesday, reaching $35.58. The stock had a trading volume of 427,629 shares, compared to its average volume of 4,781,324. The firm has a market capitalization of $43.87 billion, a price-to-earnings ratio of 10.32, a P/E/G ratio of 2.94 and a beta of 0.79. Suncor Energy Inc. has a 1 year low of $30.79 and a 1 year high of $41.94. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The firm has a 50 day simple moving average of $35.47 and a two-hundred day simple moving average of $37.18.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.05. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. The company 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 firm posted $1.41 earnings per share. As a group, equities research analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be issued a dividend of $0.4133 per share. This is a positive change from Suncor Energy's previous quarterly dividend of $0.40. This represents a $1.65 annualized dividend and a yield of 4.65%. The ex-dividend date of this dividend is Wednesday, June 4th. Suncor Energy's dividend payout ratio (DPR) is currently 45.53%.

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.