Pacific Point Advisors LLC Takes Position in Suncor Energy Inc. (NYSE:SU)

Pacific Point 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 (SEC). The fund purchased 7,235 shares of the oil and gas producer's stock, valued at approximately $276,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. HHM Wealth Advisors LLC raised its position in Suncor Energy by 62.1% during 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. acquired a new position in Suncor Energy during the fourth quarter valued at approximately $35,000. Lee Danner & Bass Inc. acquired a new position in Suncor Energy during the fourth quarter valued at approximately $36,000. Golden State Wealth Management LLC acquired a new position in Suncor Energy during the fourth quarter valued at approximately $39,000. Finally, Covestor Ltd raised its position in Suncor Energy by 30.5% during the fourth quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock valued at $39,000 after purchasing an additional 256 shares in the last quarter. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SU has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Suncor Energy from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Bank of America assumed coverage on shares of Suncor Energy in a research note on Wednesday, February 26th. They set a "neutral" rating on the stock. Scotiabank raised shares of Suncor Energy to a "hold" rating in a research note on Wednesday, March 19th. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. 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, six have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $64.67.

Suncor Energy Trading Down 0.1%

Shares of Suncor Energy stock traded down $0.02 during trading on Tuesday, hitting $35.69. The company's stock had a trading volume of 2,617,327 shares, compared to its average volume of 4,826,045. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. Suncor Energy Inc. has a 52 week low of $30.79 and a 52 week high of $41.94. The stock has a market cap of $44.01 billion, a price-to-earnings ratio of 10.34, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79. The stock has a 50-day moving average price of $35.51 and a two-hundred day moving average price of $37.19.

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

Suncor Energy Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.65 annualized dividend and a yield of 4.63%. Suncor Energy's payout ratio is presently 45.53%.

About Suncor Energy

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.