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

Castlekeep Investment Advisors LLC acquired a new stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,846 shares of the oil and gas producer's stock, valued at approximately $423,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SU. Merit Financial Group LLC bought a new stake in shares of Suncor Energy during the fourth quarter valued at about $295,000. UMB Bank n.a. grew its holdings in Suncor Energy by 27.5% during the fourth quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer's stock worth $50,000 after acquiring an additional 300 shares during the period. SG Americas Securities LLC acquired a new position in Suncor Energy during the fourth quarter worth about $264,000. Stonehage Fleming Financial Services Holdings Ltd grew its holdings in Suncor Energy by 8.6% during the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 26,939 shares of the oil and gas producer's stock worth $961,000 after acquiring an additional 2,124 shares during the period. Finally, Blue Trust Inc. grew its holdings in Suncor Energy by 87.5% during the fourth quarter. Blue Trust Inc. now owns 9,599 shares of the oil and gas producer's stock worth $354,000 after acquiring an additional 4,479 shares during the period. 67.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Tudor Pickering raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a 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. 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. 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. Finally, Scotiabank raised shares of Suncor Energy to a "hold" rating in a research note on Wednesday, March 19th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Suncor Energy presently has an average rating of "Moderate Buy" and a consensus target price of $64.67.

Suncor Energy Stock Down 1.0%

NYSE:SU traded down $0.34 on Wednesday, hitting $35.38. 3,006,853 shares of the company's stock traded hands, compared to its average volume of 4,472,183. 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 1 year low of $30.79 and a 1 year high of $41.95. The firm has a 50-day moving average price of $35.47 and a 200-day moving average price of $37.18. The company has a market cap of $43.63 billion, a PE ratio of 10.26, 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 released its earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share for the quarter, beating the consensus estimate 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 business posted $1.41 EPS. Equities analysts anticipate that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be paid a $0.4133 dividend. This is a boost from Suncor Energy's previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, June 4th. This represents a $1.65 annualized dividend and a dividend yield of 4.67%. Suncor Energy's payout ratio is presently 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.