Park Avenue Securities LLC Has $1.22 Million Position in Suncor Energy Inc. (NYSE:SU)

Park Avenue Securities LLC grew its stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 59.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,543 shares of the oil and gas producer's stock after purchasing an additional 11,745 shares during the period. Park Avenue Securities LLC's holdings in Suncor Energy were worth $1,221,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SU. Jones Financial Companies Lllp grew its position in Suncor Energy by 86.0% during the fourth quarter. Jones Financial Companies Lllp now owns 67,848 shares of the oil and gas producer's stock valued at $2,421,000 after buying an additional 31,366 shares during the period. Sage Investment Counsel LLC purchased a new stake in shares of Suncor Energy during the 4th quarter worth approximately $300,000. J.W. Cole Advisors Inc. purchased a new position in shares of Suncor Energy in the 4th quarter worth $236,000. Bank of New York Mellon Corp increased its stake in Suncor Energy by 104.2% during the fourth quarter. Bank of New York Mellon Corp now owns 3,083,440 shares of the oil and gas producer's stock worth $110,017,000 after acquiring an additional 1,573,726 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Suncor Energy by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,457,325 shares of the oil and gas producer's stock worth $159,030,000 after buying an additional 99,669 shares during the last quarter. Institutional investors own 67.37% of the company's stock.

Analyst Upgrades and Downgrades

SU has been the subject of several recent research reports. Bank of America started coverage on Suncor Energy in a report on Wednesday, February 26th. They issued a "neutral" rating for the company. Scotiabank raised Suncor Energy to a "hold" rating in a report on Wednesday, March 19th. Finally, Wall Street Zen downgraded shares of Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Four investment 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. According to data from MarketBeat, Suncor Energy has an average rating of "Moderate Buy" and an average target price of $64.67.

Suncor Energy Price Performance

Shares of SU traded up $0.20 during mid-day trading on Thursday, reaching $39.06. 3,119,946 shares of the company's stock were exchanged, compared to its average volume of 4,486,031. The company has a market cap of $47.96 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 2.94 and a beta of 0.79. The company has a 50-day simple moving average of $35.20 and a two-hundred day simple moving average of $36.92. Suncor Energy Inc. has a 52-week low of $30.79 and a 52-week high of $41.95. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share for the quarter, beating 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 firm had revenue of $9.10 billion for the quarter, compared to analysts' expectations of $13.39 billion. During the same quarter last year, the firm earned $1.41 earnings per share. On average, sell-side analysts predict 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. Stockholders of record on Wednesday, June 4th will be issued a $0.4133 dividend. This represents a $1.65 dividend on an annualized basis and a dividend yield of 4.23%. This is an increase from Suncor Energy's previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, June 4th. Suncor Energy's payout ratio is 47.55%.

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.