15,954 Shares in Suncor Energy Inc. (NYSE:SU) Acquired by Waverly Advisors LLC

Waverly Advisors LLC bought a new stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,954 shares of the oil and gas producer's stock, valued at approximately $569,000.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. grew its stake in shares of Suncor Energy by 39.9% during the fourth quarter. Principal Financial Group Inc. now owns 9,706,616 shares of the oil and gas producer's stock valued at $346,298,000 after buying an additional 2,767,043 shares during the last quarter. Jupiter Asset Management Ltd. boosted its holdings in Suncor Energy by 2,061.8% during the 4th quarter. Jupiter Asset Management Ltd. now owns 2,438,291 shares of the oil and gas producer's stock valued at $86,990,000 after acquiring an additional 2,325,503 shares during the period. Fisher Asset Management LLC grew its position in Suncor Energy by 97.4% during the 4th quarter. Fisher Asset Management LLC now owns 3,734,572 shares of the oil and gas producer's stock worth $133,250,000 after acquiring an additional 1,842,791 shares during the last quarter. Geode Capital Management LLC increased its stake in Suncor Energy by 29.5% in the 4th quarter. Geode Capital Management LLC now owns 7,629,169 shares of the oil and gas producer's stock worth $278,537,000 after purchasing an additional 1,737,573 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Suncor Energy by 104.2% in the 4th 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 purchasing an additional 1,573,726 shares during the period. 67.37% of the stock is currently owned by hedge funds and other institutional investors.

Suncor Energy Stock Down 1.1%

Shares of NYSE:SU traded down $0.39 during trading on Friday, reaching $35.37. 658,739 shares of the stock traded hands, compared to its average volume of 4,461,454. The stock has a 50-day moving average of $35.38 and a two-hundred day moving average of $37.14. Suncor Energy Inc. has a 52-week low of $30.79 and a 52-week high of $41.95. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33. The stock has a market cap of $43.62 billion, a P/E ratio of 10.27, 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 posted its quarterly 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 prior year, the company posted $1.41 earnings per share. As a group, sell-side analysts expect that Suncor Energy Inc. will post 3.42 earnings per share 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 dividend of $0.4133 per share. 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 dividend on an annualized basis and a dividend yield of 4.67%. Suncor Energy's dividend payout ratio is presently 45.53%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SU. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Cibc World Mkts raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. Scotiabank upgraded Suncor Energy to a "hold" rating in a report on Wednesday, March 19th. Tudor Pickering raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Finally, Wall Street Zen downgraded 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 issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $64.67.

Suncor Energy Company 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.