35,180 Shares in Suncor Energy Inc. (NYSE:SU) Bought by Mirabella Financial Services LLP

Mirabella Financial Services LLP bought a new position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 35,180 shares of the oil and gas producer's stock, valued at approximately $1,252,000.

Several other institutional investors and hedge funds have also bought and sold shares of SU. HHM Wealth Advisors LLC lifted 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 during the last quarter. Crowley Wealth Management Inc. purchased a new stake in shares of Suncor Energy during the 4th quarter valued at $35,000. Lee Danner & Bass Inc. bought a new stake in shares of Suncor Energy during the 4th quarter worth $36,000. Golden State Wealth Management LLC purchased a new position in Suncor Energy in the fourth quarter worth $39,000. Finally, Covestor Ltd increased its stake in Suncor Energy by 30.5% in the fourth 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. 67.37% of the stock is currently owned by hedge funds and other institutional investors.

Suncor Energy Trading Down 0.1 %

Shares of NYSE:SU traded down $0.02 during midday trading on Friday, hitting $35.58. 2,459,519 shares of the stock traded hands, compared to its average volume of 4,471,841. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $44.02 billion, a PE ratio of 10.31, a P/E/G ratio of 2.94 and a beta of 0.79. Suncor Energy Inc. has a one year low of $30.79 and a one year high of $41.95. The business's 50 day moving average is $36.23 and its two-hundred day moving average is $37.71.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.07. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. As a group, research analysts forecast that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th were paid a dividend of $0.399 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date of this dividend was Tuesday, March 4th. Suncor Energy's payout ratio is 45.51%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Bank of America initiated coverage on Suncor Energy in a report on Wednesday, February 26th. They issued a "neutral" rating for the company. Scotiabank upgraded shares of Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Royal Bank of Canada restated an "outperform" rating and issued a $66.00 price objective on shares of Suncor Energy in a report on Tuesday, January 7th. StockNews.com lowered shares of Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Finally, Tudor Pickering raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $59.20.

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.