Northern Trust Corp Grows Stock Holdings in Suncor Energy Inc. (NYSE:SU)

Northern Trust Corp grew its stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 58.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,317,872 shares of the oil and gas producer's stock after purchasing an additional 487,033 shares during the quarter. Northern Trust Corp owned approximately 0.11% of Suncor Energy worth $47,022,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. HHM Wealth Advisors LLC raised its stake in Suncor Energy by 62.1% during the 4th quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer's stock valued at $30,000 after buying an additional 325 shares during the last quarter. Crowley Wealth Management Inc. bought a new position in Suncor Energy in the 4th quarter worth approximately $35,000. Lee Danner & Bass Inc. purchased a new position in shares of Suncor Energy during the fourth quarter valued at about $36,000. Golden State Wealth Management LLC bought a new position in shares of Suncor Energy during the 4th quarter valued at approximately $39,000. Finally, Covestor Ltd lifted its holdings in shares of Suncor Energy by 30.5% in the 4th 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 owned by institutional investors.

Suncor Energy Price Performance

SU stock traded up $0.72 during mid-day trading on Friday, reaching $34.97. The company's stock had a trading volume of 4,911,108 shares, compared to its average volume of 4,573,309. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The company's 50 day moving average is $35.59 and its two-hundred day moving average is $37.41. The stock has a market cap of $43.12 billion, a PE ratio of 10.14, a P/E/G ratio of 2.94 and a beta of 0.79. Suncor Energy Inc. has a fifty-two week low of $30.79 and a fifty-two week high of $41.95.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its quarterly earnings data 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. The firm had revenue of $9.10 billion for the quarter, compared to analysts' expectations of $13.39 billion. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. During the same period in the prior year, the firm posted $1.41 earnings per share. Equities research analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be paid a $0.4133 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This is a boost from Suncor Energy's previous quarterly dividend of $0.40. This represents a $1.65 dividend on an annualized basis and a dividend yield of 4.73%. Suncor Energy's payout ratio is presently 45.24%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SU. Bank of America started coverage on shares of Suncor Energy in a report on Wednesday, February 26th. They issued a "neutral" rating for the company. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Scotiabank upgraded shares of Suncor Energy to a "hold" rating in a research note on Wednesday, March 19th. Tudor Pickering upgraded shares of Suncor Energy from a "hold" rating to a "strong-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 investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Suncor Energy presently has a consensus rating of "Moderate Buy" and an average target price of $59.20.

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.