Suncor Energy (NYSE:SU) Hits New 1-Year High at $39.07

Suncor Energy Inc. (NYSE:SU - Get Free Report) TSE: SU's stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $39.07 and last traded at $38.71, with a volume of 252979 shares. The stock had previously closed at $39.00.

Analysts Set New Price Targets

Separately, Morgan Stanley upped their price target on shares of Suncor Energy from $50.00 to $52.00 and gave the stock an "overweight" rating in a report on Thursday, March 28th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Suncor Energy has a consensus rating of "Moderate Buy" and a consensus target price of $52.00.

Suncor Energy Stock Down 0.8 %

The firm has a market capitalization of $49.85 billion, a price-to-earnings ratio of 8.23, a P/E/G ratio of 3.63 and a beta of 1.13. The stock has a fifty day moving average of $34.72 and a two-hundred day moving average of $33.42. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.44 and a quick ratio of 0.88.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its quarterly earnings data on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.13. The business had revenue of $10.39 billion during the quarter, compared to the consensus estimate of $8.46 billion. Suncor Energy had a return on equity of 16.08% and a net margin of 16.33%. During the same period in the prior year, the business posted $1.33 earnings per share. Sell-side analysts anticipate that Suncor Energy Inc. will post 3.58 earnings per share for the current year.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 4th were given a dividend of $0.406 per share. The ex-dividend date was Friday, March 1st. This represents a $1.62 dividend on an annualized basis and a yield of 4.20%. This is a boost from Suncor Energy's previous quarterly dividend of $0.39. Suncor Energy's dividend payout ratio is 34.26%.

Institutional Trading of Suncor Energy

A number of institutional investors have recently bought and sold shares of the company. CWM LLC boosted its position in Suncor Energy by 16.7% during the first quarter. CWM LLC now owns 3,820 shares of the oil and gas producer's stock valued at $141,000 after acquiring an additional 547 shares during the last quarter. Trust Co. of Toledo NA OH bought a new position in shares of Suncor Energy during the 1st quarter worth about $425,000. Adirondack Trust Co. boosted its position in shares of Suncor Energy by 45.6% during the 4th quarter. Adirondack Trust Co. now owns 1,000 shares of the oil and gas producer's stock worth $34,000 after purchasing an additional 313 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Suncor Energy by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 50,534,957 shares of the oil and gas producer's stock worth $1,619,140,000 after purchasing an additional 155,343 shares in the last quarter. Finally, Wahed Invest LLC boosted its position in shares of Suncor Energy by 10.4% during the 4th quarter. Wahed Invest LLC now owns 10,431 shares of the oil and gas producer's stock worth $336,000 after purchasing an additional 980 shares in the last quarter. Institutional investors own 67.37% of the company's stock.

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.