Arcadia Investment Management Corp MI raised its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 7.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 281,967 shares of the oil and gas producer's stock after buying an additional 20,409 shares during the quarter. Suncor Energy accounts for about 1.7% of Arcadia Investment Management Corp MI's holdings, making the stock its 20th biggest position. Arcadia Investment Management Corp MI's holdings in Suncor Energy were worth $9,034,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in SU. Optiver Holding B.V. acquired a new position in shares of Suncor Energy during the 3rd quarter worth $29,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Suncor Energy by 43.2% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,038 shares of the oil and gas producer's stock worth $33,000 after buying an additional 313 shares during the period. Headinvest LLC bought a new stake in shares of Suncor Energy during the 3rd quarter worth $40,000. Bruce G. Allen Investments LLC bought a new stake in shares of Suncor Energy during the 4th quarter worth $46,000. Finally, NBC Securities Inc. bought a new stake in shares of Suncor Energy during the 3rd quarter worth $54,000. Institutional investors and hedge funds own 67.37% of the company's stock.
Suncor Energy Price Performance
NYSE:SU traded down $0.04 during mid-day trading on Friday, reaching $40.10. 5,304,820 shares of the company were exchanged, compared to its average volume of 3,821,087. Suncor Energy Inc. has a 12 month low of $27.59 and a 12 month high of $40.69. The company has a fifty day moving average of $37.37 and a 200 day moving average of $34.19. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.26. The stock has a market cap of $51.62 billion, a PE ratio of 8.53, a PEG ratio of 3.43 and a beta of 1.11.
Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its quarterly earnings data on Wednesday, February 21st. The oil and gas producer reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.13. Suncor Energy had a net margin of 16.33% and a return on equity of 16.08%. The firm had revenue of $10.39 billion for the quarter, compared to analyst estimates of $8.46 billion. During the same quarter in the prior year, the firm earned $1.33 EPS. On average, research analysts anticipate that Suncor Energy Inc. will post 3.77 EPS for the current fiscal year.
Suncor Energy Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Tuesday, June 4th will be given a dividend of $0.395 per share. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $1.58 dividend on an annualized basis and a yield of 3.94%. Suncor Energy's payout ratio is presently 34.26%.
Wall Street Analysts Forecast Growth
SU has been the subject of a number of analyst reports. StockNews.com cut Suncor Energy from a "buy" rating to a "hold" rating in a report on Wednesday. Morgan Stanley raised their price target on Suncor Energy from $50.00 to $52.00 and gave the company an "overweight" rating in a report on Thursday, March 28th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Suncor Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.00.
View Our Latest Stock Analysis on Suncor Energy
Suncor Energy Company Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding SU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Suncor Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Suncor Energy wasn't on the list.
While Suncor Energy currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
