PDT Partners LLC Increases Stock Holdings in Suncor Energy Inc. (NYSE:SU)

PDT Partners LLC increased its holdings in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 25.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,920 shares of the oil and gas producer's stock after acquiring an additional 19,859 shares during the quarter. PDT Partners LLC's holdings in Suncor Energy were worth $3,529,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in SU. HHM Wealth Advisors LLC increased its position in shares of 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 acquiring an additional 325 shares in the last quarter. Crowley Wealth Management Inc. purchased a new position in shares of Suncor Energy in the fourth quarter worth $35,000. Lee Danner & Bass Inc. bought a new position in shares of Suncor Energy during the fourth quarter valued at $36,000. Golden State Wealth Management LLC purchased a new stake in shares of Suncor Energy during the fourth quarter valued at $39,000. Finally, Covestor Ltd increased its holdings in Suncor Energy by 30.5% in the 4th quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock worth $39,000 after buying an additional 256 shares in the last quarter. 67.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SU has been the topic of several research analyst reports. Scotiabank raised Suncor Energy to a "hold" rating in a report on Wednesday, March 19th. Bank of America assumed coverage on Suncor Energy in a research report on Wednesday, February 26th. They issued a "neutral" rating on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and set a $66.00 price target on shares of Suncor Energy in a research report on Tuesday, January 7th. Cibc World Mkts upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. Finally, Tudor Pickering raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.20.

Suncor Energy Price Performance

NYSE:SU traded up $0.33 on Friday, reaching $36.03. 4,664,783 shares of the company's stock traded hands, compared to its average volume of 4,490,169. The stock has a 50-day simple moving average of $35.85 and a 200-day simple moving average of $37.56. Suncor Energy Inc. has a 12 month low of $30.79 and a 12 month high of $41.95. The firm has a market cap of $44.43 billion, a PE ratio of 10.44, a P/E/G ratio of 2.94 and a beta of 0.79. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, topping 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%. Equities research analysts forecast that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th were given a dividend of $0.399 per share. The ex-dividend date was Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.43%. Suncor Energy's dividend payout ratio is currently 45.51%.

About Suncor Energy

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.