PDT Partners LLC boosted its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 25.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 98,920 shares of the oil and gas producer's stock after buying an additional 19,859 shares during the period. PDT Partners LLC's holdings in Suncor Energy were worth $3,529,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. HHM Wealth Advisors LLC boosted its position in shares of 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 purchasing an additional 325 shares in the last quarter. Crowley Wealth Management Inc. bought a new stake in Suncor Energy during the fourth quarter worth approximately $35,000. Lee Danner & Bass Inc. bought a new stake in Suncor Energy during the fourth quarter worth approximately $36,000. Golden State Wealth Management LLC acquired a new position in Suncor Energy in the fourth quarter worth approximately $39,000. Finally, Covestor Ltd increased its holdings in shares of 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 buying an additional 256 shares in the last quarter. Institutional investors and hedge funds own 67.37% of the company's stock.
Analyst Upgrades and Downgrades
SU has been the topic of a number of recent research reports. Royal Bank of Canada restated an "outperform" rating and issued a $66.00 target price on shares of Suncor Energy in a report on Tuesday, January 7th. Tudor Pickering upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Bank of America initiated 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 Suncor Energy from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Finally, Cibc World Mkts upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Five research 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. Based on data from MarketBeat.com, Suncor Energy presently has an average rating of "Moderate Buy" and an average price target of $59.20.
Get Our Latest Stock Report on SU
Suncor Energy Price Performance
Shares of Suncor Energy stock traded up $0.40 during trading on Thursday, reaching $35.69. The company's stock had a trading volume of 4,798,893 shares, compared to its average volume of 4,478,971. Suncor Energy Inc. has a one year low of $30.79 and a one year high of $41.95. The stock has a 50-day moving average price of $35.90 and a two-hundred day moving average price of $37.58. 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 stock has a market capitalization of $44.01 billion, a P/E ratio of 10.35, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79.
Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. As a group, sell-side analysts anticipate that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.
Suncor Energy Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th were given a dividend of $0.399 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a yield of 4.47%. Suncor Energy's payout ratio is presently 45.51%.
Suncor Energy Company Profile
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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.
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