First Trust Advisors LP Increases Position in Suncor Energy Inc. (NYSE:SU)

First Trust Advisors LP lifted its holdings in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 133.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 345,595 shares of the oil and gas producer's stock after purchasing an additional 197,512 shares during the period. First Trust Advisors LP's holdings in Suncor Energy were worth $12,332,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. HHM Wealth Advisors LLC raised its holdings in Suncor Energy by 62.1% in the 4th quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer's stock worth $30,000 after purchasing an additional 325 shares during the period. Crowley Wealth Management Inc. purchased a new stake in Suncor Energy in the 4th quarter worth approximately $35,000. Lee Danner & Bass Inc. bought a new stake in Suncor Energy during the 4th quarter worth approximately $36,000. Golden State Wealth Management LLC purchased a new position in Suncor Energy during the fourth quarter valued at approximately $39,000. Finally, Covestor Ltd boosted its position 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 worth $39,000 after purchasing an additional 256 shares during the period. 67.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SU has been the topic of a number of analyst reports. StockNews.com cut shares of Suncor Energy from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. Cibc World Mkts upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. Scotiabank raised Suncor Energy to a "hold" rating in a research note on Wednesday, March 19th. Bank of America initiated coverage on Suncor Energy in a research note on Wednesday, February 26th. They issued a "neutral" rating for the company. Finally, Tudor Pickering upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $59.20.

Suncor Energy Price Performance

Shares of Suncor Energy stock traded up $0.42 during trading hours on Thursday, reaching $35.71. The company's stock had a trading volume of 3,482,335 shares, compared to its average volume of 4,476,254. The firm has a 50 day moving average price of $35.97 and a 200-day moving average price of $37.61. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. The stock has a market cap of $44.03 billion, a P/E ratio of 10.37, a P/E/G ratio of 2.94 and a beta of 0.79. Suncor Energy Inc. has a one year low of $30.79 and a one year high of $41.95.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its quarterly earnings data 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%. On average, analysts predict that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.399 per share. This represents a $1.60 annualized dividend and a yield of 4.47%. The ex-dividend date was Tuesday, March 4th. Suncor Energy's payout ratio is 45.51%.

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.