Donald L. Hagan LLC acquired a new position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 33,831 shares of the oil and gas producer’s stock, valued at approximately $945,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Legacy Financial Advisors Inc. lifted its stake in Suncor Energy by 346.8% during the fourth quarter. Legacy Financial Advisors Inc. now owns 2,855 shares of the oil and gas producer’s stock valued at $80,000 after buying an additional 2,216 shares in the last quarter. Howe & Rusling Inc. lifted its stake in Suncor Energy by 80.2% during the third quarter. Howe & Rusling Inc. now owns 3,314 shares of the oil and gas producer’s stock valued at $128,000 after buying an additional 1,475 shares in the last quarter. Almanack Investment Partners LLC. purchased a new stake in Suncor Energy during the third quarter valued at about $156,000. Bessemer Group Inc. lifted its stake in Suncor Energy by 65.8% during the third quarter. Bessemer Group Inc. now owns 4,514 shares of the oil and gas producer’s stock valued at $174,000 after buying an additional 1,792 shares in the last quarter. Finally, Stratos Wealth Partners LTD. purchased a new stake in Suncor Energy during the third quarter valued at about $187,000. Institutional investors own 65.81% of the company’s stock.
Shares of NYSE SU opened at $32.34 on Thursday. The firm has a market cap of $51.23 billion, a price-to-earnings ratio of 16.17, a P/E/G ratio of 2.00 and a beta of 1.14. Suncor Energy Inc. has a 52-week low of $25.81 and a 52-week high of $42.55. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.84 and a quick ratio of 0.54.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 25th. Stockholders of record on Monday, March 4th will be paid a $0.32 dividend. The ex-dividend date is Friday, March 1st. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.27. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.96%. Suncor Energy’s dividend payout ratio (DPR) is 54.00%.
A number of analysts have recently issued reports on the stock. TheStreet lowered shares of Suncor Energy from a “b-” rating to a “c+” rating in a research report on Monday. Zacks Investment Research lowered shares of Suncor Energy from a “hold” rating to a “strong sell” rating in a research report on Monday. GMP Securities restated a “hold” rating and issued a $47.00 price objective on shares of Suncor Energy in a report on Thursday, February 7th. Macquarie upgraded Suncor Energy from a “neutral” rating to an “outperform” rating and set a $33.30 price objective on the stock in a report on Thursday, February 7th. Finally, Morgan Stanley reiterated a “buy” rating on shares of Suncor Energy in a report on Tuesday, January 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $48.69.
Suncor Energy Profile
Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.
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