Suncor Energy Inc. (NYSE:SU) Shares Bought by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI grew its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 273,437 shares of the oil and gas producer’s stock after purchasing an additional 5,612 shares during the quarter. Suncor Energy accounts for 1.6% of Arcadia Investment Management Corp MI’s investment portfolio, making the stock its 22nd biggest position. Arcadia Investment Management Corp MI’s holdings in Suncor Energy were worth $9,756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Allianz Asset Management GmbH lifted its stake in shares of Suncor Energy by 15.0% in the fourth quarter. Allianz Asset Management GmbH now owns 3,402,981 shares of the oil and gas producer’s stock worth $121,406,000 after acquiring an additional 442,760 shares in the last quarter. First Bank & Trust lifted its stake in shares of Suncor Energy by 20.3% in the fourth quarter. First Bank & Trust now owns 11,067 shares of the oil and gas producer’s stock worth $395,000 after acquiring an additional 1,868 shares in the last quarter. Bryn Mawr Capital Management LLC lifted its stake in shares of Suncor Energy by 1,334.6% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 92,543 shares of the oil and gas producer’s stock worth $3,302,000 after acquiring an additional 86,092 shares in the last quarter. Global Retirement Partners LLC lifted its stake in shares of Suncor Energy by 52.6% in the fourth quarter. Global Retirement Partners LLC now owns 3,635 shares of the oil and gas producer’s stock worth $130,000 after acquiring an additional 1,253 shares in the last quarter. Finally, Atria Wealth Solutions Inc. lifted its stake in shares of Suncor Energy by 155.3% in the fourth quarter. Atria Wealth Solutions Inc. now owns 19,731 shares of the oil and gas producer’s stock worth $704,000 after acquiring an additional 12,002 shares in the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Desjardins upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Cibc World Mkts upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 11th. StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. Tudor Pickering upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $66.00 price objective on shares of Suncor Energy in a research note on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Suncor Energy Trading Up 0.8 %

Shares of NYSE SU opened at $40.19 on Friday. The stock’s 50 day moving average price is $37.89 and its two-hundred day moving average price is $38.64. Suncor Energy Inc. has a 52-week low of $32.64 and a 52-week high of $41.94. The stock has a market capitalization of $50.02 billion, a P/E ratio of 11.65, a PEG ratio of 2.92 and a beta of 1.12. 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) (TSE:SU) last announced its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) for the quarter, beating 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 anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.399 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.97%. The ex-dividend date is Tuesday, March 4th. Suncor Energy’s dividend payout ratio (DPR) is presently 46.67%.

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.