5,509 Shares in Suncor Energy Inc. (NYSE:SU) Purchased by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC bought a new stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the 4th quarter, Holdings Channel.com reports. The fund bought 5,509 shares of the oil and gas producer’s stock, valued at approximately $197,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. HHM Wealth Advisors LLC increased its stake 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 worth $30,000 after purchasing an additional 325 shares in the last quarter. Crowley Wealth Management Inc. acquired a new stake in Suncor Energy during the 4th quarter valued at $35,000. Lee Danner & Bass Inc. purchased a new position in Suncor Energy during the fourth quarter worth $36,000. Golden State Wealth Management LLC acquired a new position in shares of Suncor Energy in the fourth quarter worth $39,000. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of Suncor Energy in the fourth quarter valued at $45,000. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Trading Down 9.8 %

SU stock opened at $33.19 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. The company has a market cap of $41.06 billion, a price-to-earnings ratio of 9.62, a PEG ratio of 2.94 and a beta of 1.11. The business has a fifty day simple moving average of $37.94 and a 200-day simple moving average of $38.20. Suncor Energy Inc. has a 52 week low of $32.78 and a 52 week high of $41.95.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS 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, equities research analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th were issued a $0.399 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $1.60 annualized dividend and a yield of 4.81%. Suncor Energy’s payout ratio is 45.51%.

Wall Street Analyst Weigh In

SU has been the subject of a number of recent research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $66.00 price objective on shares of Suncor Energy in a research report on Tuesday, January 7th. Morgan Stanley lowered shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 16th. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. Bank of America assumed coverage on shares of Suncor Energy in a research note on Wednesday, February 26th. They issued a “neutral” rating for the company. Finally, Tudor Pickering raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $59.20.

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.