Suncor Energy Inc. (NYSE:SU) Holdings Lifted by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. boosted its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 2.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,210 shares of the oil and gas producer’s stock after buying an additional 1,231 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Suncor Energy were worth $1,756,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. HHM Wealth Advisors LLC lifted its stake 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 acquiring an additional 325 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in Suncor Energy in the 4th quarter worth about $39,000. Stonebridge Financial Group LLC purchased a new stake in Suncor Energy in the 4th quarter worth about $45,000. UMB Bank n.a. lifted its stake in Suncor Energy by 27.5% in the 4th quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer’s stock worth $50,000 after acquiring an additional 300 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. lifted its stake in Suncor Energy by 2,311.0% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,977 shares of the oil and gas producer’s stock worth $73,000 after acquiring an additional 1,895 shares in the last quarter. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Stock Performance

Shares of NYSE SU opened at $36.25 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33. The firm has a market cap of $45.00 billion, a price-to-earnings ratio of 10.51, a P/E/G ratio of 2.94 and a beta of 1.12. The business’s 50-day simple moving average is $38.30 and its 200-day simple moving average is $38.56. Suncor Energy Inc. has a 52 week low of $34.12 and a 52 week high of $41.94.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.07. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. As a group, equities research analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date of this dividend is Tuesday, March 4th. Suncor Energy’s dividend payout ratio is 45.22%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SU. Morgan Stanley downgraded Suncor Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. Tudor Pickering raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Tudor, Pickering, Holt & Co. raised Suncor Energy from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. StockNews.com downgraded Suncor Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $66.00 price target on shares of Suncor Energy in a research note on Tuesday, January 7th. 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $58.00.

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.