SG Americas Securities LLC Takes $264,000 Position in Suncor Energy Inc. (NYSE:SU)

SG Americas Securities LLC purchased a new position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 7,408 shares of the oil and gas producer’s stock, valued at approximately $264,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Eastern Bank bought a new position in shares of Suncor Energy during the third quarter worth about $25,000. Waldron Private Wealth LLC bought a new position in Suncor Energy during the 3rd quarter worth approximately $49,000. UMB Bank n.a. grew its position in shares of 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. Transamerica Financial Advisors Inc. increased its holdings in shares of 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 valued at $73,000 after acquiring an additional 1,895 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Suncor Energy during the 3rd quarter valued at approximately $104,000. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Suncor Energy Stock Performance

SU opened at $38.74 on Thursday. Suncor Energy Inc. has a twelve month low of $31.25 and a twelve month high of $41.94. The stock has a market cap of $48.21 billion, a PE ratio of 8.44, a price-to-earnings-growth ratio of 2.89 and a beta of 1.12. The business’s 50 day moving average is $37.69 and its 200-day moving average is $38.54. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.07. Suncor Energy had a return on equity of 15.67% and a net margin of 15.19%. On average, analysts predict that Suncor Energy Inc. will post 3.7 earnings per share for the current year.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd were paid a dividend of $0.4089 per share. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date of this dividend was Tuesday, December 3rd. Suncor Energy’s dividend payout ratio (DPR) is presently 35.08%.

Analyst Upgrades and Downgrades

SU has been the subject of a number of research reports. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Morgan Stanley lowered shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $66.00 target price on shares of Suncor Energy in a research note on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

About Suncor Energy

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.