Suncor Energy Inc. (NYSE:SU) Shares Acquired by Savant Capital LLC

Savant Capital LLC increased its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 27.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,754 shares of the oil and gas producer’s stock after purchasing an additional 1,900 shares during the period. Savant Capital LLC’s holdings in Suncor Energy were worth $312,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. CWM LLC boosted its holdings in shares of Suncor Energy by 20.2% in the 3rd quarter. CWM LLC now owns 5,312 shares of the oil and gas producer’s stock valued at $196,000 after purchasing an additional 894 shares during the last quarter. Creative Planning increased its position in shares of Suncor Energy by 4.5% in the 3rd quarter. Creative Planning now owns 261,240 shares of the oil and gas producer’s stock worth $9,645,000 after purchasing an additional 11,205 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Suncor Energy by 2.5% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 37,609 shares of the oil and gas producer’s stock valued at $1,389,000 after buying an additional 917 shares during the period. Net Worth Advisory Group acquired a new position in shares of Suncor Energy in the 3rd quarter valued at about $286,000. Finally, Blue Trust Inc. boosted its stake in Suncor Energy by 56.2% during the 3rd quarter. Blue Trust Inc. now owns 5,120 shares of the oil and gas producer’s stock valued at $195,000 after purchasing an additional 1,842 shares during the period. 67.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SU has been the subject of a number of research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $66.00 price target on shares of Suncor Energy in a research note on Tuesday, January 7th. Cibc World Mkts raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 11th. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Morgan Stanley cut shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. Finally, Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Three 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 stock. According to MarketBeat, Suncor Energy has an average rating of “Moderate Buy” and a consensus target price of $58.00.

Suncor Energy Stock Performance

Shares of SU stock opened at $39.53 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.04 and a current ratio of 1.59. Suncor Energy Inc. has a 52 week low of $31.46 and a 52 week high of $41.94. The company has a market capitalization of $49.20 billion, a P/E ratio of 11.46, a price-to-earnings-growth ratio of 2.96 and a beta of 1.12. The company’s 50 day moving average price is $37.73 and its two-hundred day moving average price is $38.59.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.33%. On average, analysts expect that Suncor Energy Inc. will post 3.25 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th will be given a dividend of $0.399 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.60 annualized dividend and a yield of 4.04%. Suncor Energy’s dividend payout ratio is 46.67%.

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.