Suncor Energy Inc. (NYSE:SU) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. lifted its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 27.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,509 shares of the oil and gas producer’s stock after purchasing an additional 1,389 shares during the period. Blue Trust Inc.’s holdings in Suncor Energy were worth $232,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sanctuary Advisors LLC grew its holdings in shares of Suncor Energy by 32.3% during the third quarter. Sanctuary Advisors LLC now owns 82,204 shares of the oil and gas producer’s stock worth $3,035,000 after buying an additional 20,081 shares during the last quarter. Intech Investment Management LLC boosted its holdings in Suncor Energy by 1,345.8% in the 3rd quarter. Intech Investment Management LLC now owns 468,415 shares of the oil and gas producer’s stock valued at $17,309,000 after purchasing an additional 436,016 shares in the last quarter. Aigen Investment Management LP purchased a new stake in Suncor Energy in the 3rd quarter valued at approximately $1,376,000. Assenagon Asset Management S.A. boosted its holdings in Suncor Energy by 1,324.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,469,008 shares of the oil and gas producer’s stock valued at $123,774,000 after purchasing an additional 3,225,543 shares in the last quarter. Finally, DRW Securities LLC purchased a new stake in Suncor Energy in the 3rd quarter valued at approximately $1,151,000. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Suncor Energy Trading Up 0.0 %

Shares of Suncor Energy stock opened at $39.85 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. Suncor Energy Inc. has a 1 year low of $32.62 and a 1 year high of $41.94. The company has a market capitalization of $49.59 billion, a P/E ratio of 11.55, a P/E/G ratio of 2.89 and a beta of 1.12. The business has a 50 day moving average price of $37.83 and a 200 day moving average price of $38.63.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings data 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 return on equity of 15.37% and a net margin of 11.80%. Sell-side analysts anticipate that Suncor Energy Inc. will post 3.42 EPS 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. 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 dividend yield of 4.01%. Suncor Energy’s dividend payout ratio is currently 45.22%.

Analyst Ratings Changes

A number of brokerages have weighed in on SU. StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Morgan Stanley lowered Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Desjardins raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Cibc World Mkts raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 11th. Finally, Tudor, Pickering, Holt & Co. raised Suncor Energy from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. Three research 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 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.