Commonwealth Equity Services LLC Raises Holdings in Suncor Energy Inc. (NYSE:SU)

Commonwealth Equity Services LLC boosted its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 9.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,345 shares of the oil and gas producer’s stock after purchasing an additional 4,057 shares during the period. Commonwealth Equity Services LLC’s holdings in Suncor Energy were worth $1,689,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. HHM Wealth Advisors LLC raised its holdings in 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 valued at $30,000 after buying an additional 325 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Suncor Energy in the fourth quarter valued at about $39,000. Stonebridge Financial Group LLC bought a new position in shares of Suncor Energy during the fourth quarter valued at about $45,000. UMB Bank n.a. boosted its holdings in shares of Suncor Energy by 27.5% during the fourth quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer’s stock worth $50,000 after purchasing an additional 300 shares during the period. Finally, Private Trust Co. NA grew its stake in shares of Suncor Energy by 50.2% in the fourth quarter. Private Trust Co. NA now owns 1,705 shares of the oil and gas producer’s stock worth $61,000 after purchasing an additional 570 shares during the last quarter. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Analysts Set New Price Targets

SU has been the subject of a number of recent analyst reports. Tudor, Pickering, Holt & Co. raised Suncor Energy from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. Scotiabank upgraded Suncor Energy to a “hold” rating in a report on Wednesday, March 19th. Morgan Stanley cut shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Cibc World Mkts upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Finally, Bank of America started coverage on shares of Suncor Energy in a research report on Wednesday, February 26th. They issued a “neutral” rating for the company. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $59.20.

Suncor Energy Trading Down 0.7 %

NYSE:SU opened at $38.36 on Friday. The firm has a market capitalization of $47.45 billion, a P/E ratio of 11.12, a PEG ratio of 2.94 and a beta of 1.11. 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 one year low of $33.81 and a one year high of $41.95. The company’s 50-day simple moving average is $38.13 and its 200 day simple moving average is $38.16.

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

Suncor Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th were issued a dividend of $0.399 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.60 annualized dividend and a dividend yield of 4.16%. Suncor Energy’s payout ratio is presently 45.51%.

Suncor Energy 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.