161,488 Shares in Suncor Energy Inc. (NYSE:SU) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 161,488 shares of the oil and gas producer’s stock, valued at approximately $5,762,000.

A number of other institutional investors have also recently bought and sold shares of SU. Toronto Dominion Bank boosted its holdings in shares of Suncor Energy by 1.8% in the third quarter. Toronto Dominion Bank now owns 18,546,207 shares of the oil and gas producer’s stock valued at $684,726,000 after buying an additional 333,440 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Suncor Energy by 39.9% in the fourth quarter. Principal Financial Group Inc. now owns 9,706,616 shares of the oil and gas producer’s stock valued at $346,298,000 after buying an additional 2,767,043 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Suncor Energy by 23.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,695,560 shares of the oil and gas producer’s stock valued at $357,827,000 after buying an additional 1,829,936 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Suncor Energy by 7.6% in the third quarter. Geode Capital Management LLC now owns 5,891,596 shares of the oil and gas producer’s stock valued at $220,955,000 after buying an additional 413,797 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Suncor Energy by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,457,325 shares of the oil and gas producer’s stock valued at $159,030,000 after buying an additional 99,669 shares during the period. Institutional investors and hedge funds own 67.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Morgan Stanley cut shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Royal Bank of Canada restated an “outperform” rating and set a $66.00 target price on shares of Suncor Energy in a report on Tuesday, January 7th. Cibc World Mkts upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Tudor Pickering upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Finally, StockNews.com cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a report on Friday. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Suncor Energy currently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Suncor Energy Price Performance

Shares of SU opened at $36.63 on Monday. The firm has a market capitalization of $45.32 billion, a PE ratio of 10.62, a PEG ratio of 2.94 and a beta of 1.11. The company’s 50-day moving average is $38.29 and its 200-day moving average is $38.22. Suncor Energy Inc. has a fifty-two week low of $33.81 and a fifty-two week high of $41.95. 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 (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 for the quarter, beating the consensus estimate of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. Equities analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Cuts Dividend

The firm also recently declared 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. This represents a $1.60 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date is Tuesday, March 4th. Suncor Energy’s dividend payout ratio is 45.51%.

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.