Inspire Advisors LLC Buys 1,107 Shares of Suncor Energy Inc. (NYSE:SU)

Inspire Advisors LLC increased its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 7.9% during the fourth quarter, HoldingsChannel reports. The fund owned 15,208 shares of the oil and gas producer’s stock after acquiring an additional 1,107 shares during the quarter. Inspire Advisors LLC’s holdings in Suncor Energy were worth $543,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Mcintyre Freedman & Flynn Investment Advisers Inc. increased its position in Suncor Energy by 1.5% during the fourth quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 68,525 shares of the oil and gas producer’s stock worth $2,445,000 after acquiring an additional 1,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Suncor Energy by 20.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,046,513 shares of the oil and gas producer’s stock worth $37,336,000 after acquiring an additional 178,727 shares during the period. Ruffer LLP increased its position in Suncor Energy by 19.9% during the fourth quarter. Ruffer LLP now owns 941,697 shares of the oil and gas producer’s stock worth $33,608,000 after acquiring an additional 156,496 shares during the period. Argentarii LLC bought a new position in Suncor Energy during the fourth quarter worth $344,000. Finally, Amundi increased its position in Suncor Energy by 1.5% during the fourth quarter. Amundi now owns 4,230,786 shares of the oil and gas producer’s stock worth $162,166,000 after acquiring an additional 61,552 shares during the period. Institutional investors own 67.37% of the company’s stock.

Analysts Set New Price Targets

SU has been the topic of a number of research reports. Morgan Stanley lowered shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 16th. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Monday, February 10th. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. Cibc World Mkts raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Finally, Desjardins raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $58.00.

Suncor Energy Stock Down 0.8 %

SU opened at $35.39 on Wednesday. The firm’s 50-day simple moving average is $38.29 and its 200-day simple moving average is $38.33. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33. Suncor Energy Inc. has a twelve month low of $33.81 and a twelve month high of $41.95. The firm has a market cap of $43.78 billion, a price-to-earnings ratio of 10.26, a PEG ratio of 2.94 and a beta of 1.11.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share 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 15.37%. Equities research analysts anticipate 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 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 is Tuesday, March 4th. This represents a $1.60 annualized dividend and a yield of 4.51%. Suncor Energy’s dividend payout ratio (DPR) 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.