Ritholtz Wealth Management Has $3.58 Million Stock Holdings in Suncor Energy Inc. (NYSE:SU)

Ritholtz Wealth Management decreased its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 13.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,313 shares of the oil and gas producer’s stock after selling 15,153 shares during the quarter. Ritholtz Wealth Management’s holdings in Suncor Energy were worth $3,579,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Heritage Family Offices LLP lifted its holdings in Suncor Energy by 7.4% during the 4th quarter. Heritage Family Offices LLP now owns 20,132 shares of the oil and gas producer’s stock valued at $718,000 after purchasing an additional 1,379 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in Suncor Energy by 17.4% during the 4th quarter. Park Avenue Securities LLC now owns 19,798 shares of the oil and gas producer’s stock valued at $706,000 after purchasing an additional 2,940 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Suncor Energy by 1,324.8% during 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 during the last quarter. 180 Wealth Advisors LLC lifted its holdings in shares of Suncor Energy by 8.3% during the fourth quarter. 180 Wealth Advisors LLC now owns 15,456 shares of the oil and gas producer’s stock worth $551,000 after buying an additional 1,189 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Suncor Energy during the fourth quarter worth $107,000. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Stock Down 2.6 %

SU stock opened at $39.07 on Friday. The company has a market cap of $48.62 billion, a PE ratio of 8.51, a price-to-earnings-growth ratio of 3.38 and a beta of 1.12. The business has a 50-day simple moving average of $38.08 and a 200 day simple moving average of $38.51. Suncor Energy Inc. has a 52 week low of $31.03 and a 52 week high of $41.94. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.24.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd were given a $0.4089 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date was Tuesday, December 3rd. This is a boost from Suncor Energy’s previous quarterly dividend of $0.40. Suncor Energy’s payout ratio is currently 35.08%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SU shares. Desjardins raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Morgan Stanley downgraded Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Royal Bank of Canada reissued an “outperform” rating and set a $66.00 target price on shares of Suncor Energy in a report on Tuesday, January 7th. Finally, StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Tuesday. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.