Segall Bryant & Hamill LLC Raises Stock Position in Suncor Energy Inc. (NYSE:SU)

Segall Bryant & Hamill LLC grew its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 10.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 360,039 shares of the oil and gas producer’s stock after purchasing an additional 34,734 shares during the period. Segall Bryant & Hamill LLC’s holdings in Suncor Energy were worth $12,846,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. HHM Wealth Advisors LLC raised its holdings in Suncor Energy by 62.1% during the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer’s stock worth $30,000 after purchasing an additional 325 shares during the last quarter. Crowley Wealth Management Inc. acquired a new position in shares of Suncor Energy during the 4th quarter worth $35,000. Lee Danner & Bass Inc. acquired a new position in shares of Suncor Energy during the 4th quarter worth $36,000. Golden State Wealth Management LLC purchased a new stake in shares of Suncor Energy in the 4th quarter worth about $39,000. Finally, Stonebridge Financial Group LLC acquired a new stake in Suncor Energy in the 4th quarter valued at about $45,000. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Suncor Energy Price Performance

Shares of Suncor Energy stock opened at $38.44 on Wednesday. The stock has a market capitalization of $47.56 billion, a P/E ratio of 11.14, a PEG ratio of 2.94 and a beta of 1.11. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The business’s fifty day moving average price is $38.18 and its 200 day moving average price is $38.14. Suncor Energy Inc. has a twelve month low of $33.81 and a twelve month high of $41.95.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. As a group, research analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.399 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend was Tuesday, March 4th. Suncor Energy’s dividend payout ratio is presently 45.51%.

Wall Street Analyst Weigh In

SU has been the subject of a number of research reports. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. Morgan Stanley downgraded Suncor Energy from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 16th. StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a report on Saturday. Bank of America initiated coverage on Suncor Energy in a research report on Wednesday, February 26th. They issued a “neutral” rating on the stock. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $66.00 price objective on shares of Suncor Energy in a research report on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $58.00.

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.