Suncor Energy Inc. (NYSE:SU) Shares Purchased by SCP Investment LP

SCP Investment LP grew its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 31.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,800 shares of the oil and gas producer’s stock after purchasing an additional 6,000 shares during the period. Suncor Energy accounts for 0.7% of SCP Investment LP’s portfolio, making the stock its 20th biggest position. SCP Investment LP’s holdings in Suncor Energy were worth $885,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SU. Principal Securities Inc. lifted its stake in Suncor Energy by 2.2% in the fourth quarter. Principal Securities Inc. now owns 12,423 shares of the oil and gas producer’s stock valued at $443,000 after buying an additional 265 shares during the last quarter. X Square Capital LLC increased its holdings in shares of Suncor Energy by 0.3% in the 4th quarter. X Square Capital LLC now owns 82,720 shares of the oil and gas producer’s stock worth $2,951,000 after acquiring an additional 267 shares during the period. UMB Bank n.a. lifted its position in Suncor Energy by 27.5% in the 4th quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer’s stock valued at $50,000 after purchasing an additional 300 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Suncor Energy by 0.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 112,925 shares of the oil and gas producer’s stock valued at $4,169,000 after purchasing an additional 321 shares during the period. Finally, HHM Wealth Advisors LLC grew its position in Suncor Energy by 62.1% in the 4th 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. 67.37% of the stock is currently owned by institutional investors.

Suncor Energy Trading Down 0.7 %

Suncor Energy stock opened at $38.36 on Friday. Suncor Energy Inc. has a 1 year low of $33.81 and a 1 year high of $41.95. The firm’s 50 day moving average price is $38.13 and its two-hundred day moving average price is $38.17. The firm has a market cap of $47.45 billion, a price-to-earnings ratio of 11.12, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11. 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 (NYSE:SU) (TSE:SU) last announced its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (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%. On average, research analysts predict that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th were given a $0.399 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.16%. The ex-dividend date was Tuesday, March 4th. Suncor Energy’s dividend payout ratio (DPR) is currently 45.51%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SU shares. Morgan Stanley downgraded Suncor Energy from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 16th. Scotiabank upgraded Suncor Energy to a “hold” rating in a research report on Wednesday, March 19th. Cibc World Mkts raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a $66.00 target price on shares of Suncor Energy in a research report on Tuesday, January 7th. Finally, Tudor Pickering upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $59.20.

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.