Suncor Energy (NYSE:SU) Upgraded at StockNews.com

StockNews.com upgraded shares of Suncor Energy (NYSE:SU) (TSE:SU) from a hold rating to a buy rating in a research note published on Saturday morning.

Other equities research analysts have also issued research reports about the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $66.00 target price on shares of Suncor Energy in a research note on Tuesday, January 7th. Tudor Pickering upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. Morgan Stanley lowered shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Finally, Cibc World Mkts upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Four equities 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. According to MarketBeat, Suncor Energy presently has an average rating of “Moderate Buy” and an average target price of $58.00.

Suncor Energy Trading Up 2.6 %

NYSE SU opened at $38.41 on Friday. The firm has a market capitalization of $47.52 billion, a price-to-earnings ratio of 11.13, a PEG 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 has a one year low of $33.81 and a one year high of $41.95. The company’s 50 day moving average price is $38.20 and its 200 day moving average price is $38.14.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS 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%. On average, sell-side analysts predict that Suncor Energy will post 3.42 EPS for the current year.

Suncor Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th will be issued a $0.399 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.15%. Suncor Energy’s dividend payout ratio (DPR) is presently 45.51%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SU. Vanguard Group Inc. grew its position in Suncor Energy by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 53,019,357 shares of the oil and gas producer’s stock valued at $1,892,526,000 after buying an additional 323,714 shares in the last quarter. Artisan Partners Limited Partnership lifted its holdings in Suncor Energy by 0.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 24,289,019 shares of the oil and gas producer’s stock valued at $865,885,000 after acquiring an additional 169,700 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Suncor Energy by 0.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 23,308,055 shares of the oil and gas producer’s stock valued at $831,631,000 after purchasing an additional 209,447 shares in the last quarter. Toronto Dominion Bank lifted its stake in Suncor Energy by 3.0% during the fourth quarter. Toronto Dominion Bank now owns 19,098,225 shares of the oil and gas producer’s stock valued at $680,847,000 after purchasing an additional 552,018 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Suncor Energy by 4.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 10,981,927 shares of the oil and gas producer’s stock worth $391,809,000 after buying an additional 445,613 shares in the last quarter. Institutional investors own 67.37% of the company’s stock.

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.