Signaturefd LLC Boosts Holdings in Suncor Energy Inc. (NYSE:SU)

Signaturefd LLC raised its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 10.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 22,502 shares of the oil and gas producer’s stock after purchasing an additional 2,177 shares during the period. Signaturefd LLC’s holdings in Suncor Energy were worth $721,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Arlington Trust Co LLC purchased a new position in Suncor Energy during the 3rd quarter valued at about $29,000. Optiver Holding B.V. acquired a new position in Suncor Energy during the third quarter valued at approximately $29,000. Headinvest LLC acquired a new position in Suncor Energy during the third quarter valued at approximately $40,000. Private Trust Co. NA lifted its position in Suncor Energy by 38.4% during the third quarter. Private Trust Co. NA now owns 1,222 shares of the oil and gas producer’s stock valued at $42,000 after buying an additional 339 shares in the last quarter. Finally, Bruce G. Allen Investments LLC acquired a new position in Suncor Energy during the fourth quarter valued at approximately $46,000. 67.37% of the stock is currently owned by hedge funds and other institutional investors.

Suncor Energy Trading Up 0.2 %

SU opened at $39.15 on Wednesday. The stock has a market capitalization of $50.40 billion, a PE ratio of 8.33, a P/E/G ratio of 3.44 and a beta of 1.13. The firm’s fifty day moving average price is $36.03 and its 200 day moving average price is $33.79. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.44 and a quick ratio of 0.88. Suncor Energy Inc. has a 12-month low of $27.59 and a 12-month high of $39.34.

Suncor Energy (NYSE:SU) (TSE:SU) last released its earnings results on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.13. Suncor Energy had a net margin of 16.33% and a return on equity of 16.08%. The firm had revenue of $10.39 billion during the quarter, compared to analyst estimates of $8.46 billion. During the same quarter in the previous year, the firm earned $1.33 earnings per share. As a group, research analysts expect that Suncor Energy Inc. will post 3.78 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 4th were paid a dividend of $0.406 per share. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.39. The ex-dividend date was Friday, March 1st. This represents a $1.62 annualized dividend and a yield of 4.15%. Suncor Energy’s payout ratio is presently 34.26%.

Analysts Set New Price Targets

SU has been the topic of a number of recent research reports. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. Morgan Stanley boosted their target price on shares of Suncor Energy from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $52.00.

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.