Robertson Stephens Wealth Management LLC Increases Stake in Suncor Energy Inc. (NYSE:SU)

Robertson Stephens Wealth Management LLC lifted its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 5.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,591 shares of the oil and gas producer’s stock after buying an additional 1,103 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Suncor Energy were worth $806,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Eastern Bank bought a new stake in Suncor Energy during the third quarter worth about $25,000. HHM Wealth Advisors LLC boosted its stake 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 acquiring an additional 325 shares in the last quarter. Waldron Private Wealth LLC bought a new stake in Suncor Energy during the third quarter worth about $49,000. UMB Bank n.a. boosted its stake in Suncor Energy by 27.5% during the fourth quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer’s stock worth $50,000 after acquiring an additional 300 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. boosted its stake in Suncor Energy by 2,311.0% during the third quarter. Transamerica Financial Advisors Inc. now owns 1,977 shares of the oil and gas producer’s stock worth $73,000 after acquiring an additional 1,895 shares in the last quarter. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Suncor Energy Stock Up 0.8 %

SU opened at $38.73 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average price of $37.65 and a 200-day moving average price of $38.54. Suncor Energy Inc. has a twelve month low of $31.25 and a twelve month high of $41.94. The stock has a market capitalization of $48.20 billion, a price-to-earnings ratio of 8.44, a PEG ratio of 2.89 and a beta of 1.12.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.07. Suncor Energy had a net margin of 15.19% and a return on equity of 15.67%. Equities research analysts forecast that Suncor Energy Inc. will post 3.7 earnings per share for the current year.

Suncor Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.399 per share. The ex-dividend date is Tuesday, March 4th. This represents a $1.60 annualized dividend and a dividend yield of 4.12%. Suncor Energy’s payout ratio is 35.08%.

Wall Street Analysts Forecast Growth

SU has been the topic of several research reports. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. Royal Bank of Canada reissued an “outperform” rating and set a $66.00 price objective on shares of Suncor Energy in a research note on Tuesday, January 7th. Morgan Stanley downgraded shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. Finally, Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $58.00.

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.