Suncor Energy Inc. (NYSE:SU) Shares Acquired by First Bank & Trust

First Bank & Trust lifted its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 20.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,067 shares of the oil and gas producer’s stock after acquiring an additional 1,868 shares during the period. First Bank & Trust’s holdings in Suncor Energy were worth $395,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sanctuary Advisors LLC increased its position in Suncor Energy by 32.3% in the third quarter. Sanctuary Advisors LLC now owns 82,204 shares of the oil and gas producer’s stock worth $3,035,000 after buying an additional 20,081 shares during the period. Intech Investment Management LLC increased its position in Suncor Energy by 1,345.8% in the third quarter. Intech Investment Management LLC now owns 468,415 shares of the oil and gas producer’s stock worth $17,309,000 after buying an additional 436,016 shares during the period. Aigen Investment Management LP acquired a new stake in Suncor Energy in the third quarter worth $1,376,000. Assenagon Asset Management S.A. increased its position in Suncor Energy by 1,324.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 3,469,008 shares of the oil and gas producer’s stock worth $123,774,000 after buying an additional 3,225,543 shares during the period. Finally, DRW Securities LLC acquired a new stake in Suncor Energy in the third quarter worth $1,151,000. 67.37% of the stock is owned by institutional investors and hedge funds.

Suncor Energy Trading Up 0.8 %

Shares of SU stock opened at $40.19 on Friday. The stock has a 50-day simple moving average of $37.89 and a 200 day simple moving average of $38.64. Suncor Energy Inc. has a fifty-two week low of $32.64 and a fifty-two week high of $41.94. The stock has a market capitalization of $50.02 billion, a P/E ratio of 11.65, a P/E/G ratio of 2.91 and a beta of 1.12. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21.

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 for the quarter, beating the consensus estimate 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, sell-side analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th will be paid a dividend of $0.399 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.60 annualized dividend and a yield of 3.97%. Suncor Energy’s dividend payout ratio is currently 46.67%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Tudor, Pickering, Holt & Co. raised Suncor Energy from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. Cibc World Mkts raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 11th. Desjardins raised Suncor Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Finally, Morgan Stanley cut Suncor Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.