Corient Private Wealth LLC Raises Stake in Suncor Energy Inc. (NYSE:SU)

Corient Private Wealth LLC raised its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 69.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 748,865 shares of the oil and gas producer’s stock after buying an additional 307,469 shares during the quarter. Corient Private Wealth LLC owned approximately 0.06% of Suncor Energy worth $26,720,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC grew its holdings in shares of Suncor Energy by 32.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 82,204 shares of the oil and gas producer’s stock worth $3,035,000 after purchasing an additional 20,081 shares during the period. Jones Financial Companies Lllp boosted its holdings in Suncor Energy by 86.0% during the 4th quarter. Jones Financial Companies Lllp now owns 67,848 shares of the oil and gas producer’s stock valued at $2,421,000 after acquiring an additional 31,366 shares during the period. Sage Investment Counsel LLC purchased a new position in Suncor Energy during the 4th quarter valued at about $300,000. Intech Investment Management LLC boosted its holdings in Suncor Energy by 1,345.8% during the 3rd quarter. Intech Investment Management LLC now owns 468,415 shares of the oil and gas producer’s stock valued at $17,309,000 after acquiring an additional 436,016 shares during the period. Finally, J.W. Cole Advisors Inc. purchased a new position in Suncor Energy during the 4th quarter valued at about $236,000. 67.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SU shares. StockNews.com lowered Suncor Energy from a “buy” rating to a “hold” rating in a research report on Friday, March 14th. Tudor, Pickering, Holt & Co. raised Suncor Energy from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. Bank of America started coverage on Suncor Energy in a research report on Wednesday, February 26th. They issued a “neutral” rating on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $66.00 price target on shares of Suncor Energy in a research report on Tuesday, January 7th. Finally, Tudor Pickering raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Suncor Energy Trading Down 0.1 %

SU opened at $37.61 on Wednesday. The firm has a market cap of $46.52 billion, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11. Suncor Energy Inc. has a 52 week low of $33.81 and a 52 week high of $41.95. The business’s 50 day moving average is $38.29 and its two-hundred day moving average is $38.18. 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 released its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS for the quarter, topping 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, research analysts predict that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th will be given a dividend of $0.399 per share. This represents a $1.60 annualized dividend and a yield of 4.24%. The ex-dividend date is Tuesday, March 4th. Suncor Energy’s dividend payout ratio (DPR) is 45.51%.

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.