World Investment Advisors Boosts Position in Suncor Energy Inc. (NYSE:SU)

World Investment Advisors lifted its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 55.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,310 shares of the oil and gas producer’s stock after acquiring an additional 8,669 shares during the quarter. World Investment Advisors’ holdings in Suncor Energy were worth $867,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. HHM Wealth Advisors LLC grew its holdings 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 during the period. Crowley Wealth Management Inc. acquired a new stake in shares of Suncor Energy during the 4th quarter worth approximately $35,000. Lee Danner & Bass Inc. purchased a new position in shares of Suncor Energy during the 4th quarter valued at approximately $36,000. Golden State Wealth Management LLC acquired a new position in shares of Suncor Energy in the 4th quarter valued at $39,000. Finally, Stonebridge Financial Group LLC purchased a new stake in Suncor Energy during the fourth quarter worth $45,000. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Analyst Upgrades and Downgrades

SU has been the subject of a number of recent analyst reports. Cibc World Mkts raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Scotiabank raised Suncor Energy to a “hold” rating in a report on Wednesday, March 19th. Tudor, Pickering, Holt & Co. raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Bank of America started coverage on Suncor Energy in a research note on Wednesday, February 26th. They set a “neutral” rating for the company. Finally, Tudor Pickering raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Four investment 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $59.20.

Suncor Energy Trading Down 9.8 %

Shares of SU opened at $33.19 on Monday. The firm’s fifty day moving average is $37.94 and its two-hundred day moving average is $38.21. The stock has a market cap of $41.06 billion, a PE ratio of 9.62, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11. 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 Inc. has a 52-week low of $32.20 and a 52-week high of $41.95.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. Research analysts forecast that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.399 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date of this dividend was Tuesday, March 4th. Suncor Energy’s dividend payout ratio (DPR) is currently 45.51%.

About Suncor Energy

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.