CenterBook Partners LP Raises Holdings in Suncor Energy Inc. (NYSE:SU)

CenterBook Partners LP increased its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 19.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,991 shares of the oil and gas producer’s stock after buying an additional 4,469 shares during the period. CenterBook Partners LP’s holdings in Suncor Energy were worth $963,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SU. Principal Securities Inc. increased its holdings in shares of Suncor Energy by 2.2% in the 4th quarter. Principal Securities Inc. now owns 12,423 shares of the oil and gas producer’s stock worth $443,000 after buying an additional 265 shares during the last quarter. X Square Capital LLC increased its stake in Suncor Energy by 0.3% during the fourth quarter. X Square Capital LLC now owns 82,720 shares of the oil and gas producer’s stock worth $2,951,000 after acquiring an additional 267 shares during the last quarter. UMB Bank n.a. raised its position 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 valued at $50,000 after purchasing an additional 300 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Suncor Energy by 0.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 112,925 shares of the oil and gas producer’s stock valued at $4,169,000 after purchasing an additional 321 shares during the last quarter. Finally, HHM Wealth Advisors LLC boosted its holdings in shares of Suncor Energy by 62.1% in the 4th quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer’s stock worth $30,000 after purchasing an additional 325 shares during the period. 67.37% of the stock is owned by institutional investors.

Suncor Energy Stock Up 3.9 %

Shares of NYSE SU opened at $33.48 on Friday. The stock has a 50 day moving average price of $37.20 and a 200 day moving average price of $37.97. The firm has a market capitalization of $41.42 billion, a price-to-earnings ratio of 9.70, a PEG ratio of 2.94 and a beta of 0.79. Suncor Energy Inc. has a 52-week low of $30.79 and a 52-week high of $41.95. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS 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%. Sell-side analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th were given a $0.399 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $1.60 annualized dividend and a dividend yield of 4.77%. Suncor Energy’s payout ratio is presently 45.51%.

Analysts Set New Price Targets

Several research firms recently weighed in on SU. StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a report on Wednesday. Morgan Stanley lowered shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Cibc World Mkts upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Scotiabank raised shares of Suncor Energy to a “hold” rating in a research report on Wednesday, March 19th. Finally, Tudor Pickering upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.20.

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.