Suncor Energy Inc. (NYSE:SU) Shares Purchased by NewEdge Advisors LLC

NewEdge Advisors LLC grew its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 12.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 54,845 shares of the oil and gas producer’s stock after acquiring an additional 6,152 shares during the quarter. NewEdge Advisors LLC’s holdings in Suncor Energy were worth $1,957,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of SU. HHM Wealth Advisors LLC boosted its stake in Suncor Energy by 62.1% during the 4th quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer’s stock valued at $30,000 after purchasing an additional 325 shares in the last quarter. Crowley Wealth Management Inc. acquired a new position in Suncor Energy during the fourth quarter worth about $35,000. Lee Danner & Bass Inc. bought a new stake in Suncor Energy in the fourth quarter worth about $36,000. Golden State Wealth Management LLC acquired a new stake in Suncor Energy in the 4th quarter valued at about $39,000. Finally, Covestor Ltd boosted its position in shares of Suncor Energy by 30.5% during the 4th quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer’s stock valued at $39,000 after purchasing an additional 256 shares in the last quarter. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Stock Up 2.4 %

Shares of Suncor Energy stock opened at $35.40 on Wednesday. Suncor Energy Inc. has a 1 year low of $30.79 and a 1 year high of $41.95. The company has a market cap of $43.79 billion, a P/E ratio of 10.26, a P/E/G ratio of 2.94 and a beta of 0.79. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average price of $36.48 and a 200 day moving average price of $37.78.

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

Suncor Energy Cuts Dividend

The business also recently announced 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 dividend yield of 4.51%. The ex-dividend date was Tuesday, March 4th. Suncor Energy’s dividend payout ratio (DPR) is currently 45.51%.

Wall Street Analyst Weigh In

SU has been the subject of several recent research reports. Tudor Pickering raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. StockNews.com downgraded Suncor Energy from a “buy” rating to a “hold” rating in a research report on Thursday, April 17th. Tudor, Pickering, Holt & Co. upgraded Suncor Energy from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Bank of America assumed coverage on Suncor Energy in a report on Wednesday, February 26th. They set a “neutral” rating for the company. Finally, Scotiabank raised Suncor Energy to a “hold” rating in a research note on Wednesday, March 19th. Five research 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 MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.20.

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.