Wahed Invest LLC Acquires 2,112 Shares of Suncor Energy Inc. (NYSE:SU)

Wahed Invest LLC increased its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 12.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,056 shares of the oil and gas producer’s stock after buying an additional 2,112 shares during the period. Wahed Invest LLC’s holdings in Suncor Energy were worth $680,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. HHM Wealth Advisors LLC lifted its holdings in shares of 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 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 in the 4th quarter valued at $35,000. Lee Danner & Bass Inc. acquired a new stake in shares of Suncor Energy in the 4th quarter valued at $36,000. Golden State Wealth Management LLC bought a new position in shares of Suncor Energy in the 4th quarter valued at $39,000. Finally, Covestor Ltd raised its holdings 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 worth $39,000 after buying an additional 256 shares in the last quarter. 67.37% of the stock is currently owned by institutional investors.

Suncor Energy Stock Performance

NYSE SU opened at $36.03 on Friday. The company has a market capitalization of $44.43 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 2.94 and a beta of 0.79. Suncor Energy Inc. has a twelve month low of $30.79 and a twelve month high of $41.95. The stock has a fifty day simple moving average of $35.85 and a 200 day simple moving average of $37.57. 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 issued its quarterly earnings data 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 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 EPS for the current year.

Suncor Energy Cuts Dividend

The company 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 of this dividend was Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.43%. Suncor Energy’s dividend payout ratio (DPR) is currently 45.51%.

Analyst Ratings Changes

A number of research analysts have issued reports on SU shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $66.00 target price on shares of Suncor Energy in a research report on Tuesday, January 7th. Tudor Pickering raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Cibc World Mkts raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 11th. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. Finally, StockNews.com cut Suncor Energy from a “buy” rating to a “hold” rating in a research note on Thursday, April 17th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Suncor Energy presently has a consensus rating of “Moderate Buy” and an average 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.