Leigh Baldwin & CO. LLC Invests $11.29 Million in Suncor Energy Inc. (NYSE:SU)

Leigh Baldwin & CO. LLC acquired a new stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 316,431 shares of the oil and gas producer’s stock, valued at approximately $11,290,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SU. Wealth Enhancement Advisory Services LLC grew its stake in shares of Suncor Energy by 0.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 112,925 shares of the oil and gas producer’s stock worth $4,169,000 after acquiring an additional 321 shares in the last quarter. Trust Co. of Toledo NA OH grew its holdings in shares of Suncor Energy by 14.4% in the 4th quarter. Trust Co. of Toledo NA OH now owns 22,981 shares of the oil and gas producer’s stock valued at $820,000 after acquiring an additional 2,885 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Suncor Energy during the fourth quarter valued at approximately $107,000. 180 Wealth Advisors LLC grew its stake in Suncor Energy by 8.3% in the fourth quarter. 180 Wealth Advisors LLC now owns 15,456 shares of the oil and gas producer’s stock valued at $551,000 after purchasing an additional 1,189 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Suncor Energy by 1,324.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,469,008 shares of the oil and gas producer’s stock valued at $123,774,000 after buying an additional 3,225,543 shares during the last quarter. 67.37% of the stock is owned by institutional investors and hedge funds.

Suncor Energy Stock Performance

NYSE:SU opened at $34.97 on Monday. Suncor Energy Inc. has a twelve month low of $30.79 and a twelve month high of $41.95. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. The stock’s 50-day simple moving average is $35.59 and its 200 day simple moving average is $37.40. The firm has a market capitalization of $43.12 billion, a PE ratio of 10.14, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported $0.91 EPS for the quarter, beating the consensus estimate of $0.86 by $0.05. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. The business had revenue of $9.10 billion during the quarter, compared to the consensus estimate of $13.39 billion. During the same quarter in the prior year, the firm earned $1.41 EPS. On average, analysts anticipate that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be paid a $0.4133 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $1.65 annualized dividend and a dividend yield of 4.73%. This is an increase from Suncor Energy’s previous quarterly dividend of $0.40. Suncor Energy’s dividend payout ratio is currently 45.24%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Tudor Pickering upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Cibc World Mkts upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 11th. Scotiabank upgraded 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 research report on Monday, February 10th. Finally, StockNews.com cut Suncor Energy from a “buy” rating to a “hold” rating in a report on Thursday, April 17th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Suncor Energy currently has an average 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.