7,940 Shares in Suncor Energy Inc. (NYSE:SU) Bought by Roxbury Financial LLC

Roxbury Financial LLC bought a new position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 7,940 shares of the oil and gas producer’s stock, valued at approximately $313,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SU. CWM LLC lifted its holdings in Suncor Energy by 20.2% during the third quarter. CWM LLC now owns 5,312 shares of the oil and gas producer’s stock worth $196,000 after acquiring an additional 894 shares in the last quarter. Creative Planning lifted its holdings in Suncor Energy by 4.5% during the third quarter. Creative Planning now owns 261,240 shares of the oil and gas producer’s stock worth $9,645,000 after acquiring an additional 11,205 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Suncor Energy by 2.5% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 37,609 shares of the oil and gas producer’s stock worth $1,389,000 after acquiring an additional 917 shares in the last quarter. Stonegate Investment Group LLC bought a new stake in shares of Suncor Energy in the third quarter valued at about $216,000. Finally, Net Worth Advisory Group bought a new stake in shares of Suncor Energy in the third quarter valued at about $286,000. 67.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Cibc World Mkts upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Tudor Pickering upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Royal Bank of Canada restated an “outperform” rating and issued a $66.00 price target on shares of Suncor Energy in a report on Tuesday, January 7th. Desjardins upgraded Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Finally, StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $58.00.

Suncor Energy Price Performance

NYSE:SU opened at $39.53 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.04 and a current ratio of 1.59. The stock’s 50-day simple moving average is $37.71 and its 200 day simple moving average is $38.59. The company has a market cap of $49.20 billion, a P/E ratio of 11.46, a P/E/G ratio of 2.96 and a beta of 1.12. Suncor Energy Inc. has a 52-week low of $31.46 and a 52-week high of $41.94.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.07. Suncor Energy had a return on equity of 15.33% and a net margin of 11.80%. As a group, sell-side analysts forecast that Suncor Energy Inc. will post 3.25 EPS for the current fiscal year.

Suncor Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th will be given a dividend of $0.399 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date is Tuesday, March 4th. Suncor Energy’s dividend payout ratio (DPR) is presently 46.67%.

Suncor Energy Company 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.