Suncor Energy Inc. (NYSE:SU) Shares Bought by Gold Investment Management Ltd.

Gold Investment Management Ltd. increased its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 1.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 144,814 shares of the oil and gas producer’s stock after buying an additional 2,418 shares during the quarter. Suncor Energy accounts for about 2.2% of Gold Investment Management Ltd.’s investment portfolio, making the stock its 10th largest holding. Gold Investment Management Ltd.’s holdings in Suncor Energy were worth $5,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in SU. Corient Private Wealth LLC increased its holdings in Suncor Energy by 69.7% in the 4th quarter. Corient Private Wealth LLC now owns 748,865 shares of the oil and gas producer’s stock valued at $26,720,000 after buying an additional 307,469 shares during the period. Ninepoint Partners LP increased its stake in Suncor Energy by 2,030.3% in the fourth quarter. Ninepoint Partners LP now owns 1,573,648 shares of the oil and gas producer’s stock valued at $56,148,000 after acquiring an additional 1,499,779 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Suncor Energy by 17.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 71,712 shares of the oil and gas producer’s stock valued at $2,559,000 after purchasing an additional 10,644 shares in the last quarter. Intact Investment Management Inc. increased its stake in shares of Suncor Energy by 1.2% in the 4th quarter. Intact Investment Management Inc. now owns 2,131,184 shares of the oil and gas producer’s stock valued at $76,062,000 after purchasing an additional 24,730 shares during the last quarter. Finally, Aviso Financial Inc. raised its holdings in shares of Suncor Energy by 5.9% during the 4th quarter. Aviso Financial Inc. now owns 147,055 shares of the oil and gas producer’s stock worth $5,248,000 after buying an additional 8,257 shares in the last quarter. Institutional investors own 67.37% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on SU shares. Tudor Pickering raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $66.00 price objective on shares of Suncor Energy in a research report on Tuesday, January 7th. StockNews.com lowered shares of Suncor Energy from a “buy” rating to a “hold” rating in a research report on Friday. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Finally, Bank of America initiated coverage on Suncor Energy in a research report on Wednesday, February 26th. They set a “neutral” rating on the stock. Five equities 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $58.00.

Suncor Energy Stock Up 2.3 %

Shares of SU opened at $36.63 on Monday. The stock’s 50-day moving average price is $38.29 and its two-hundred day moving average price is $38.22. Suncor Energy Inc. has a 12 month low of $33.81 and a 12 month high of $41.95. The company has a market capitalization of $45.32 billion, a PE ratio of 10.62, a PEG ratio of 2.94 and a beta of 1.11. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 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%. On average, analysts anticipate that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th will be given a dividend of $0.399 per share. This represents a $1.60 annualized dividend and a dividend yield of 4.36%. The ex-dividend date is Tuesday, March 4th. Suncor Energy’s dividend payout ratio (DPR) is presently 45.51%.

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.