FDx Advisors Inc. increased its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 236.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 71,711 shares of the oil and gas producer’s stock after purchasing an additional 50,367 shares during the quarter. FDx Advisors Inc.’s holdings in Suncor Energy were worth $2,006,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the stock. CLARET ASSET MANAGEMENT Corp increased its position in Suncor Energy by 12.6% during the fourth quarter. CLARET ASSET MANAGEMENT Corp now owns 27,686 shares of the oil and gas producer’s stock worth $774,000 after acquiring an additional 3,100 shares during the period. Eaton Vance Management increased its holdings in Suncor Energy by 3.7% in the 4th quarter. Eaton Vance Management now owns 47,345 shares of the oil and gas producer’s stock valued at $1,324,000 after buying an additional 1,692 shares during the period. Synovus Financial Corp increased its holdings in Suncor Energy by 5.6% in the 4th quarter. Synovus Financial Corp now owns 18,938 shares of the oil and gas producer’s stock valued at $528,000 after buying an additional 996 shares during the period. Barings LLC increased its holdings in Suncor Energy by 5.6% in the 4th quarter. Barings LLC now owns 1,024,388 shares of the oil and gas producer’s stock valued at $28,652,000 after buying an additional 54,306 shares during the period. Finally, Check Capital Management Inc. CA increased its holdings in Suncor Energy by 7.7% in the 4th quarter. Check Capital Management Inc. CA now owns 1,681,876 shares of the oil and gas producer’s stock valued at $47,042,000 after buying an additional 120,956 shares during the period. 66.63% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have commented on SU. GMP Securities reissued a “hold” rating and issued a $47.00 target price on shares of Suncor Energy in a report on Thursday, February 7th. Raymond James reissued a “buy” rating on shares of Suncor Energy in a report on Monday, December 17th. Credit Suisse Group began coverage on shares of Suncor Energy in a report on Monday, January 28th. They issued a “neutral” rating and a $32.02 target price on the stock. TheStreet lowered shares of Suncor Energy from a “b-” rating to a “c+” rating in a report on Monday, February 11th. Finally, Mizuho reissued an “average” rating and issued a $52.00 target price on shares of Suncor Energy in a report on Monday, December 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $48.69.
Shares of Suncor Energy stock opened at $34.10 on Friday. The company has a market cap of $54.37 billion, a P/E ratio of 17.05, a P/E/G ratio of 2.13 and a beta of 1.14. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.54 and a current ratio of 0.84. Suncor Energy Inc. has a 1 year low of $25.81 and a 1 year high of $42.55.
Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings results on Tuesday, February 5th. The oil and gas producer reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.11). The company had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $8.13 billion. Suncor Energy had a net margin of 8.48% and a return on equity of 9.50%. Equities research analysts forecast that Suncor Energy Inc. will post 1.83 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 25th. Investors of record on Monday, March 4th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, March 1st. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.27. This represents a $1.28 annualized dividend and a dividend yield of 3.75%. Suncor Energy’s payout ratio is 54.00%.
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About Suncor Energy
Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.
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