Foster & Motley Inc. Raises Stock Position in Suncor Energy Inc. (NYSE:SU)

Foster & Motley Inc. lifted its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 90.6% during the 1st quarter, Holdings Channel.com reports. The fund owned 40,108 shares of the oil and gas producer’s stock after buying an additional 19,064 shares during the period. Foster & Motley Inc.’s holdings in Suncor Energy were worth $1,553,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of SU. Hanson & Doremus Investment Management boosted its position in shares of Suncor Energy by 143.5% in the 1st quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer’s stock worth $31,000 after buying an additional 465 shares in the last quarter. Salem Investment Counselors Inc. raised its position in Suncor Energy by 97.6% during the first quarter. Salem Investment Counselors Inc. now owns 820 shares of the oil and gas producer’s stock worth $32,000 after acquiring an additional 405 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of Suncor Energy in the first quarter valued at about $36,000. Covestor Ltd grew its position in shares of Suncor Energy by 30.5% in the fourth quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer’s stock valued at $39,000 after purchasing an additional 256 shares during the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in shares of Suncor Energy in the first quarter valued at approximately $42,000. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Stock Performance

Shares of SU stock opened at $39.74 on Thursday. The company has a market cap of $48.59 billion, a P/E ratio of 11.45, a PEG ratio of 3.53 and a beta of 0.80. The business has a 50 day moving average of $38.34 and a two-hundred day moving average of $37.39. Suncor Energy Inc. has a 52 week low of $30.79 and a 52 week high of $41.94. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 0.21.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.05. Suncor Energy had a net margin of 11.95% and a return on equity of 14.90%. The firm had revenue of $9.10 billion for the quarter, compared to the consensus estimate of $13.39 billion. During the same period last year, the firm posted $1.41 EPS. As a group, analysts anticipate that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were given a dividend of $0.4133 per share. The ex-dividend date was Wednesday, June 4th. This is a boost from Suncor Energy’s previous quarterly dividend of $0.40. This represents a $1.65 annualized dividend and a dividend yield of 4.16%. Suncor Energy’s dividend payout ratio (DPR) is 47.84%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Suncor Energy from a “buy” rating to a “hold” rating in a research report on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $66.00.

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.