Guggenheim Capital LLC Buys 878 Shares of Suncor Energy Inc. (NYSE:SU)

Guggenheim Capital LLC lifted its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 8.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,759 shares of the oil and gas producer’s stock after buying an additional 878 shares during the quarter. Guggenheim Capital LLC’s holdings in Suncor Energy were worth $384,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in SU. HHM Wealth Advisors LLC lifted its holdings in Suncor Energy by 62.1% during the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer’s stock valued at $30,000 after purchasing an additional 325 shares in the last quarter. Crowley Wealth Management Inc. purchased a new position in shares of Suncor Energy during the 4th quarter valued at $35,000. Lee Danner & Bass Inc. bought a new position in Suncor Energy in the 4th quarter worth $36,000. Golden State Wealth Management LLC purchased a new stake in Suncor Energy in the 4th quarter worth $39,000. Finally, Covestor Ltd raised its holdings in Suncor Energy by 30.5% during the fourth quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer’s stock valued at $39,000 after acquiring an additional 256 shares during the period. 67.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SU has been the subject of a number of recent analyst reports. Tudor, Pickering, Holt & Co. raised Suncor Energy from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. StockNews.com downgraded Suncor Energy from a “buy” rating to a “hold” rating in a research note on Thursday, April 17th. Cibc World Mkts upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 11th. Bank of America started coverage on shares of Suncor Energy in a research report on Wednesday, February 26th. They set a “neutral” rating for the company. Finally, Scotiabank upgraded shares of Suncor Energy to a “hold” rating in a report on Wednesday, March 19th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $59.20.

Suncor Energy Stock Performance

Shares of Suncor Energy stock opened at $35.58 on Friday. 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 fifty day moving average is $36.23 and its two-hundred day moving average is $37.69. Suncor Energy Inc. has a 52 week low of $30.79 and a 52 week high of $41.95. The company has a market capitalization of $44.02 billion, a PE ratio of 10.31, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS for the quarter, topping the consensus estimate of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. As a group, analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th were paid a dividend of $0.399 per share. The ex-dividend date was Tuesday, March 4th. This represents a $1.60 annualized dividend and a dividend yield of 4.49%. Suncor Energy’s dividend payout ratio is currently 45.51%.

About Suncor Energy

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.