OLD National Bancorp IN Has $244,000 Holdings in Suncor Energy Inc. (NYSE:SU)

OLD National Bancorp IN lessened its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 7.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 7,608 shares of the oil and gas producer’s stock after selling 618 shares during the quarter. OLD National Bancorp IN’s holdings in Suncor Energy were worth $244,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Signaturefd LLC boosted its holdings in shares of Suncor Energy by 10.7% in the fourth quarter. Signaturefd LLC now owns 22,502 shares of the oil and gas producer’s stock valued at $721,000 after buying an additional 2,177 shares during the period. Mraz Amerine & Associates Inc. boosted its holdings in Suncor Energy by 14.4% during the fourth quarter. Mraz Amerine & Associates Inc. now owns 24,219 shares of the oil and gas producer’s stock worth $776,000 after purchasing an additional 3,045 shares during the last quarter. Cullen Investment Group LTD. acquired a new position in Suncor Energy during the fourth quarter worth $1,150,000. Beverly Hills Private Wealth LLC acquired a new position in Suncor Energy during the fourth quarter worth $371,000. Finally, NewEdge Wealth LLC raised its position in Suncor Energy by 9.9% during the fourth quarter. NewEdge Wealth LLC now owns 587,664 shares of the oil and gas producer’s stock worth $18,829,000 after acquiring an additional 52,802 shares in the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Stock Up 0.4 %

NYSE:SU opened at $39.44 on Friday. The firm’s 50 day simple moving average is $36.32 and its 200 day simple moving average is $33.86. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.44 and a quick ratio of 0.88. Suncor Energy Inc. has a one year low of $27.59 and a one year high of $39.63. The company has a market cap of $50.77 billion, a PE ratio of 8.39, a P/E/G ratio of 3.46 and a beta of 1.13.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings results on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.13. Suncor Energy had a net margin of 16.33% and a return on equity of 16.08%. The firm had revenue of $10.39 billion during the quarter, compared to analyst estimates of $8.46 billion. During the same quarter last year, the business earned $1.33 EPS. On average, research analysts anticipate that Suncor Energy Inc. will post 3.78 earnings per share for the current year.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 4th were issued a dividend of $0.406 per share. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.39. The ex-dividend date was Friday, March 1st. This represents a $1.62 annualized dividend and a yield of 4.12%. Suncor Energy’s dividend payout ratio (DPR) is presently 34.26%.

Analysts Set New Price Targets

Several research firms have issued reports on SU. Morgan Stanley upped their price target on shares of Suncor Energy from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $52.00.

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.