Signaturefd LLC Has $721,000 Stock Position in Suncor Energy Inc. (NYSE:SU)

Signaturefd LLC increased its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 10.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,502 shares of the oil and gas producer’s stock after buying an additional 2,177 shares during the quarter. Signaturefd LLC’s holdings in Suncor Energy were worth $721,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of SU. Invesco Ltd. raised its stake in shares of Suncor Energy by 35.0% in the third quarter. Invesco Ltd. now owns 16,466,624 shares of the oil and gas producer’s stock worth $566,123,000 after purchasing an additional 4,271,009 shares during the last quarter. Alberta Investment Management Corp raised its stake in shares of Suncor Energy by 113.8% in the third quarter. Alberta Investment Management Corp now owns 7,630,881 shares of the oil and gas producer’s stock worth $263,614,000 after purchasing an additional 4,062,019 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Suncor Energy by 307.1% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,338,858 shares of the oil and gas producer’s stock worth $114,869,000 after purchasing an additional 2,518,758 shares during the last quarter. Ninepoint Partners LP purchased a new stake in shares of Suncor Energy in the third quarter worth approximately $77,355,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Suncor Energy by 51.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,083,473 shares of the oil and gas producer’s stock worth $209,198,000 after purchasing an additional 2,060,129 shares during the last quarter. 67.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SU shares. Morgan Stanley increased their price objective on Suncor Energy from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $52.00.

Suncor Energy Stock Performance

SU stock opened at $39.15 on Wednesday. The firm has a market cap of $50.40 billion, a PE ratio of 8.33, a P/E/G ratio of 3.44 and a beta of 1.13. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.26. The business has a 50 day moving average of $36.03 and a 200-day moving average of $33.79. Suncor Energy Inc. has a 12-month low of $27.59 and a 12-month high of $39.34.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings data on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.13. Suncor Energy had a return on equity of 16.08% and a net margin of 16.33%. The business had revenue of $10.39 billion during the quarter, compared to analyst estimates of $8.46 billion. During the same period in the prior year, the company earned $1.33 earnings per share. As a group, sell-side analysts expect that Suncor Energy Inc. will post 3.78 earnings per share for the current year.

Suncor Energy Increases Dividend

The company also recently disclosed 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 represents a $1.62 annualized dividend and a yield of 4.15%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.39. The ex-dividend date was Friday, March 1st. Suncor Energy’s dividend payout ratio is 34.26%.

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.