Suncor Energy Inc. (NYSE:SU) Shares Bought by Nebula Research & Development LLC

Nebula Research & Development LLC increased its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 37.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 14,668 shares of the oil and gas producer’s stock after acquiring an additional 3,995 shares during the period. Nebula Research & Development LLC’s holdings in Suncor Energy were worth $523,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of research firms have issued reports on SU. Bank of America assumed coverage on Suncor Energy in a research report on Wednesday, February 26th. They set a “neutral” rating for the company. Royal Bank of Canada reissued an “outperform” rating and set a $66.00 target price on shares of Suncor Energy in a research report on Tuesday, January 7th. Cibc World Mkts raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 11th. StockNews.com downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Thursday, April 17th. Finally, Tudor Pickering raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Suncor Energy has an average rating of “Moderate Buy” and a consensus price target of $59.20.

Suncor Energy Stock Up 0.1 %

Shares of Suncor Energy stock opened at $35.74 on Wednesday. Suncor Energy Inc. has a 1-year low of $30.79 and a 1-year high of $41.95. The company has a market capitalization of $44.07 billion, a PE ratio of 10.36, a P/E/G ratio of 2.94 and a beta of 0.79. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. The business has a 50-day moving average of $36.05 and a 200-day moving average of $37.63.

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

Suncor Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th were paid a $0.399 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a yield of 4.47%. Suncor Energy’s dividend payout ratio (DPR) is 45.51%.

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.