Lingohr Asset Management GmbH Buys Shares of 12,721 Suncor Energy Inc. (NYSE:SU)

Lingohr Asset Management GmbH bought a new stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,721 shares of the oil and gas producer’s stock, valued at approximately $449,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. HHM Wealth Advisors LLC increased its position in shares of 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 acquiring an additional 325 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Suncor Energy during the fourth quarter valued at approximately $39,000. Stonebridge Financial Group LLC bought a new stake in shares of Suncor Energy during the fourth quarter valued at approximately $45,000. UMB Bank n.a. increased its position in shares of Suncor Energy by 27.5% during the fourth quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer’s stock valued at $50,000 after acquiring an additional 300 shares in the last quarter. Finally, Private Trust Co. NA increased its position in shares of Suncor Energy by 50.2% during the fourth quarter. Private Trust Co. NA now owns 1,705 shares of the oil and gas producer’s stock valued at $61,000 after acquiring an additional 570 shares in the last quarter. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Trading Down 0.3 %

Shares of Suncor Energy stock opened at $37.48 on Thursday. The company’s fifty day simple moving average is $38.27 and its 200-day simple moving average is $38.17. The stock has a market capitalization of $46.37 billion, a PE ratio of 10.86, a P/E/G ratio of 2.94 and a beta of 1.11. Suncor Energy Inc. has a 1-year low of $33.81 and a 1-year high of $41.95. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86.

Suncor Energy (NYSE:SU) (TSE:SU) last released its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates 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, equities analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th will be paid a dividend of $0.399 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date is Tuesday, March 4th. Suncor Energy’s dividend payout ratio (DPR) is 45.51%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. Bank of America began coverage on shares of Suncor Energy in a report on Wednesday, February 26th. They issued a “neutral” rating on the stock. Cibc World Mkts upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. StockNews.com cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a report on Friday, March 14th. Finally, Morgan Stanley cut shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $58.00.

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.