Suncor Energy Inc. (NYSE:SU) Shares Acquired by Sei Investments Co.

Sei Investments Co. boosted its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 444,201 shares of the oil and gas producer’s stock after buying an additional 10,852 shares during the period. Sei Investments Co.’s holdings in Suncor Energy were worth $15,849,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. HHM Wealth Advisors LLC boosted its stake in 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 valued at $30,000 after purchasing an additional 325 shares during the period. Lee Danner & Bass Inc. bought a new stake in shares of Suncor Energy during the fourth quarter valued at approximately $36,000. Golden State Wealth Management LLC acquired a new position in shares of Suncor Energy during the fourth quarter worth approximately $39,000. Stonebridge Financial Group LLC bought a new position in Suncor Energy in the 4th quarter worth approximately $45,000. Finally, UMB Bank n.a. increased its position in Suncor Energy by 27.5% in the 4th 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 during the period. 67.37% of the stock is currently owned by institutional investors.

Suncor Energy Trading Down 0.7 %

NYSE:SU opened at $38.36 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 company’s 50 day moving average is $38.13 and its 200-day moving average is $38.16. The firm has a market cap of $47.45 billion, a price-to-earnings ratio of 11.12, a P/E/G ratio of 2.94 and a beta of 1.11. Suncor Energy Inc. has a 12 month low of $33.81 and a 12 month high of $41.95.

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, topping 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%. Equities analysts anticipate that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th were issued a $0.399 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date was Tuesday, March 4th. Suncor Energy’s dividend payout ratio (DPR) is currently 45.51%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Tudor, Pickering, Holt & Co. raised Suncor Energy from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. Scotiabank upgraded shares of Suncor Energy to a “hold” rating in a research report on Wednesday, March 19th. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Saturday, March 22nd. Morgan Stanley lowered shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. Finally, Tudor Pickering raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $59.20.

Suncor Energy 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.