Suncor Energy Inc. (NYSE:SU) Shares Acquired by Jones Financial Companies Lllp

Jones Financial Companies Lllp increased its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 86.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,848 shares of the oil and gas producer’s stock after acquiring an additional 31,366 shares during the period. Jones Financial Companies Lllp’s holdings in Suncor Energy were worth $2,421,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. HHM Wealth Advisors LLC lifted its position 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 valued at $30,000 after acquiring an additional 325 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Suncor Energy during the fourth quarter worth $39,000. Stonebridge Financial Group LLC acquired a new stake in shares of Suncor Energy during the fourth quarter worth $45,000. UMB Bank n.a. boosted its position in shares of 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 purchasing an additional 300 shares during the period. Finally, Private Trust Co. NA boosted its position in shares of Suncor Energy by 50.2% in the 4th quarter. Private Trust Co. NA now owns 1,705 shares of the oil and gas producer’s stock valued at $61,000 after purchasing an additional 570 shares during the period. 67.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. Tudor Pickering raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Bank of America started coverage on shares of Suncor Energy in a report on Wednesday, February 26th. They set a “neutral” rating on the stock. Cibc World Mkts raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 11th. Royal Bank of Canada reissued an “outperform” rating and set a $66.00 target price on shares of Suncor Energy in a research note on Tuesday, January 7th. Finally, Desjardins raised Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

Suncor Energy Trading Down 2.1 %

Suncor Energy stock opened at $34.30 on Thursday. Suncor Energy Inc. has a 12 month low of $33.81 and a 12 month high of $41.94. 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 stock has a market cap of $42.59 billion, a P/E ratio of 9.94, a P/E/G ratio of 2.94 and a beta of 1.12. The company’s fifty day simple moving average is $38.28 and its 200-day simple moving average is $38.49.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, sell-side 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 will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th will be paid a $0.399 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $1.60 annualized dividend and a dividend yield of 4.65%. Suncor Energy’s payout ratio is 45.22%.

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.