Stephens Inc. AR Has $324,000 Stake in Suncor Energy Inc. (NYSE:SU)

Stephens Inc. AR trimmed its stake in Suncor Energy Inc. (NYSE:SUGet Rating) (TSE:SU) by 3.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,495 shares of the oil and gas producer’s stock after selling 428 shares during the period. Stephens Inc. AR’s holdings in Suncor Energy were worth $324,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SU. Howard Financial Services LTD. acquired a new stake in Suncor Energy in the 3rd quarter worth $29,000. Ronald Blue Trust Inc. acquired a new stake in shares of Suncor Energy during the 2nd quarter valued at about $34,000. Toth Financial Advisory Corp boosted its position in shares of Suncor Energy by 400.0% during the 2nd quarter. Toth Financial Advisory Corp now owns 1,000 shares of the oil and gas producer’s stock valued at $35,000 after acquiring an additional 800 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new stake in shares of Suncor Energy during the 2nd quarter valued at about $39,000. Finally, CoreCap Advisors LLC acquired a new stake in shares of Suncor Energy during the 2nd quarter valued at about $44,000. 58.04% of the stock is currently owned by institutional investors and hedge funds.

Suncor Energy Trading Up 2.0 %

Shares of NYSE SU opened at $33.68 on Tuesday. Suncor Energy Inc. has a 1-year low of $25.27 and a 1-year high of $42.72. The company has a market cap of $45.05 billion, a PE ratio of 7.72, a P/E/G ratio of 0.59 and a beta of 1.25. The company has a current ratio of 1.26, a quick ratio of 0.91 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average of $32.23 and a two-hundred day moving average of $32.16.

Suncor Energy (NYSE:SUGet Rating) (TSE:SU) last announced its earnings results on Wednesday, November 2nd. The oil and gas producer reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.04. Suncor Energy had a net margin of 14.23% and a return on equity of 27.23%. The company had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $9.74 billion. As a group, equities analysts expect that Suncor Energy Inc. will post 5.66 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 23rd. Stockholders of record on Friday, December 2nd were given a dividend of $0.3911 per share. This is a boost from Suncor Energy’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Thursday, December 1st. This represents a $1.56 annualized dividend and a dividend yield of 4.64%. Suncor Energy’s payout ratio is currently 35.55%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Raymond James lifted their target price on shares of Suncor Energy from C$50.00 to C$53.00 in a research report on Tuesday, November 8th. Jefferies Financial Group assumed coverage on shares of Suncor Energy in a research report on Wednesday, October 19th. They set a “hold” rating on the stock. StockNews.com lowered shares of Suncor Energy from a “buy” rating to a “hold” rating in a research report on Friday, November 4th. National Bank Financial lifted their price target on shares of Suncor Energy from C$54.00 to C$57.00 in a report on Wednesday, January 11th. Finally, Wells Fargo & Company downgraded shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Tuesday, January 10th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $51.33.

About Suncor Energy

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Suncor Energy, Inc is an integrated energy company, which develops petroleum resource basins. Its activities include oil sands development, and upgrading, onshore and offshore oil and gas production, petroleum refining, and product marketing. The company operates through the following business segments: Oil Sands; Exploration and Production; and Refining and Marketing.

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Institutional Ownership by Quarter for Suncor Energy (NYSE:SU)

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