Mercer Global Advisors Inc. ADV Invests $297,000 in Suncor Energy Inc. (NYSE:SU)

Mercer Global Advisors Inc. ADV acquired a new stake in Suncor Energy Inc. (NYSE:SU – Get Rating) (TSE:SU) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,375 shares of the oil and gas producer’s stock, valued at approximately $297,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hanson & Doremus Investment Management increased its position in shares of Suncor Energy by 143.5% in the fourth quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer’s stock valued at $25,000 after buying an additional 465 shares in the last quarter. Toth Financial Advisory Corp raised its position in Suncor Energy by 42.9% during the fourth quarter. Toth Financial Advisory Corp now owns 1,000 shares of the oil and gas producer’s stock worth $32,000 after acquiring an additional 300 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. acquired a new position in Suncor Energy during the third quarter worth about $40,000. CENTRAL TRUST Co grew its position in shares of Suncor Energy by 122.2% in the third quarter. CENTRAL TRUST Co now owns 2,000 shares of the oil and gas producer’s stock valued at $56,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Achmea Investment Management B.V. purchased a new position in shares of Suncor Energy during the 1st quarter worth approximately $68,000. 58.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SU. StockNews.com started coverage on Suncor Energy in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. National Bank Financial raised Suncor Energy from a “sector perform” rating to an “outperform” rating in a research note on Friday, April 28th. TD Securities boosted their target price on shares of Suncor Energy from C$52.00 to C$53.00 in a research note on Wednesday, February 15th. Finally, Scotiabank cut shares of Suncor Energy from a “sector outperform” rating to a “sector perform” rating in a research note on Tuesday, March 21st. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $54.57.

Suncor Energy Stock Down 0.8 %

Shares of NYSE:SU opened at $28.91 on Thursday. The company has a current ratio of 1.11, a quick ratio of 0.69 and a debt-to-equity ratio of 0.25. The firm has a market cap of $37.93 billion, a price-to-earnings ratio of 6.40, a PEG ratio of 0.66 and a beta of 1.28. The stock’s 50-day moving average price is $30.25 and its two-hundred day moving average price is $32.06. Suncor Energy Inc. has a 12-month low of $26.42 and a 12-month high of $42.72.

Suncor Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 26th. Investors of record on Monday, June 5th will be given a dividend of $0.384 per share. This represents a $1.54 annualized dividend and a yield of 5.31%. The ex-dividend date of this dividend is Friday, June 2nd. Suncor Energy’s dividend payout ratio (DPR) is 33.63%.

Suncor Energy Company Profile

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Suncor Energy, Inc is an integrated energy company, which engages in the development of petroleum resource basins. It operates through the following segments: Oil Sands, Exploration and Production, Refining and Marketing, and Corporate and Eliminations. The Oil Sands segment operates assets in the Athabasca oil sands of northeast Alberta.