Suncor Energy Inc. (NYSE:SU) Shares Purchased by Clarius Group LLC

Clarius Group LLC raised its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 62.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,235 shares of the oil and gas producer’s stock after acquiring an additional 4,307 shares during the quarter. Clarius Group LLC’s holdings in Suncor Energy were worth $360,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Pinnacle Associates Ltd. lifted its stake in Suncor Energy by 0.6% in the third quarter. Pinnacle Associates Ltd. now owns 47,669 shares of the oil and gas producer’s stock worth $1,639,000 after acquiring an additional 300 shares during the last quarter. Hexagon Capital Partners LLC lifted its position in shares of Suncor Energy by 19.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,931 shares of the oil and gas producer’s stock worth $66,000 after buying an additional 308 shares during the last quarter. Private Trust Co. NA lifted its position in shares of Suncor Energy by 38.4% during the 3rd quarter. Private Trust Co. NA now owns 1,222 shares of the oil and gas producer’s stock worth $42,000 after buying an additional 339 shares during the last quarter. Gradient Investments LLC lifted its position in shares of Suncor Energy by 1.0% during the 3rd quarter. Gradient Investments LLC now owns 33,205 shares of the oil and gas producer’s stock worth $1,142,000 after buying an additional 345 shares during the last quarter. Finally, First Financial Corp IN lifted its position in shares of Suncor Energy by 3.3% during the 4th quarter. First Financial Corp IN now owns 12,422 shares of the oil and gas producer’s stock worth $398,000 after buying an additional 393 shares during the last quarter. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Suncor Energy Stock Down 1.7 %

SU stock opened at $37.69 on Monday. The company has a fifty day moving average price of $35.17 and a 200 day moving average price of $33.54. Suncor Energy Inc. has a 12 month low of $27.59 and a 12 month high of $39.32. The company has a market cap of $48.52 billion, a price-to-earnings ratio of 8.02, a price-to-earnings-growth ratio of 3.46 and a beta of 1.13. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.44 and a quick ratio of 0.88.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings data on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.13. The company had revenue of $10.39 billion for the quarter, compared to analysts’ expectations of $8.46 billion. Suncor Energy had a net margin of 16.33% and a return on equity of 16.08%. During the same period in the previous year, the company posted $1.33 EPS. Sell-side analysts expect that Suncor Energy Inc. will post 3.63 earnings per share for the current year.

Suncor Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 4th were paid a $0.406 dividend. This is a boost from Suncor Energy’s previous quarterly dividend of $0.39. This represents a $1.62 annualized dividend and a yield of 4.31%. The ex-dividend date of this dividend was Friday, March 1st. Suncor Energy’s payout ratio is currently 34.26%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. StockNews.com upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Friday. Morgan Stanley boosted their price objective on shares of Suncor Energy from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $52.00.

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.