Great Valley Advisor Group Inc. Has $281,000 Position in Suncor Energy Inc. (NYSE:SU)

Great Valley Advisor Group Inc. grew its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 5.5% during the 4th quarter, HoldingsChannel reports. The firm owned 8,780 shares of the oil and gas producer’s stock after acquiring an additional 454 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Suncor Energy were worth $281,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Suncor Energy by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 50,379,614 shares of the oil and gas producer’s stock worth $1,732,051,000 after purchasing an additional 731,163 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Suncor Energy by 7.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 20,658,847 shares of the oil and gas producer’s stock valued at $709,835,000 after acquiring an additional 1,356,470 shares during the last quarter. Artisan Partners Limited Partnership boosted its stake in Suncor Energy by 1.9% in the third quarter. Artisan Partners Limited Partnership now owns 20,348,705 shares of the oil and gas producer’s stock worth $699,750,000 after purchasing an additional 377,500 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Suncor Energy by 4.1% in the third quarter. The Manufacturers Life Insurance Company now owns 19,194,858 shares of the oil and gas producer’s stock valued at $663,794,000 after buying an additional 762,271 shares in the last quarter. Finally, FMR LLC lifted its position in Suncor Energy by 0.3% during the 3rd quarter. FMR LLC now owns 17,248,932 shares of the oil and gas producer’s stock worth $593,188,000 after buying an additional 49,765 shares in the last quarter. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Suncor Energy Stock Up 1.7 %

Shares of NYSE SU opened at $38.88 on Tuesday. Suncor Energy Inc. has a 1 year low of $27.59 and a 1 year high of $39.73. The firm’s 50-day moving average is $37.05 and its 200-day moving average is $34.08. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $50.04 billion, a PE ratio of 8.27, a price-to-earnings-growth ratio of 3.38 and a beta of 1.11.

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 analysts’ consensus estimates of $0.80 by $0.13. The firm 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 last year, the firm earned $1.33 earnings per share. Equities analysts expect that Suncor Energy Inc. will post 3.77 EPS for the current year.

Suncor Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 4th were issued a $0.406 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date was Friday, March 1st. This is an increase from Suncor Energy’s previous quarterly dividend of $0.39. Suncor Energy’s dividend payout ratio is currently 34.26%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SU. StockNews.com upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. 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 analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

Suncor Energy Company 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.