Wilmington Savings Fund Society FSB Acquires 333 Shares of Suncor Energy Inc. (NYSE:SU)

Wilmington Savings Fund Society FSB boosted its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 11.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,142 shares of the oil and gas producer’s stock after purchasing an additional 333 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Suncor Energy were worth $112,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in Suncor Energy in the 4th quarter valued at approximately $39,000. Robertson Stephens Wealth Management LLC raised its holdings in Suncor Energy by 5.1% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 22,591 shares of the oil and gas producer’s stock valued at $806,000 after acquiring an additional 1,103 shares in the last quarter. Choreo LLC raised its holdings in Suncor Energy by 138.2% in the 4th quarter. Choreo LLC now owns 15,193 shares of the oil and gas producer’s stock valued at $541,000 after acquiring an additional 8,815 shares in the last quarter. HHM Wealth Advisors LLC raised its holdings in Suncor Energy by 62.1% in 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 in the last quarter. Finally, Avantra Family Wealth Inc. acquired a new position in Suncor Energy in the 4th quarter valued at approximately $360,000. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Stock Up 0.7 %

Shares of Suncor Energy stock opened at $39.91 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.24. Suncor Energy Inc. has a 12 month low of $31.31 and a 12 month high of $41.94. The business has a fifty day simple moving average of $37.70 and a 200 day simple moving average of $38.58. The stock has a market cap of $49.67 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 2.96 and a beta of 1.12.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.07. Suncor Energy had a return on equity of 15.33% and a net margin of 11.80%. Research analysts predict that Suncor Energy Inc. will post 3.25 EPS for the current year.

Suncor Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders 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 dividend on an annualized basis and a yield of 4.00%. Suncor Energy’s payout ratio is 46.67%.

Analyst Ratings Changes

SU has been the subject of several recent research reports. Tudor Pickering raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Monday. Cibc World Mkts upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Royal Bank of Canada reiterated an “outperform” rating and issued a $66.00 price objective on shares of Suncor Energy in a research report on Tuesday, January 7th. Morgan Stanley downgraded Suncor Energy from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 16th. Finally, StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

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.