Oppenheimer Asset Management Inc. Has $1.76 Million Stock Position in Suncor Energy Inc. (NYSE:SU)

Oppenheimer Asset Management Inc. raised its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 2.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 49,210 shares of the oil and gas producer’s stock after acquiring an additional 1,231 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Suncor Energy were worth $1,756,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SU. HHM Wealth Advisors LLC grew 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 buying an additional 325 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in Suncor Energy in the 4th quarter valued at approximately $39,000. Stonebridge Financial Group LLC acquired a new stake in Suncor Energy in the 4th quarter valued at approximately $45,000. UMB Bank n.a. grew its holdings in Suncor Energy by 27.5% in the 4th quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer’s stock valued at $50,000 after buying an additional 300 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. grew its holdings in Suncor Energy by 2,311.0% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,977 shares of the oil and gas producer’s stock valued at $73,000 after buying an additional 1,895 shares during the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Price Performance

Suncor Energy stock opened at $36.25 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. The company has a market capitalization of $45.00 billion, a PE ratio of 10.51, a price-to-earnings-growth ratio of 2.94 and a beta of 1.12. Suncor Energy Inc. has a one year low of $34.12 and a one year high of $41.94. The business has a 50 day simple moving average of $38.30 and a 200 day simple moving average of $38.56.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS for the quarter, topping the consensus estimate of $0.82 by $0.07. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. On average, sell-side analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.399 per share. This represents a $1.60 annualized dividend and a dividend yield of 4.40%. The ex-dividend date is Tuesday, March 4th. Suncor Energy’s payout ratio is presently 45.22%.

Analyst Ratings Changes

SU has been the subject of a number of research reports. Desjardins upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Cibc World Mkts upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 11th. StockNews.com downgraded Suncor Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Bank of America initiated coverage on Suncor Energy in a research report on Wednesday, February 26th. They issued a “neutral” rating for the company. Finally, Tudor, Pickering, Holt & Co. upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $58.00.

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.