Gold Investment Management Ltd. Buys 2,418 Shares of Suncor Energy Inc. (NYSE:SU)

Gold Investment Management Ltd. grew its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 144,814 shares of the oil and gas producer’s stock after buying an additional 2,418 shares during the quarter. Suncor Energy accounts for about 2.2% of Gold Investment Management Ltd.’s investment portfolio, making the stock its 10th biggest holding. Gold Investment Management Ltd.’s holdings in Suncor Energy were worth $5,168,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in SU. Toronto Dominion Bank raised its stake in shares of Suncor Energy by 1.8% in the 3rd quarter. Toronto Dominion Bank now owns 18,546,207 shares of the oil and gas producer’s stock valued at $684,726,000 after purchasing an additional 333,440 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Suncor Energy by 4.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,132,812 shares of the oil and gas producer’s stock valued at $361,227,000 after acquiring an additional 437,252 shares in the last quarter. Principal Financial Group Inc. boosted its position in Suncor Energy by 39.9% during the 4th quarter. Principal Financial Group Inc. now owns 9,706,616 shares of the oil and gas producer’s stock worth $346,298,000 after acquiring an additional 2,767,043 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Suncor Energy by 7.6% during the 3rd quarter. Geode Capital Management LLC now owns 5,891,596 shares of the oil and gas producer’s stock worth $220,955,000 after acquiring an additional 413,797 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Suncor Energy by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,457,325 shares of the oil and gas producer’s stock valued at $159,030,000 after purchasing an additional 99,669 shares during the last quarter. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Price Performance

NYSE:SU opened at $36.63 on Monday. The company has a market cap of $45.32 billion, a P/E ratio of 10.62, a P/E/G ratio of 2.94 and a beta of 1.11. The firm’s fifty day moving average price is $38.29 and its two-hundred day moving average price is $38.22. Suncor Energy Inc. has a one year low of $33.81 and a one year high of $41.95. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. Equities analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors 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 annualized dividend and a yield of 4.36%. Suncor Energy’s dividend payout ratio (DPR) is presently 45.51%.

Analysts Set New Price Targets

Several research analysts recently commented on SU shares. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Bank of America began coverage on Suncor Energy in a report on Wednesday, February 26th. They issued a “neutral” rating for the company. Cibc World Mkts upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Royal Bank of Canada restated an “outperform” rating and issued a $66.00 price target on shares of Suncor Energy in a research note on Tuesday, January 7th. Finally, Tudor Pickering upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.