Suncor Energy Inc. (NYSE:SU) Shares Bought by Capital Research Global Investors

Capital Research Global Investors increased its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 0.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,875,659 shares of the oil and gas producer’s stock after purchasing an additional 9,811 shares during the quarter. Capital Research Global Investors owned approximately 0.39% of Suncor Energy worth $174,037,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in SU. HHM Wealth Advisors LLC raised its stake in Suncor Energy by 62.1% during the 4th quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer’s stock worth $30,000 after acquiring an additional 325 shares in the last quarter. Crowley Wealth Management Inc. purchased a new stake in shares of Suncor Energy in the 4th quarter valued at about $35,000. Lee Danner & Bass Inc. purchased a new position in Suncor Energy during the 4th quarter worth approximately $36,000. Golden State Wealth Management LLC acquired a new position in Suncor Energy during the fourth quarter worth approximately $39,000. Finally, Covestor Ltd lifted its stake in Suncor Energy by 30.5% in the fourth quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer’s stock valued at $39,000 after buying an additional 256 shares during the last quarter. 67.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on SU shares. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Cibc World Mkts raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Scotiabank upgraded Suncor Energy to a “hold” rating in a research note on Wednesday, March 19th. Tudor Pickering upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Finally, StockNews.com lowered shares of Suncor Energy from a “buy” rating to a “hold” rating in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.20.

Suncor Energy Trading Up 2.0 %

NYSE:SU opened at $34.48 on Monday. Suncor Energy Inc. has a 1 year low of $30.79 and a 1 year high of $41.95. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33. The stock has a fifty day moving average price of $36.67 and a two-hundred day moving average price of $37.84. The stock has a market capitalization of $42.66 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 2.94 and a beta of 0.79.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. As a group, sell-side analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th were given a dividend of $0.399 per share. The ex-dividend date was Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.63%. Suncor Energy’s payout ratio is 45.51%.

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.