Suncor Energy Inc. (NYSE:SU) Shares Acquired by Mufg Securities Canada LTD.

Mufg Securities Canada LTD. boosted its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 70.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,919,654 shares of the oil and gas producer’s stock after acquiring an additional 792,130 shares during the quarter. Suncor Energy comprises about 2.5% of Mufg Securities Canada LTD.’s investment portfolio, making the stock its 14th biggest holding. Mufg Securities Canada LTD. owned 0.15% of Suncor Energy worth $68,477,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. HHM Wealth Advisors LLC grew its holdings in shares of 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 worth $30,000 after acquiring an additional 325 shares during the last quarter. Crowley Wealth Management Inc. purchased a new position in Suncor Energy in the 4th quarter worth about $35,000. Lee Danner & Bass Inc. purchased a new position in Suncor Energy in the 4th quarter worth about $36,000. Golden State Wealth Management LLC purchased a new stake in Suncor Energy during the fourth quarter valued at about $39,000. Finally, Stonebridge Financial Group LLC acquired a new position in shares of Suncor Energy in the fourth quarter worth about $45,000. 67.37% of the stock is owned by institutional investors and hedge funds.

Suncor Energy Stock Performance

Shares of SU stock opened at $38.44 on Wednesday. The firm has a market cap of $47.56 billion, a P/E ratio of 11.14, a PEG ratio of 2.94 and a beta of 1.11. 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 Inc. has a fifty-two week low of $33.81 and a fifty-two week high of $41.95. The stock’s 50-day moving average is $38.18 and its two-hundred day moving average is $38.14.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings data 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%. Analysts predict that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th were issued a $0.399 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend was Tuesday, March 4th. Suncor Energy’s dividend payout ratio is presently 45.51%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Scotiabank upgraded shares of Suncor Energy to a “hold” rating in a report on Wednesday, March 19th. Tudor Pickering upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Cibc World Mkts raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 11th. Royal Bank of Canada reissued an “outperform” rating and set a $66.00 price target on shares of Suncor Energy in a research report on Tuesday, January 7th. Finally, Bank of America began coverage on Suncor Energy in a research report on Wednesday, February 26th. They set a “neutral” rating for the company. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Suncor Energy has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

About Suncor Energy

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.