US Bancorp DE Raises Stock Holdings in Suncor Energy Inc. (NYSE:SU)

US Bancorp DE increased its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 94,855 shares of the oil and gas producer’s stock after purchasing an additional 5,744 shares during the quarter. US Bancorp DE’s holdings in Suncor Energy were worth $3,384,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SU. Fisher Asset Management LLC raised its stake in Suncor Energy by 97.4% in the 4th quarter. Fisher Asset Management LLC now owns 3,734,572 shares of the oil and gas producer’s stock worth $133,250,000 after acquiring an additional 1,842,791 shares during the last quarter. Sage Investment Counsel LLC acquired a new stake in shares of Suncor Energy during the 4th quarter valued at about $300,000. SVB Wealth LLC acquired a new stake in shares of Suncor Energy during the 4th quarter valued at about $824,000. Private Trust Co. NA boosted its holdings in Suncor Energy by 50.2% in the 4th quarter. Private Trust Co. NA now owns 1,705 shares of the oil and gas producer’s stock worth $61,000 after buying an additional 570 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in Suncor Energy in the 4th quarter worth about $5,762,000. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Stock Up 1.6 %

SU stock opened at $34.81 on Friday. Suncor Energy Inc. has a one year low of $33.81 and a one year high of $41.94. The company has a 50 day moving average price of $38.28 and a two-hundred day moving average price of $38.46. The stock has a market capitalization of $43.21 billion, a P/E ratio of 10.09, a PEG ratio of 2.94 and a beta of 1.12. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) 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%. As a group, sell-side analysts expect that Suncor Energy Inc. will post 3.42 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. Investors of record on Tuesday, March 4th will be issued a dividend of $0.399 per share. The ex-dividend date is Tuesday, March 4th. This represents a $1.60 annualized dividend and a dividend yield of 4.59%. Suncor Energy’s payout ratio is 45.22%.

Analysts Set New Price Targets

SU has been the topic of several recent research reports. Bank of America assumed coverage on Suncor Energy in a report on Wednesday, February 26th. They set a “neutral” rating on the stock. Tudor Pickering raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday. Morgan Stanley downgraded shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. Finally, Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.