Suncor Energy Inc. (NYSE:SU) Shares Purchased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC boosted its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 10.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 360,039 shares of the oil and gas producer’s stock after buying an additional 34,734 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Suncor Energy were worth $12,846,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its stake in shares of Suncor Energy by 1,324.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 3,469,008 shares of the oil and gas producer’s stock worth $123,774,000 after purchasing an additional 3,225,543 shares in the last quarter. Principal Financial Group Inc. increased its stake in Suncor Energy by 39.9% in the fourth quarter. Principal Financial Group Inc. now owns 9,706,616 shares of the oil and gas producer’s stock valued at $346,298,000 after purchasing an additional 2,767,043 shares during the last quarter. Jupiter Asset Management Ltd. raised its holdings in Suncor Energy by 2,061.8% during the fourth quarter. Jupiter Asset Management Ltd. now owns 2,438,291 shares of the oil and gas producer’s stock worth $86,990,000 after purchasing an additional 2,325,503 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Suncor Energy by 97.4% during 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 buying an additional 1,842,791 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Suncor Energy by 104.2% in the 4th quarter. Bank of New York Mellon Corp now owns 3,083,440 shares of the oil and gas producer’s stock valued at $110,017,000 after buying an additional 1,573,726 shares in the last quarter. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Suncor Energy Stock Up 0.1 %

Shares of Suncor Energy stock opened at $38.44 on Wednesday. The company 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 firm has a fifty day moving average of $38.18 and a two-hundred day moving average of $38.14. 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 Inc. has a one year low of $33.81 and a one year high of $41.95.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) for the quarter, topping 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%. On average, analysts forecast that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Cuts Dividend

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

Analysts Set New Price Targets

Several brokerages recently commented on SU. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. Cibc World Mkts upgraded 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 issued a $66.00 target price on shares of Suncor Energy in a research report on Tuesday, January 7th. Morgan Stanley lowered Suncor Energy from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 16th. Finally, StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Saturday. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently 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.