Bryn Mawr Capital Management LLC Has $3.30 Million Stock Holdings in Suncor Energy Inc. (NYSE:SU)

Bryn Mawr Capital Management LLC grew its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 1,334.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,543 shares of the oil and gas producer’s stock after purchasing an additional 86,092 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Suncor Energy were worth $3,302,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of SU. Global Retirement Partners LLC boosted its stake in Suncor Energy by 52.6% during the 4th quarter. Global Retirement Partners LLC now owns 3,635 shares of the oil and gas producer’s stock valued at $130,000 after purchasing an additional 1,253 shares during the period. Atria Wealth Solutions Inc. lifted its holdings in shares of Suncor Energy by 155.3% during the fourth quarter. Atria Wealth Solutions Inc. now owns 19,731 shares of the oil and gas producer’s stock worth $704,000 after buying an additional 12,002 shares during the last quarter. Truist Financial Corp boosted its position in shares of Suncor Energy by 3.2% in the fourth quarter. Truist Financial Corp now owns 46,403 shares of the oil and gas producer’s stock valued at $1,656,000 after acquiring an additional 1,449 shares during the period. Principal Financial Group Inc. grew its stake in shares of 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 worth $346,298,000 after acquiring an additional 2,767,043 shares during the last quarter. Finally, J.W. Cole Advisors Inc. bought a new position in Suncor Energy during the fourth quarter worth $236,000. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Suncor Energy Price Performance

Shares of SU stock opened at $40.19 on Friday. The stock’s fifty day simple moving average is $37.89 and its 200 day simple moving average is $38.64. Suncor Energy Inc. has a one year low of $32.64 and a one year high of $41.94. The firm has a market cap of $50.02 billion, a price-to-earnings ratio of 11.65, a P/E/G ratio of 2.91 and a beta of 1.12. 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 issued its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 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%. On average, analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th will be paid a dividend of $0.399 per share. The ex-dividend date is Tuesday, March 4th. This represents a $1.60 annualized dividend and a yield of 3.97%. Suncor Energy’s dividend payout ratio is 46.67%.

Analyst Ratings Changes

A number of analysts have weighed in on SU shares. Morgan Stanley downgraded shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Tudor Pickering raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Desjardins upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Cibc World Mkts upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 11th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $66.00 price objective on shares of Suncor Energy in a research report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.