Oxbow Advisors LLC Increases Holdings in Suncor Energy Inc. (NYSE:SU)

Oxbow Advisors LLC raised its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 98,652 shares of the oil and gas producer’s stock after acquiring an additional 3,253 shares during the quarter. Oxbow Advisors LLC’s holdings in Suncor Energy were worth $3,520,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Eastern Bank bought a new stake in Suncor Energy during the 3rd quarter valued at approximately $25,000. HHM Wealth Advisors LLC boosted its position 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 valued at $30,000 after acquiring an additional 325 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in Suncor Energy during the 4th quarter valued at approximately $39,000. Stonebridge Financial Group LLC bought a new stake in Suncor Energy during the 4th quarter valued at approximately $45,000. Finally, UMB Bank n.a. boosted its position in Suncor Energy by 27.5% during the 4th quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer’s stock valued at $50,000 after acquiring an additional 300 shares in the last quarter. 67.37% of the stock is owned by institutional investors.

Suncor Energy Stock Performance

Shares of SU opened at $39.46 on Friday. The business’s fifty day simple moving average is $37.95 and its two-hundred day simple moving average is $38.66. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. Suncor Energy Inc. has a 12 month low of $33.26 and a 12 month high of $41.94. The company has a market cap of $49.11 billion, a price-to-earnings ratio of 11.44, a P/E/G ratio of 2.94 and a beta of 1.12.

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 return on equity of 15.37% and a net margin of 11.80%. Research analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The firm also recently announced 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 4.04%. Suncor Energy’s dividend payout ratio is 46.67%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Tudor Pickering raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Morgan Stanley cut Suncor Energy from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 16th. Cibc World Mkts upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 11th. StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. Finally, Tudor, Pickering, Holt & Co. upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.