Suncor Energy Inc. (NYSE:SU) Shares Bought by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. increased its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 111.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 764,308 shares of the oil and gas producer’s stock after purchasing an additional 403,622 shares during the period. Suncor Energy accounts for about 1.4% of Hillsdale Investment Management Inc.’s portfolio, making the stock its 15th largest position. Hillsdale Investment Management Inc.’s holdings in Suncor Energy were worth $27,252,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. HHM Wealth Advisors LLC lifted its stake 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 during the period. Lee Danner & Bass Inc. acquired a new stake in Suncor Energy during the 4th quarter valued at approximately $36,000. Golden State Wealth Management LLC acquired a new stake in Suncor Energy during the 4th quarter valued at approximately $39,000. Stonebridge Financial Group LLC acquired a new stake in Suncor Energy during the 4th quarter valued at approximately $45,000. Finally, UMB Bank n.a. lifted its stake 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 during the period. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Suncor Energy Price Performance

Shares of NYSE SU opened at $37.46 on Friday. The firm has a market cap of $46.34 billion, a PE ratio of 10.86, a PEG ratio of 2.94 and a beta of 1.11. The firm has a fifty day moving average of $38.22 and a 200 day moving average of $38.15. 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 issued its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 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%. As a group, research analysts predict that Suncor Energy Inc. will post 3.42 EPS 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 4.26%. Suncor Energy’s dividend payout ratio (DPR) is presently 45.51%.

Analyst Ratings Changes

SU has been the subject of several research reports. Tudor Pickering upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Cibc World Mkts raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Morgan Stanley lowered shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Bank of America began coverage on shares of Suncor Energy in a report on Wednesday, February 26th. They set a “neutral” rating for the company. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Suncor Energy has a consensus rating of “Moderate Buy” and an average target price 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.