HighPoint Advisor Group LLC Invests $197,000 in Suncor Energy Inc. (NYSE:SU)

HighPoint Advisor Group LLC purchased a new stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,509 shares of the oil and gas producer’s stock, valued at approximately $197,000.

Several other large investors have also bought and sold shares of SU. HHM Wealth Advisors LLC increased its holdings in Suncor Energy by 62.1% during the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer’s stock valued at $30,000 after buying an additional 325 shares during the last quarter. Crowley Wealth Management Inc. purchased a new stake in shares of Suncor Energy in the 4th quarter worth $35,000. Lee Danner & Bass Inc. bought a new position in Suncor Energy in the 4th quarter worth $36,000. Golden State Wealth Management LLC purchased a new position in Suncor Energy during the fourth quarter valued at $39,000. Finally, Stonebridge Financial Group LLC bought a new stake in Suncor Energy during the fourth quarter valued at about $45,000. 67.37% of the stock is owned by hedge funds and other institutional investors.

Suncor Energy Stock Performance

SU opened at $33.19 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The firm’s 50-day moving average price is $37.94 and its 200 day moving average price is $38.20. The firm has a market capitalization of $41.06 billion, a PE ratio of 9.62, a PEG ratio of 2.94 and a beta of 1.11. Suncor Energy Inc. has a twelve month low of $32.78 and a twelve month high of $41.95.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly 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%. As a group, sell-side analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th were given a dividend of $0.399 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date was Tuesday, March 4th. Suncor Energy’s dividend payout ratio is currently 45.51%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SU. Tudor, Pickering, Holt & Co. raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Monday, February 10th. StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research report on Tuesday. Bank of America assumed coverage on shares of Suncor Energy in a research report on Wednesday, February 26th. They issued a “neutral” rating on the stock. Scotiabank upgraded shares of Suncor Energy to a “hold” rating in a research report on Wednesday, March 19th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $66.00 target price on shares of Suncor Energy in a report on Tuesday, January 7th. Four equities research 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’s stock. According to data from MarketBeat, Suncor Energy presently has a consensus rating of “Moderate Buy” and an average price target of $59.20.

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.