Roxbury Financial LLC Takes $313,000 Position in Suncor Energy Inc. (NYSE:SU)

Roxbury Financial LLC bought a new stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,940 shares of the oil and gas producer’s stock, valued at approximately $313,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SU. Eastern Bank bought a new stake in shares of Suncor Energy in the third quarter valued at approximately $25,000. HHM Wealth Advisors LLC boosted its stake in shares of Suncor Energy by 62.1% in 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 period. Golden State Wealth Management LLC bought a new stake in shares of Suncor Energy in the fourth quarter valued at approximately $39,000. Stonebridge Financial Group LLC bought a new stake in shares of Suncor Energy in the fourth quarter valued at approximately $45,000. Finally, Waldron Private Wealth LLC bought a new stake in shares of Suncor Energy in the third quarter valued at approximately $49,000. Institutional investors and hedge funds own 67.37% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on SU. 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 note on Tuesday. Tudor Pickering upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Tudor, Pickering, Holt & Co. upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. Finally, StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Suncor Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Suncor Energy Stock Performance

Shares of Suncor Energy stock opened at $39.53 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average price of $37.71 and a two-hundred day moving average price of $38.59. Suncor Energy Inc. has a 1-year low of $31.46 and a 1-year high of $41.94. The company has a market cap of $49.20 billion, a P/E ratio of 11.46, a PEG ratio of 2.96 and a beta of 1.12.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.07. Suncor Energy had a return on equity of 15.33% and a net margin of 11.80%. As a group, analysts anticipate that Suncor Energy Inc. will post 3.25 EPS for the current year.

Suncor Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th will be given a dividend of $0.399 per share. The ex-dividend date is Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.04%. Suncor Energy’s dividend payout ratio (DPR) is presently 46.67%.

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.