Suncor Energy Inc. (NYSE:SU) Stake Boosted by First Bank & Trust

First Bank & Trust increased its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 20.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,067 shares of the oil and gas producer’s stock after purchasing an additional 1,868 shares during the quarter. First Bank & Trust’s holdings in Suncor Energy were worth $395,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Eastern Bank acquired a new stake in Suncor Energy during the 3rd quarter worth about $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 worth $30,000 after acquiring an additional 325 shares during the period. Golden State Wealth Management LLC acquired a new stake in Suncor Energy during the 4th quarter worth about $39,000. Stonebridge Financial Group LLC acquired a new stake in Suncor Energy during the 4th quarter worth about $45,000. Finally, Waldron Private Wealth LLC acquired a new stake in Suncor Energy during the 3rd quarter worth about $49,000. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Suncor Energy Stock Up 0.8 %

Shares of SU stock opened at $40.19 on Friday. The stock’s 50 day simple moving average is $37.89 and its 200 day simple moving average is $38.64. 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 twelve month low of $32.64 and a twelve month high of $41.94. The company has a market capitalization of $50.02 billion, a price-to-earnings ratio of 11.65, a PEG ratio of 2.91 and a beta of 1.12.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates 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, research analysts predict that Suncor Energy Inc. will post 3.42 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. Investors of record on Tuesday, March 4th will be paid a $0.399 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date is Tuesday, March 4th. Suncor Energy’s payout ratio is 46.67%.

Wall Street Analyst Weigh In

A number of brokerages have commented on SU. Cibc World Mkts upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 11th. Tudor, Pickering, Holt & Co. upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $66.00 price target on shares of Suncor Energy in a report on Tuesday, January 7th. Tudor Pickering upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Finally, StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Three 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 MarketBeat, Suncor Energy presently has an average rating of “Moderate Buy” and a consensus price target 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.