15,092 Shares in Suncor Energy Inc. (NYSE:SU) Bought by Certuity LLC

Certuity LLC acquired a new position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 15,092 shares of the oil and gas producer’s stock, valued at approximately $484,000.

Several other large investors also recently modified their holdings of SU. Arlington Trust Co LLC bought a new position in shares of Suncor Energy in the third quarter worth about $29,000. Optiver Holding B.V. purchased a new stake in shares of Suncor Energy in the third quarter worth about $29,000. Headinvest LLC purchased a new stake in shares of Suncor Energy in the third quarter worth about $40,000. Private Trust Co. NA lifted its position in shares of Suncor Energy by 38.4% in the third quarter. Private Trust Co. NA now owns 1,222 shares of the oil and gas producer’s stock worth $42,000 after buying an additional 339 shares in the last quarter. Finally, Bruce G. Allen Investments LLC purchased a new stake in shares of Suncor Energy in the fourth quarter worth about $46,000. Institutional investors own 67.37% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on SU. Morgan Stanley boosted their target price on Suncor Energy from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Suncor Energy has an average rating of “Moderate Buy” and a consensus price target of $52.00.

Suncor Energy Trading Down 3.8 %

Shares of SU stock opened at $38.18 on Wednesday. Suncor Energy Inc. has a 1 year low of $27.59 and a 1 year high of $39.73. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.44 and a quick ratio of 0.88. The stock’s 50 day simple moving average is $36.69 and its two-hundred day simple moving average is $33.97. The company has a market cap of $49.15 billion, a PE ratio of 8.12, a price-to-earnings-growth ratio of 3.50 and a beta of 1.13.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings data on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.13. The business had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $8.46 billion. Suncor Energy had a return on equity of 16.08% and a net margin of 16.33%. During the same period in the prior year, the business posted $1.33 earnings per share. Research analysts predict that Suncor Energy Inc. will post 3.78 earnings per share for the current year.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 4th were paid a dividend of $0.406 per share. This is a boost from Suncor Energy’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.62 dividend on an annualized basis and a dividend yield of 4.25%. Suncor Energy’s dividend payout ratio is currently 34.26%.

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.