Oxbow Advisors LLC Acquires 3,253 Shares of Suncor Energy Inc. (NYSE:SU)

Oxbow Advisors LLC lifted its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 3.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,652 shares of the oil and gas producer’s stock after purchasing an additional 3,253 shares during the period. Oxbow Advisors LLC’s holdings in Suncor Energy were worth $3,520,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Eastern Bank bought a new stake in shares of Suncor Energy during the 3rd quarter valued at about $25,000. HHM Wealth Advisors LLC boosted its holdings in 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 worth $30,000 after acquiring an additional 325 shares in the last quarter. Golden State Wealth Management LLC bought a new position in Suncor Energy in the fourth quarter worth approximately $39,000. Stonebridge Financial Group LLC bought a new position in Suncor Energy in the fourth quarter worth approximately $45,000. Finally, UMB Bank n.a. boosted its holdings in Suncor Energy by 27.5% in the fourth quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer’s stock worth $50,000 after acquiring an additional 300 shares in the last quarter. Institutional investors own 67.37% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Cibc World Mkts upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Tudor Pickering upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Morgan Stanley lowered Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Finally, Desjardins upgraded Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $58.00.

Suncor Energy Stock Performance

NYSE:SU opened at $39.46 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. The business has a fifty day simple moving average of $37.95 and a two-hundred day simple moving average of $38.66. Suncor Energy Inc. has a 1 year low of $33.26 and a 1 year high of $41.94. The company has a market capitalization of $49.11 billion, a P/E ratio of 11.44, a P/E/G ratio of 2.94 and a beta of 1.12.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (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%. On average, analysts expect that Suncor Energy Inc. will post 3.42 earnings per share 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 issued a $0.399 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $1.60 annualized dividend and a dividend yield of 4.04%. Suncor Energy’s dividend payout ratio is currently 46.67%.

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.