Suncor Energy Inc. (NYSE:SU) Position Increased by Mcintyre Freedman & Flynn Investment Advisers Inc.

Mcintyre Freedman & Flynn Investment Advisers Inc. boosted its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 1.5% during the 4th quarter, Holdings Channel reports. The fund owned 68,525 shares of the oil and gas producer’s stock after acquiring an additional 1,000 shares during the quarter. Suncor Energy comprises 1.8% of Mcintyre Freedman & Flynn Investment Advisers Inc.’s portfolio, making the stock its 21st largest holding. Mcintyre Freedman & Flynn Investment Advisers Inc.’s holdings in Suncor Energy were worth $2,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. lifted its position in shares of Suncor Energy by 1,324.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,469,008 shares of the oil and gas producer’s stock worth $123,774,000 after purchasing an additional 3,225,543 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Suncor Energy by 39.9% during the 4th quarter. Principal Financial Group Inc. now owns 9,706,616 shares of the oil and gas producer’s stock worth $346,298,000 after purchasing an additional 2,767,043 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of Suncor Energy by 97.4% during the 4th quarter. Fisher Asset Management LLC now owns 3,734,572 shares of the oil and gas producer’s stock worth $133,250,000 after purchasing an additional 1,842,791 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Suncor Energy by 23.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,695,560 shares of the oil and gas producer’s stock worth $357,827,000 after purchasing an additional 1,829,936 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Suncor Energy by 104.2% in the 4th quarter. Bank of New York Mellon Corp now owns 3,083,440 shares of the oil and gas producer’s stock valued at $110,017,000 after acquiring an additional 1,573,726 shares in the last quarter. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SU. Tudor Pickering upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Cibc World Mkts upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 11th. Desjardins raised Suncor Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Bank of America initiated coverage on Suncor Energy in a research note on Wednesday, February 26th. They set a “neutral” rating on the stock. Finally, Morgan Stanley downgraded Suncor Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $58.00.

Suncor Energy Trading Down 0.2 %

SU opened at $35.66 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. Suncor Energy Inc. has a fifty-two week low of $33.81 and a fifty-two week high of $41.95. The firm has a market capitalization of $44.11 billion, a PE ratio of 10.33, a P/E/G ratio of 2.94 and a beta of 1.11. The company’s 50-day moving average is $38.29 and its 200 day moving average is $38.37.

Suncor Energy (NYSE:SU) (TSE:SU) last released its earnings results 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 net margin of 11.80% and a return on equity of 15.37%. As a group, research analysts predict that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th will be given a $0.399 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date is Tuesday, March 4th. Suncor Energy’s payout ratio is presently 45.51%.

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.