Signaturefd LLC Has $1.05 Million Holdings in Suncor Energy Inc. (NYSE:SU)

Signaturefd LLC lifted its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,467 shares of the oil and gas producer’s stock after purchasing an additional 1,200 shares during the period. Signaturefd LLC’s holdings in Suncor Energy were worth $1,051,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of SU. HHM Wealth Advisors LLC lifted its stake in shares of Suncor Energy by 62.1% in the 4th quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer’s stock valued at $30,000 after purchasing an additional 325 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Suncor Energy in the 4th quarter valued at $39,000. Stonebridge Financial Group LLC acquired a new stake in shares of Suncor Energy in the 4th quarter valued at $45,000. UMB Bank n.a. lifted its stake in shares of Suncor Energy by 27.5% in the 4th quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer’s stock valued at $50,000 after purchasing an additional 300 shares during the last quarter. Finally, Private Trust Co. NA lifted its stake in shares of Suncor Energy by 50.2% in the 4th quarter. Private Trust Co. NA now owns 1,705 shares of the oil and gas producer’s stock valued at $61,000 after purchasing an additional 570 shares during the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Stock Performance

NYSE SU opened at $37.61 on Wednesday. The stock has a market cap of $46.52 billion, a P/E ratio of 10.90, a PEG ratio of 2.94 and a beta of 1.11. The company’s 50-day simple moving average is $38.29 and its 200 day simple moving average is $38.18. Suncor Energy Inc. has a twelve month low of $33.81 and a twelve month high of $41.95. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21.

Suncor Energy (NYSE:SU) (TSE:SU) last posted 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 forecast 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 paid a $0.399 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a yield of 4.24%. Suncor Energy’s payout ratio is currently 45.51%.

Analyst Upgrades and Downgrades

SU has been the topic of several recent analyst reports. Cibc World Mkts upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Bank of America initiated coverage on shares of Suncor Energy in a report on Wednesday, February 26th. They issued a “neutral” rating on the stock. Morgan Stanley downgraded shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Finally, StockNews.com downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating in a report on Friday, March 14th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

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.