Guardian Partners Inc. Purchases Shares of 269,222 Suncor Energy Inc. (NYSE:SU)

Guardian Partners Inc. purchased a new stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the fourth quarter, Holdings Channel reports. The fund purchased 269,222 shares of the oil and gas producer’s stock, valued at approximately $10,311,000.

A number of other institutional investors have also bought and sold shares of the company. Assenagon Asset Management S.A. raised its holdings in shares of Suncor Energy by 1,324.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 3,469,008 shares of the oil and gas producer’s stock valued at $123,774,000 after purchasing an additional 3,225,543 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Suncor Energy by 39.9% during the fourth quarter. Principal Financial Group Inc. now owns 9,706,616 shares of the oil and gas producer’s stock valued at $346,298,000 after purchasing an additional 2,767,043 shares during the period. Jupiter Asset Management Ltd. raised its holdings in shares of Suncor Energy by 2,061.8% during the fourth quarter. Jupiter Asset Management Ltd. now owns 2,438,291 shares of the oil and gas producer’s stock valued at $86,990,000 after purchasing an additional 2,325,503 shares during the period. Fisher Asset Management LLC raised its holdings in shares of Suncor Energy by 97.4% during the fourth quarter. Fisher Asset Management LLC now owns 3,734,572 shares of the oil and gas producer’s stock valued at $133,250,000 after purchasing an additional 1,842,791 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Suncor Energy by 104.2% during the fourth 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 purchasing an additional 1,573,726 shares during the period. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Trading Down 0.7 %

NYSE:SU opened at $37.46 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33. The firm has a market cap of $46.34 billion, a price-to-earnings ratio of 10.86, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11. Suncor Energy Inc. has a 52 week low of $33.81 and a 52 week high of $41.95. The firm has a 50-day moving average price of $38.22 and a two-hundred day moving average price of $38.14.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS for the quarter, beating the consensus estimate of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. On average, equities analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders 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 annualized dividend and a yield of 4.26%. Suncor Energy’s dividend payout ratio (DPR) is 45.51%.

Analysts Set New Price Targets

SU has been the topic of several research reports. Bank of America initiated coverage on shares of Suncor Energy in a report on Wednesday, February 26th. They set a “neutral” rating on the stock. Scotiabank upgraded shares of Suncor Energy to a “hold” rating in a report on Wednesday. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Monday, February 10th. StockNews.com upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Morgan Stanley lowered shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Suncor Energy currently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Suncor Energy Company 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.