Stevens Capital Management LP Takes $252,000 Position in Suncor Energy Inc. (NYSE:SU)

Stevens Capital Management LP bought a new position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 7,053 shares of the oil and gas producer’s stock, valued at approximately $252,000.

Other large investors have also recently bought and sold shares of the company. HHM Wealth Advisors LLC grew its position in 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 worth $30,000 after purchasing an additional 325 shares during the last quarter. Lee Danner & Bass Inc. acquired a new stake in Suncor Energy during the fourth quarter worth about $36,000. Golden State Wealth Management LLC bought a new position in Suncor Energy during the fourth quarter valued at about $39,000. Stonebridge Financial Group LLC acquired a new position in Suncor Energy in the 4th quarter valued at approximately $45,000. Finally, UMB Bank n.a. lifted its position 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 worth $50,000 after acquiring an additional 300 shares during the period. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Suncor Energy Trading Up 2.6 %

SU stock opened at $38.41 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. The stock has a market capitalization of $47.52 billion, a price-to-earnings ratio of 11.13, a P/E/G ratio of 2.94 and a beta of 1.11. The business has a fifty day moving average price of $38.20 and a 200 day moving average price of $38.14. Suncor Energy Inc. has a fifty-two week low of $33.81 and a fifty-two week high of $41.95.

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

Suncor Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th will be given a dividend of $0.399 per share. The ex-dividend date is Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.15%. Suncor Energy’s payout ratio is 45.51%.

Analyst Ratings Changes

A number of research firms have recently issued reports on SU. Royal Bank of Canada restated an “outperform” rating and set a $66.00 price objective on shares of Suncor Energy in a research report on Tuesday, January 7th. Morgan Stanley lowered shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Tudor Pickering raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Finally, Cibc World Mkts raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Suncor Energy currently has an average 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.