Todd Asset Management LLC Purchases New Shares in Suncor Energy Inc. (NYSE:SU)

Todd Asset Management LLC acquired a new position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 87,500 shares of the oil and gas producer’s stock, valued at approximately $2,804,000.

Other large investors also recently made changes to their positions in the company. Pinnacle Associates Ltd. grew its holdings in Suncor Energy by 0.6% during the 3rd quarter. Pinnacle Associates Ltd. now owns 47,669 shares of the oil and gas producer’s stock worth $1,639,000 after acquiring an additional 300 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Suncor Energy by 16.1% in the third quarter. Raymond James & Associates now owns 739,652 shares of the oil and gas producer’s stock valued at $25,429,000 after purchasing an additional 102,412 shares in the last quarter. Stratos Wealth Partners LTD. bought a new position in Suncor Energy in the 3rd quarter worth approximately $715,000. Baker Ellis Asset Management LLC acquired a new position in Suncor Energy during the 3rd quarter worth $223,000. Finally, Verdence Capital Advisors LLC boosted its position in Suncor Energy by 3.6% in the 3rd quarter. Verdence Capital Advisors LLC now owns 28,181 shares of the oil and gas producer’s stock valued at $969,000 after buying an additional 975 shares during the last quarter. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Trading Up 0.5 %

Shares of Suncor Energy stock traded up $0.19 during trading on Friday, reaching $38.24. 3,435,852 shares of the company were exchanged, compared to its average volume of 3,786,945. The business has a 50-day moving average price of $36.94 and a 200-day moving average price of $34.05. The firm has a market capitalization of $49.22 billion, a price-to-earnings ratio of 8.14, a P/E/G ratio of 3.36 and a beta of 1.11. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.26. Suncor Energy Inc. has a twelve month low of $27.59 and a twelve month high of $39.73.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its earnings results on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.13. The company had revenue of $10.39 billion during the quarter, compared to analyst estimates of $8.46 billion. Suncor Energy had a return on equity of 16.08% and a net margin of 16.33%. During the same period in the previous year, the company earned $1.33 EPS. Sell-side analysts anticipate that Suncor Energy Inc. will post 3.77 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 4th were issued a $0.406 dividend. The ex-dividend date of this dividend was Friday, March 1st. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.39. This represents a $1.62 annualized dividend and a yield of 4.25%. Suncor Energy’s dividend payout ratio (DPR) is 34.26%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SU. StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. Morgan Stanley boosted their price objective on Suncor Energy from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Suncor Energy currently has an average rating of “Moderate Buy” and an average price target of $52.00.

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.