Avestar Capital LLC purchased a new stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,394 shares of the oil and gas producer’s stock, valued at approximately $148,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SeaCrest Wealth Management LLC bought a new position in Suncor Energy during the 4th quarter valued at approximately $100,000. Cerebellum GP LLC bought a new position in Suncor Energy during the 4th quarter valued at approximately $134,000. IFG Advisory LLC bought a new position in Suncor Energy during the 4th quarter valued at approximately $371,000. Icon Wealth Partners LLC bought a new position in Suncor Energy during the 4th quarter valued at approximately $181,000. Finally, Fishman Jay A Ltd. MI bought a new position in Suncor Energy during the 4th quarter valued at approximately $202,000. 65.77% of the stock is owned by institutional investors and hedge funds.
Suncor Energy Inc. (NYSE SU) opened at $32.51 on Tuesday. Suncor Energy Inc. has a twelve month low of $27.96 and a twelve month high of $38.39. The company has a current ratio of 1.00, a quick ratio of 0.64 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $53,390.00, a P/E ratio of 15.56, a price-to-earnings-growth ratio of 2.00 and a beta of 0.87.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 26th. Shareholders of record on Monday, March 5th will be issued a dividend of $0.286 per share. This is an increase from Suncor Energy’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, March 2nd. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.52%. Suncor Energy’s dividend payout ratio is 55.02%.
A number of research firms have commented on SU. Piper Jaffray Companies set a $46.00 price target on Suncor Energy and gave the company a “buy” rating in a research report on Friday, February 9th. TD Securities lowered Suncor Energy from a “buy” rating to a “hold” rating and set a $50.00 price target for the company. in a research report on Thursday, November 16th. Zacks Investment Research lowered Suncor Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Edward Jones raised Suncor Energy from a “hold” rating to a “buy” rating in a research report on Monday, November 20th. Finally, JPMorgan Chase & Co. raised Suncor Energy from a “neutral” rating to an “overweight” rating in a research report on Friday, February 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $45.67.
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Suncor Energy Company Profile
Suncor Energy Inc is a Canada-based integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.
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