Cullen Investment Group LTD. purchased a new stake in Suncor Energy Inc. (NYSE:SU – Free Report) (TSE:SU) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 35,886 shares of the oil and gas producer’s stock, valued at approximately $1,150,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Arlington Trust Co LLC purchased a new position in shares of Suncor Energy during the third quarter worth approximately $29,000. Optiver Holding B.V. purchased a new position in shares of Suncor Energy during the third quarter worth approximately $29,000. Sunbelt Securities Inc. purchased a new position in shares of Suncor Energy during the first quarter worth approximately $31,000. Headinvest LLC purchased a new position in shares of Suncor Energy during the third quarter worth approximately $40,000. Finally, Private Trust Co. NA lifted its holdings in shares of Suncor Energy by 38.4% during the third quarter. Private Trust Co. NA now owns 1,222 shares of the oil and gas producer’s stock worth $42,000 after purchasing an additional 339 shares during the period. 67.37% of the stock is owned by institutional investors and hedge funds.
Suncor Energy Price Performance
Suncor Energy stock opened at $37.18 on Tuesday. Suncor Energy Inc. has a one year low of $27.59 and a one year high of $39.32. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.88 and a current ratio of 1.44. The business has a fifty day moving average of $35.28 and a two-hundred day moving average of $33.56. The company has a market cap of $47.86 billion, a P/E ratio of 7.91, a price-to-earnings-growth ratio of 3.46 and a beta of 1.13.
Suncor Energy Increases Dividend
The firm 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 represents a $1.62 dividend on an annualized basis and a yield of 4.37%. This is an increase from Suncor Energy’s previous quarterly dividend of $0.39. Suncor Energy’s dividend payout ratio (DPR) is 34.26%.
Analyst Ratings Changes
SU has been the subject of several recent research reports. StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Friday. Morgan Stanley increased their price target 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 six have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.
View Our Latest Research Report on Suncor Energy
About Suncor Energy
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.
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