Independence Bank of Kentucky Has $152,000 Stock Position in Suncor Energy Inc. (NYSE:SU)

Independence Bank of Kentucky lifted its position in Suncor Energy Inc. (NYSE:SUFree Report) (TSE:SU) by 55.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,735 shares of the oil and gas producer’s stock after buying an additional 1,685 shares during the quarter. Independence Bank of Kentucky’s holdings in Suncor Energy were worth $152,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of SU. True North Advisors LLC raised its stake in Suncor Energy by 8.1% during the 4th quarter. True North Advisors LLC now owns 22,166 shares of the oil and gas producer’s stock valued at $710,000 after purchasing an additional 1,655 shares during the last quarter. Spirit of America Management Corp NY acquired a new position in Suncor Energy during the 4th quarter valued at $128,000. Chilton Capital Management LLC raised its stake in Suncor Energy by 3,636.4% during the 4th quarter. Chilton Capital Management LLC now owns 4,110 shares of the oil and gas producer’s stock valued at $132,000 after purchasing an additional 4,000 shares during the last quarter. Gradient Investments LLC raised its stake in Suncor Energy by 2.5% during the 4th quarter. Gradient Investments LLC now owns 34,034 shares of the oil and gas producer’s stock valued at $1,090,000 after purchasing an additional 829 shares during the last quarter. Finally, Ritholtz Wealth Management raised its stake in Suncor Energy by 0.9% during the 4th quarter. Ritholtz Wealth Management now owns 86,589 shares of the oil and gas producer’s stock valued at $2,774,000 after purchasing an additional 743 shares during the last quarter. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Suncor Energy Trading Up 1.4 %

Shares of Suncor Energy stock opened at $38.52 on Thursday. The firm has a market capitalization of $49.62 billion, a PE ratio of 8.20, a price-to-earnings-growth ratio of 3.54 and a beta of 1.13. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.44 and a quick ratio of 0.88. The company’s fifty day moving average price is $34.35 and its two-hundred day moving average price is $33.34. Suncor Energy Inc. has a 52-week low of $27.59 and a 52-week high of $38.61.

Suncor Energy (NYSE:SUGet Free Report) (TSE:SU) last announced its quarterly earnings results on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.13. The firm had revenue of $10.39 billion for the quarter, compared to analyst estimates of $8.46 billion. Suncor Energy had a net margin of 16.33% and a return on equity of 16.08%. During the same quarter in the previous year, the firm posted $1.33 EPS. On average, analysts expect that Suncor Energy Inc. will post 3.58 EPS for the current year.

Suncor Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 4th were issued a $0.406 dividend. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.39. The ex-dividend date was Friday, March 1st. This represents a $1.62 annualized dividend and a dividend yield of 4.22%. Suncor Energy’s dividend payout ratio is presently 34.26%.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley upped their target price on shares of Suncor Energy from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $52.00.

View Our Latest Report on Suncor Energy

About Suncor Energy

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Suncor Energy (NYSE:SU)

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