Cerity Partners LLC Has $682,000 Stock Position in Suncor Energy Inc. (NYSE:SU)

Cerity Partners LLC grew its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 114.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,295 shares of the oil and gas producer’s stock after acquiring an additional 11,344 shares during the period. Cerity Partners LLC’s holdings in Suncor Energy were worth $682,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Arlington Trust Co LLC bought a new position in shares of Suncor Energy in the third quarter worth $29,000. Optiver Holding B.V. bought a new position in Suncor Energy during the 3rd quarter worth $29,000. Headinvest LLC acquired a new position in shares of Suncor Energy in the third quarter worth approximately $40,000. Private Trust Co. NA boosted its stake in shares of Suncor Energy by 38.4% in the 3rd quarter. Private Trust Co. NA now owns 1,222 shares of the oil and gas producer’s stock valued at $42,000 after purchasing an additional 339 shares during the last quarter. Finally, Bruce G. Allen Investments LLC bought a new stake in shares of Suncor Energy during the 4th quarter valued at about $46,000. Institutional investors own 67.37% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SU shares. StockNews.com upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. Morgan Stanley upped their price target on Suncor Energy from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Suncor Energy has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

Suncor Energy Stock Performance

Shares of SU stock opened at $39.15 on Wednesday. Suncor Energy Inc. has a one year low of $27.59 and a one year high of $39.34. The company has a market cap of $50.40 billion, a P/E ratio of 8.33, a P/E/G ratio of 3.40 and a beta of 1.13. The firm has a 50-day moving average of $36.03 and a 200-day moving average of $33.79. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.44 and a quick ratio of 0.88.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its earnings results on Wednesday, February 21st. The oil and gas producer reported $0.93 EPS for the quarter, topping the consensus estimate of $0.80 by $0.13. The firm had revenue of $10.39 billion for the quarter, compared to analysts’ expectations 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 last year, the firm earned $1.33 EPS. Equities research analysts forecast that Suncor Energy Inc. will post 3.78 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 4th were given a $0.406 dividend. The ex-dividend date was Friday, March 1st. This represents a $1.62 annualized dividend and a yield of 4.15%. This is a boost from Suncor Energy’s previous quarterly dividend of $0.39. Suncor Energy’s payout ratio is currently 34.26%.

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.