Commonwealth Equity Services LLC Purchases 4,057 Shares of Suncor Energy Inc. (NYSE:SU)

Commonwealth Equity Services LLC increased its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 9.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 47,345 shares of the oil and gas producer’s stock after purchasing an additional 4,057 shares during the period. Commonwealth Equity Services LLC’s holdings in Suncor Energy were worth $1,689,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SU. Toronto Dominion Bank grew its stake in shares of Suncor Energy by 1.8% in the third quarter. Toronto Dominion Bank now owns 18,546,207 shares of the oil and gas producer’s stock worth $684,726,000 after acquiring an additional 333,440 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in Suncor Energy by 4.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,132,812 shares of the oil and gas producer’s stock worth $361,227,000 after purchasing an additional 437,252 shares during the period. Principal Financial Group Inc. raised its stake in Suncor Energy by 39.9% during the 4th quarter. Principal Financial Group Inc. now owns 9,706,616 shares of the oil and gas producer’s stock valued at $346,298,000 after buying an additional 2,767,043 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Suncor Energy by 7.6% during the 3rd quarter. Geode Capital Management LLC now owns 5,891,596 shares of the oil and gas producer’s stock valued at $220,955,000 after buying an additional 413,797 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Suncor Energy by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,457,325 shares of the oil and gas producer’s stock worth $159,030,000 after buying an additional 99,669 shares during the last quarter. 67.37% of the stock is currently owned by hedge funds and other institutional investors.

Suncor Energy Stock Down 0.7 %

Shares of SU stock opened at $38.36 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. Suncor Energy Inc. has a one year low of $33.81 and a one year high of $41.95. The company’s fifty day moving average price is $38.13 and its 200-day moving average price is $38.16. The company has a market capitalization of $47.45 billion, a price-to-earnings ratio of 11.12, a PEG ratio of 2.94 and a beta of 1.11.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.07. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. Sell-side analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th were paid a dividend of $0.399 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date of this dividend was Tuesday, March 4th. Suncor Energy’s payout ratio is presently 45.51%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SU. StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research report on Saturday, March 22nd. Morgan Stanley cut shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. Cibc World Mkts raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Finally, Tudor Pickering upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $59.20.

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.