Robertson Stephens Wealth Management LLC Acquires New Holdings in Suncor Energy Inc. (NYSE:SU)

Robertson Stephens Wealth Management LLC bought a new position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 13,793 shares of the oil and gas producer’s stock, valued at approximately $442,000.

Several other large investors have also recently bought and sold shares of SU. Optiver Holding B.V. purchased a new position in Suncor Energy in the third quarter worth $29,000. Headinvest LLC purchased a new position in shares of Suncor Energy in the 3rd quarter worth about $40,000. Bruce G. Allen Investments LLC bought a new position in shares of Suncor Energy during the 4th quarter valued at about $46,000. NBC Securities Inc. purchased a new position in shares of Suncor Energy during the 3rd quarter valued at about $54,000. Finally, Tacita Capital Inc lifted its position in Suncor Energy by 130.9% in the 3rd quarter. Tacita Capital Inc now owns 1,616 shares of the oil and gas producer’s stock worth $56,000 after buying an additional 916 shares during the last quarter. 67.37% of the stock is owned by institutional investors.

Suncor Energy Stock Up 0.5 %

Shares of Suncor Energy stock opened at $38.24 on Friday. The company’s 50 day moving average price is $36.86 and its 200-day moving average price is $34.03. Suncor Energy Inc. has a 52-week low of $27.59 and a 52-week high of $39.73. 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 stock has a market capitalization of $49.22 billion, a price-to-earnings ratio of 8.14, a P/E/G ratio of 3.36 and a beta of 1.11.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings data on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 in the previous year, the company earned $1.33 earnings per share. Equities research analysts forecast that Suncor Energy Inc. will post 3.77 EPS for the current 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 issued a $0.406 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.62 annualized dividend and a yield of 4.25%. This is a boost from Suncor Energy’s previous quarterly dividend of $0.39. Suncor Energy’s dividend payout ratio (DPR) is 34.26%.

Analyst Upgrades and Downgrades

Several research firms have commented on SU. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Morgan Stanley lifted their target price on shares of Suncor Energy from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Suncor Energy currently has a consensus rating of “Moderate Buy” and an average target price of $52.00.

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.