Suncor Energy Inc. (NYSE:SU) Stock Holdings Boosted by Corient Private Wealth LLC

Corient Private Wealth LLC lifted its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 301.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 376,269 shares of the oil and gas producer’s stock after acquiring an additional 282,579 shares during the period. Corient Private Wealth LLC’s holdings in Suncor Energy were worth $12,056,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Optiver Holding B.V. acquired a new stake in Suncor Energy in the 3rd quarter valued at about $29,000. Benjamin F. Edwards & Company Inc. increased its holdings in Suncor Energy by 43.2% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,038 shares of the oil and gas producer’s stock worth $33,000 after buying an additional 313 shares during the last quarter. Headinvest LLC bought a new stake in Suncor Energy during the third quarter worth approximately $40,000. Bruce G. Allen Investments LLC bought a new stake in Suncor Energy during the fourth quarter worth approximately $46,000. Finally, NBC Securities Inc. bought a new stake in Suncor Energy during the third quarter worth approximately $54,000. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Stock Up 0.4 %

Shares of NYSE:SU traded up $0.18 during trading on Friday, hitting $40.30. 5,251,526 shares of the company’s stock traded hands, compared to its average volume of 4,518,806. Suncor Energy Inc. has a 52 week low of $27.59 and a 52 week high of $41.50. The company has a current ratio of 1.51, a quick ratio of 0.97 and a debt-to-equity ratio of 0.25. The company has a market cap of $51.82 billion, a price-to-earnings ratio of 8.98, a price-to-earnings-growth ratio of 3.69 and a beta of 1.11. The company has a 50-day moving average price of $38.46 and a 200-day moving average price of $34.72.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings results on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.13. Suncor Energy had a return on equity of 15.69% and a net margin of 15.38%. The firm had revenue of $10.39 billion for the quarter, compared to analyst estimates of $8.46 billion. During the same quarter in the previous year, the firm earned $1.33 EPS. As a group, research analysts forecast that Suncor Energy Inc. will post 3.63 EPS for the current fiscal year.

Suncor Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 25th. Investors of record on Tuesday, June 4th will be paid a $0.395 dividend. This represents a $1.58 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date is Tuesday, June 4th. Suncor Energy’s dividend payout ratio (DPR) is presently 35.86%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. TD Securities upped their target price on Suncor Energy from $52.00 to $57.00 and gave the stock a “hold” rating in a research report on Wednesday. Morgan Stanley increased their price objective on Suncor Energy from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research note on Thursday, May 16th. Finally, The Goldman Sachs Group lifted their price objective on Suncor Energy from $38.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $51.67.

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.