X Square Capital LLC Acquires 267 Shares of Suncor Energy Inc. (NYSE:SU)

X Square Capital LLC lifted its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 0.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 82,720 shares of the oil and gas producer’s stock after acquiring an additional 267 shares during the quarter. Suncor Energy accounts for about 1.2% of X Square Capital LLC’s holdings, making the stock its 27th biggest holding. X Square Capital LLC’s holdings in Suncor Energy were worth $2,951,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Sanctuary Advisors LLC raised its holdings in Suncor Energy by 32.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 82,204 shares of the oil and gas producer’s stock valued at $3,035,000 after buying an additional 20,081 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Suncor Energy by 86.0% during the fourth quarter. Jones Financial Companies Lllp now owns 67,848 shares of the oil and gas producer’s stock valued at $2,421,000 after acquiring an additional 31,366 shares during the last quarter. Sage Investment Counsel LLC purchased a new stake in shares of Suncor Energy during the fourth quarter worth about $300,000. J.W. Cole Advisors Inc. bought a new stake in shares of Suncor Energy in the fourth quarter worth about $236,000. Finally, Bank of New York Mellon Corp increased its holdings in Suncor Energy by 104.2% during the 4th quarter. Bank of New York Mellon Corp now owns 3,083,440 shares of the oil and gas producer’s stock valued at $110,017,000 after purchasing an additional 1,573,726 shares during the period. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SU shares. StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research report on Saturday, March 22nd. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Tudor Pickering upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Morgan Stanley lowered shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. Finally, Cibc World Mkts upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Suncor Energy Stock Performance

Suncor Energy stock opened at $38.66 on Friday. Suncor Energy Inc. has a twelve month low of $33.81 and a twelve month high of $41.95. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $47.82 billion, a P/E ratio of 11.20, a PEG ratio of 2.94 and a beta of 1.11. The stock’s 50 day moving average is $38.14 and its 200 day moving average is $38.15.

Suncor Energy (NYSE:SU) (TSE:SU) last released its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS for the quarter, topping 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%. On average, equities research analysts predict that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th were issued a $0.399 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $1.60 annualized dividend and a yield of 4.13%. Suncor Energy’s dividend payout ratio (DPR) is presently 45.51%.

Suncor Energy 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.