Metis Global Partners LLC Grows Stock Holdings in Suncor Energy Inc. (NYSE:SU)

Metis Global Partners LLC increased its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 9.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 82,997 shares of the oil and gas producer’s stock after acquiring an additional 6,887 shares during the period. Metis Global Partners LLC’s holdings in Suncor Energy were worth $2,963,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC boosted its holdings in Suncor Energy by 62.1% during the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer’s stock worth $30,000 after buying an additional 325 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in Suncor Energy during the fourth quarter worth about $39,000. Stonebridge Financial Group LLC purchased a new stake in Suncor Energy during the fourth quarter worth about $45,000. UMB Bank n.a. boosted its holdings in Suncor Energy by 27.5% during the fourth quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer’s stock worth $50,000 after buying an additional 300 shares in the last quarter. Finally, Private Trust Co. NA boosted its holdings in Suncor Energy by 50.2% during the fourth quarter. Private Trust Co. NA now owns 1,705 shares of the oil and gas producer’s stock worth $61,000 after buying an additional 570 shares in the last quarter. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SU. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Monday, February 10th. StockNews.com cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Tudor Pickering upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Morgan Stanley cut shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 16th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $66.00 target price on shares of Suncor Energy in a research report on Tuesday, January 7th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Suncor Energy Stock Performance

NYSE:SU opened at $38.28 on Friday. The firm has a 50 day simple moving average of $38.28 and a 200-day simple moving average of $38.62. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. The firm has a market cap of $47.64 billion, a PE ratio of 11.10, a P/E/G ratio of 2.94 and a beta of 1.12. Suncor Energy Inc. has a 1-year low of $33.79 and a 1-year high of $41.94.

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

Suncor Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th will be issued a $0.399 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a yield of 4.17%. Suncor Energy’s payout ratio is 45.22%.

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.