Jones Financial Companies Lllp Has $2.42 Million Holdings in Suncor Energy Inc. (NYSE:SU)

Jones Financial Companies Lllp boosted its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 86.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,848 shares of the oil and gas producer’s stock after buying an additional 31,366 shares during the quarter. Jones Financial Companies Lllp’s holdings in Suncor Energy were worth $2,421,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. HHM Wealth Advisors LLC raised its position in shares of Suncor Energy by 62.1% in the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer’s stock valued at $30,000 after purchasing an additional 325 shares during the period. Golden State Wealth Management LLC acquired a new position in Suncor Energy in the 4th quarter valued at $39,000. Stonebridge Financial Group LLC bought a new position in Suncor Energy in the 4th quarter worth $45,000. UMB Bank n.a. lifted its position in Suncor Energy by 27.5% during the 4th quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer’s stock worth $50,000 after acquiring an additional 300 shares during the last quarter. Finally, Private Trust Co. NA grew its position in shares of Suncor Energy by 50.2% in the fourth quarter. Private Trust Co. NA now owns 1,705 shares of the oil and gas producer’s stock valued at $61,000 after purchasing an additional 570 shares during the last quarter. 67.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Suncor Energy Stock Down 2.1 %

SU opened at $34.30 on Thursday. The company has a market capitalization of $42.59 billion, a P/E ratio of 9.94, a P/E/G ratio of 2.94 and a beta of 1.12. 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’s fifty day moving average price is $38.28 and its two-hundred day moving average price is $38.49. Suncor Energy Inc. has a fifty-two week low of $33.81 and a fifty-two week high of $41.94.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate 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, analysts anticipate 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 given a dividend of $0.399 per share. The ex-dividend date is Tuesday, March 4th. This represents a $1.60 annualized dividend and a dividend yield of 4.65%. Suncor Energy’s dividend payout ratio (DPR) is presently 45.22%.

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.