Farther Finance Advisors LLC Buys 1,524 Shares of Suncor Energy Inc. (NYSE:SU)

Farther Finance Advisors LLC grew its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 32.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,292 shares of the oil and gas producer’s stock after purchasing an additional 1,524 shares during the quarter. Farther Finance Advisors LLC’s holdings in Suncor Energy were worth $224,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Toronto Dominion Bank raised its position in shares of Suncor Energy by 1.8% in the third quarter. Toronto Dominion Bank now owns 18,546,207 shares of the oil and gas producer’s stock valued at $684,726,000 after purchasing an additional 333,440 shares during the period. Principal Financial Group Inc. grew its stake in shares of Suncor Energy by 39.9% in the fourth quarter. Principal Financial Group Inc. now owns 9,706,616 shares of the oil and gas producer’s stock valued at $346,298,000 after acquiring an additional 2,767,043 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Suncor Energy by 23.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,695,560 shares of the oil and gas producer’s stock valued at $357,827,000 after acquiring an additional 1,829,936 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Suncor Energy by 7.6% in the third quarter. Geode Capital Management LLC now owns 5,891,596 shares of the oil and gas producer’s stock valued at $220,955,000 after acquiring an additional 413,797 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Suncor Energy by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,457,325 shares of the oil and gas producer’s stock valued at $159,030,000 after acquiring an additional 99,669 shares in the last quarter. 67.37% of the stock is owned by institutional investors.

Suncor Energy Trading Down 0.3 %

SU opened at $37.48 on Thursday. The company’s 50 day moving average is $38.27 and its 200-day moving average is $38.17. Suncor Energy Inc. has a 1-year low of $33.81 and a 1-year high of $41.95. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The company has a market cap of $46.37 billion, a P/E ratio of 10.86, a PEG ratio of 2.94 and a beta of 1.11.

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 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%. 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th will be paid a $0.399 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.26%. Suncor Energy’s payout ratio is currently 45.51%.

Wall Street Analyst Weigh In

Several research firms recently commented on SU. Royal Bank of Canada restated an “outperform” rating and issued a $66.00 price target on shares of Suncor Energy in a research note on Tuesday, January 7th. Morgan Stanley downgraded shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. StockNews.com downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Friday, March 14th. Bank of America began coverage on shares of Suncor Energy in a research note on Wednesday, February 26th. They issued a “neutral” rating on the stock. Finally, Tudor Pickering upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Suncor Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

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.