Heartland Advisors Inc. Has $1.84 Million Stock Holdings in Suncor Energy Inc. (NYSE:SU)

Heartland Advisors Inc. reduced its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,652 shares of the oil and gas producer’s stock after selling 1,272 shares during the period. Heartland Advisors Inc.’s holdings in Suncor Energy were worth $1,843,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. HHM Wealth Advisors LLC grew its position in Suncor Energy by 62.1% during the 4th quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer’s stock worth $30,000 after acquiring an additional 325 shares during the last quarter. Crowley Wealth Management Inc. acquired a new position in shares of Suncor Energy during the fourth quarter worth approximately $35,000. Lee Danner & Bass Inc. acquired a new stake in shares of Suncor Energy in the 4th quarter worth about $36,000. Golden State Wealth Management LLC bought a new stake in Suncor Energy during the fourth quarter worth $39,000. Finally, Stonebridge Financial Group LLC bought a new position in shares of Suncor Energy during the fourth quarter valued at about $45,000. Institutional investors and hedge funds own 67.37% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on SU shares. Tudor Pickering upgraded 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 price objective on shares of Suncor Energy in a research note on Tuesday, January 7th. Cibc World Mkts upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. StockNews.com upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Saturday, March 22nd. Finally, Bank of America began coverage on shares of Suncor Energy in a report on Wednesday, February 26th. They set a “neutral” rating on the stock. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.20.

Suncor Energy Trading Down 0.7 %

SU stock opened at $38.36 on Friday. The company has a market capitalization of $47.45 billion, a price-to-earnings ratio of 11.12, a PEG ratio of 2.94 and a beta of 1.11. The business has a 50 day simple moving average of $38.13 and a two-hundred day simple moving average of $38.16. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. Suncor Energy Inc. has a 1-year low of $33.81 and a 1-year high of $41.95.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) for the quarter, beating 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%. Research analysts anticipate that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Cuts Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 4.16%. Suncor Energy’s dividend payout ratio is currently 45.51%.

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.