13,432 Shares in Suncor Energy Inc. (NYSE:SU) Acquired by Royal Fund Management LLC

Royal Fund Management LLC acquired a new position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,432 shares of the oil and gas producer’s stock, valued at approximately $430,000.

Other institutional investors also recently modified their holdings of the company. Optiver Holding B.V. purchased a new stake in Suncor Energy in the third quarter worth approximately $29,000. Benjamin F. Edwards & Company Inc. boosted its stake in Suncor Energy by 43.2% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,038 shares of the oil and gas producer’s stock worth $33,000 after buying an additional 313 shares in the last quarter. Headinvest LLC purchased a new stake in Suncor Energy in the third quarter worth approximately $40,000. Bruce G. Allen Investments LLC purchased a new stake in Suncor Energy in the fourth quarter worth approximately $46,000. Finally, NBC Securities Inc. purchased a new stake in Suncor Energy in the third quarter worth approximately $54,000. 67.37% of the stock is currently owned by institutional investors.

Suncor Energy Trading Up 0.5 %

SU stock traded up $0.19 on Friday, reaching $38.24. The company’s stock had a trading volume of 3,435,852 shares, compared to its average volume of 3,786,945. The business has a fifty day simple moving average of $36.94 and a two-hundred day simple moving average of $34.05. Suncor Energy Inc. has a 12-month low of $27.59 and a 12-month high of $39.73. The firm has a market cap of $49.22 billion, a PE ratio of 8.14, a PEG ratio of 3.36 and a beta of 1.11. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.88 and a current ratio of 1.44.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings results on Wednesday, February 21st. The oil and gas producer reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.13. Suncor Energy had a return on equity of 16.08% and a net margin of 16.33%. The company had revenue of $10.39 billion during the quarter, compared to analyst estimates of $8.46 billion. During the same quarter last year, the firm posted $1.33 earnings per share. As a group, research analysts forecast that Suncor Energy Inc. will post 3.77 EPS for the current year.

Suncor Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 4th were issued a $0.406 dividend. This is an increase from Suncor Energy’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.62 dividend on an annualized basis and a yield of 4.25%. Suncor Energy’s dividend payout ratio is 34.26%.

Analyst Upgrades and Downgrades

SU has been the subject of several research reports. StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Morgan Stanley increased their price objective on Suncor Energy from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $52.00.

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.