New England Research & Management Inc. Purchases Shares of 13,730 Suncor Energy Inc. $SU

New England Research & Management Inc. acquired a new position in Suncor Energy Inc. (NYSE:SUFree Report) (TSE:SU) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 13,730 shares of the oil and gas producer’s stock, valued at approximately $609,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Suncor Energy by 3.1% in the second quarter. Vanguard Group Inc. now owns 54,631,516 shares of the oil and gas producer’s stock valued at $2,046,442,000 after purchasing an additional 1,632,247 shares in the last quarter. Artisan Partners Limited Partnership boosted its stake in Suncor Energy by 0.4% during the third quarter. Artisan Partners Limited Partnership now owns 33,868,775 shares of the oil and gas producer’s stock worth $1,417,029,000 after buying an additional 145,800 shares in the last quarter. Dodge & Cox increased its holdings in Suncor Energy by 0.3% in the 3rd quarter. Dodge & Cox now owns 27,471,954 shares of the oil and gas producer’s stock valued at $1,148,602,000 after buying an additional 70,300 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Suncor Energy by 3.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,911,602 shares of the oil and gas producer’s stock valued at $779,788,000 after buying an additional 641,354 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Suncor Energy by 0.6% in the 3rd quarter. Principal Financial Group Inc. now owns 18,854,921 shares of the oil and gas producer’s stock valued at $789,213,000 after buying an additional 106,765 shares in the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on SU. JPMorgan Chase & Co. raised shares of Suncor Energy from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $46.15 to $54.00 in a report on Tuesday, January 20th. Zacks Research cut shares of Suncor Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Weiss Ratings reissued a “buy (b)” rating on shares of Suncor Energy in a research report on Monday, December 29th. Wall Street Zen cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Sunday, December 28th. Finally, The Goldman Sachs Group lifted their price objective on Suncor Energy from $55.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, March 12th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.67.

Read Our Latest Stock Analysis on SU

Suncor Energy Stock Performance

NYSE:SU opened at $63.74 on Friday. Suncor Energy Inc. has a 1 year low of $30.79 and a 1 year high of $64.63. The firm has a 50 day moving average of $54.95 and a 200-day moving average of $46.81. The company has a current ratio of 1.39, a quick ratio of 0.89 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $75.84 billion, a P/E ratio of 18.37 and a beta of 0.43.

Suncor Energy (NYSE:SUGet Free Report) (TSE:SU) last announced its earnings results on Tuesday, February 3rd. The oil and gas producer reported $0.79 EPS for the quarter, topping the consensus estimate of $0.77 by $0.02. The business had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $8.79 billion. Suncor Energy had a return on equity of 12.51% and a net margin of 11.99%.During the same period in the previous year, the business earned $1.25 EPS. As a group, sell-side analysts anticipate that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $2.40 dividend on an annualized basis and a yield of 3.8%. Suncor Energy’s payout ratio is currently 50.72%.

More Suncor Energy News

Here are the key news stories impacting Suncor Energy this week:

Suncor Energy Company Profile

(Free Report)

Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company’s operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.

Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.

Further Reading

Institutional Ownership by Quarter for Suncor Energy (NYSE:SU)

Receive News & Ratings for Suncor Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy and related companies with MarketBeat.com's FREE daily email newsletter.