K.J. Harrison & Partners Inc Decreases Position in Suncor Energy Inc. (NYSE:SU)

K.J. Harrison & Partners Inc decreased its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 17.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 107,605 shares of the oil and gas producer’s stock after selling 22,270 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Suncor Energy were worth $3,454,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in SU. Arlington Trust Co LLC bought a new stake in Suncor Energy in the 3rd quarter worth about $29,000. Optiver Holding B.V. purchased a new position in shares of Suncor Energy during the third quarter valued at approximately $29,000. Headinvest LLC bought a new position in Suncor Energy during the third quarter valued at approximately $40,000. Private Trust Co. NA boosted its holdings in Suncor Energy by 38.4% in the third quarter. Private Trust Co. NA now owns 1,222 shares of the oil and gas producer’s stock worth $42,000 after purchasing an additional 339 shares during the last quarter. Finally, Bruce G. Allen Investments LLC purchased a new stake in Suncor Energy in the fourth quarter worth approximately $46,000. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Analysts Set New Price Targets

SU has been the topic of several research reports. Morgan Stanley raised their target price on Suncor Energy from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $52.00.

Suncor Energy Price Performance

SU traded down $0.01 during trading on Friday, reaching $39.43. 2,563,934 shares of the company traded hands, compared to its average volume of 4,265,604. Suncor Energy Inc. has a 12-month low of $27.59 and a 12-month high of $39.63. The firm has a fifty day simple moving average of $36.44 and a 200 day simple moving average of $33.90. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.88 and a current ratio of 1.44. The company has a market cap of $50.76 billion, a P/E ratio of 8.39, a PEG ratio of 3.46 and a beta of 1.13.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings data on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.13. The firm had revenue of $10.39 billion during the quarter, compared to analyst estimates of $8.46 billion. Suncor Energy had a return on equity of 16.08% and a net margin of 16.33%. During the same quarter last year, the business posted $1.33 earnings per share. On average, equities analysts forecast that Suncor Energy Inc. will post 3.78 EPS for the current year.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 4th were issued a $0.406 dividend. The ex-dividend date of this dividend was Friday, March 1st. This is an increase from Suncor Energy’s previous quarterly dividend of $0.39. This represents a $1.62 dividend on an annualized basis and a dividend yield of 4.12%. Suncor Energy’s payout ratio is 34.26%.

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.