Mraz Amerine & Associates Inc. Purchases 3,045 Shares of Suncor Energy Inc. (NYSE:SU)

Mraz Amerine & Associates Inc. increased its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 14.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,219 shares of the oil and gas producer’s stock after purchasing an additional 3,045 shares during the quarter. Mraz Amerine & Associates Inc.’s holdings in Suncor Energy were worth $776,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cullen Investment Group LTD. purchased a new position in shares of Suncor Energy during the 4th quarter worth $1,150,000. Beverly Hills Private Wealth LLC purchased a new position in shares of Suncor Energy during the 4th quarter worth $371,000. NewEdge Wealth LLC boosted its stake in shares of Suncor Energy by 9.9% during the 4th quarter. NewEdge Wealth LLC now owns 587,664 shares of the oil and gas producer’s stock worth $18,829,000 after acquiring an additional 52,802 shares during the last quarter. Clarius Group LLC boosted its stake in shares of Suncor Energy by 62.2% during the 4th quarter. Clarius Group LLC now owns 11,235 shares of the oil and gas producer’s stock worth $360,000 after acquiring an additional 4,307 shares during the last quarter. Finally, Sapient Capital LLC purchased a new position in shares of Suncor Energy during the 4th quarter worth $1,100,000. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on SU shares. Morgan Stanley lifted their target price on shares of Suncor Energy from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. StockNews.com upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Suncor Energy has an average rating of “Moderate Buy” and an average price target of $52.00.

Suncor Energy Price Performance

Shares of Suncor Energy stock traded up $0.32 during trading hours on Wednesday, reaching $37.90. The company’s stock had a trading volume of 3,333,578 shares, compared to its average volume of 4,348,275. The firm has a 50 day moving average price of $35.39 and a 200-day moving average price of $33.58. Suncor Energy Inc. has a one year low of $27.59 and a one year high of $39.32. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.44 and a quick ratio of 0.88. The stock has a market cap of $48.78 billion, a P/E ratio of 8.00, a P/E/G ratio of 3.33 and a beta of 1.13.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its earnings results on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.13. Suncor Energy had a net margin of 16.33% and a return on equity of 16.08%. The firm had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $8.46 billion. During the same period in the previous year, the firm posted $1.33 EPS. On average, analysts predict that Suncor Energy Inc. will post 3.72 EPS for the current year.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 4th were issued a dividend of $0.406 per share. This represents a $1.62 annualized dividend and a yield of 4.29%. This is an increase from Suncor Energy’s previous quarterly dividend of $0.39. The ex-dividend date was Friday, March 1st. Suncor Energy’s dividend payout ratio is presently 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.