Neville Rodie & Shaw Inc. Acquires New Shares in Suncor Energy Inc. (NYSE:SU)

Neville Rodie & Shaw Inc. bought a new position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the 4th quarter, HoldingsChannel reports. The fund bought 6,258 shares of the oil and gas producer’s stock, valued at approximately $223,000.

Several other institutional investors have also modified their holdings of the company. Eastern Bank purchased a new position in Suncor Energy in the 3rd quarter worth about $25,000. Richardson Financial Services Inc. increased its stake in Suncor Energy by 82.8% in the 2nd quarter. Richardson Financial Services Inc. now owns 724 shares of the oil and gas producer’s stock valued at $28,000 after buying an additional 328 shares during the period. Waldron Private Wealth LLC purchased a new stake in shares of Suncor Energy during the third quarter worth $49,000. Transamerica Financial Advisors Inc. lifted its holdings in shares of Suncor Energy by 2,311.0% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,977 shares of the oil and gas producer’s stock valued at $73,000 after buying an additional 1,895 shares during the last quarter. Finally, Mattson Financial Services LLC acquired a new stake in Suncor Energy in the second quarter valued at approximately $82,000. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Stock Up 1.3 %

NYSE SU opened at $36.90 on Tuesday. The stock has a fifty day moving average of $37.96 and a 200-day moving average of $38.45. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.04 and a current ratio of 1.59. The stock has a market capitalization of $46.20 billion, a P/E ratio of 8.04, a price-to-earnings-growth ratio of 2.43 and a beta of 1.12. Suncor Energy Inc. has a 52 week low of $31.03 and a 52 week high of $41.94.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd were given a dividend of $0.4089 per share. This is a boost from Suncor Energy’s previous quarterly dividend of $0.40. The ex-dividend date was Tuesday, December 3rd. This represents a $1.64 annualized dividend and a dividend yield of 4.43%. Suncor Energy’s payout ratio is presently 36.60%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Morgan Stanley downgraded shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 16th. StockNews.com cut Suncor Energy from a “buy” rating to a “hold” rating in a research report on Thursday, December 26th. Desjardins raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $66.00 target price on shares of Suncor Energy in a research note on Friday, December 20th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

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.