Suncor Energy Inc. (NYSE:SU) Shares Bought by UMB Bank n.a.

UMB Bank n.a. lifted its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 27.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,389 shares of the oil and gas producer’s stock after acquiring an additional 300 shares during the period. UMB Bank n.a.’s holdings in Suncor Energy were worth $50,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Eastern Bank purchased a new stake in shares of Suncor Energy during the third quarter worth about $25,000. Waldron Private Wealth LLC acquired a new stake in Suncor Energy during the third quarter worth approximately $49,000. Transamerica Financial Advisors Inc. grew its stake in Suncor Energy by 2,311.0% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,977 shares of the oil and gas producer’s stock worth $73,000 after acquiring an additional 1,895 shares during the period. Mattson Financial Services LLC purchased a new stake in Suncor Energy in the 2nd quarter worth approximately $82,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Suncor Energy in the 3rd quarter valued at $104,000. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Stock Down 1.2 %

SU opened at $38.93 on Friday. The company has a market cap of $48.45 billion, a PE ratio of 8.48, a price-to-earnings-growth ratio of 3.29 and a beta of 1.12. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.04 and a current ratio of 1.59. Suncor Energy Inc. has a 1 year low of $31.25 and a 1 year high of $41.94. The firm has a 50 day moving average price of $38.08 and a 200 day moving average price of $38.54.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd were issued a dividend of $0.4089 per share. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $1.64 annualized dividend and a dividend yield of 4.20%. Suncor Energy’s payout ratio is presently 35.08%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Desjardins raised Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Royal Bank of Canada restated an “outperform” rating and issued a $66.00 price target on shares of Suncor Energy in a report on Tuesday, January 7th. Morgan Stanley downgraded shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. Finally, StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.