Panview Capital Ltd Makes New $12.10 Million Investment in Suncor Energy Inc. (NYSE:SU)

Panview Capital Ltd bought a new position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 339,000 shares of the oil and gas producer’s stock, valued at approximately $12,096,000. Suncor Energy comprises about 2.6% of Panview Capital Ltd’s holdings, making the stock its 10th biggest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Oxbow Advisors LLC lifted its holdings in Suncor Energy by 3.4% in the fourth quarter. Oxbow Advisors LLC now owns 98,652 shares of the oil and gas producer’s stock valued at $3,520,000 after buying an additional 3,253 shares during the period. Arcadia Investment Management Corp MI lifted its holdings in Suncor Energy by 2.1% in the fourth quarter. Arcadia Investment Management Corp MI now owns 273,437 shares of the oil and gas producer’s stock valued at $9,756,000 after buying an additional 5,612 shares during the period. Allianz Asset Management GmbH lifted its holdings in Suncor Energy by 15.0% in the fourth quarter. Allianz Asset Management GmbH now owns 3,402,981 shares of the oil and gas producer’s stock valued at $121,406,000 after buying an additional 442,760 shares during the period. First Bank & Trust lifted its holdings in Suncor Energy by 20.3% in the fourth quarter. First Bank & Trust now owns 11,067 shares of the oil and gas producer’s stock valued at $395,000 after buying an additional 1,868 shares during the period. Finally, Bryn Mawr Capital Management LLC lifted its holdings in Suncor Energy by 1,334.6% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 92,543 shares of the oil and gas producer’s stock valued at $3,302,000 after buying an additional 86,092 shares during the period. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Trading Down 1.8 %

NYSE:SU opened at $39.46 on Friday. Suncor Energy Inc. has a one year low of $33.26 and a one year high of $41.94. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. The company’s 50-day simple moving average is $37.95 and its 200 day simple moving average is $38.67. The firm has a market capitalization of $49.11 billion, a P/E ratio of 11.44, a PEG ratio of 2.94 and a beta of 1.12.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. As a group, analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.399 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.60 annualized dividend and a dividend yield of 4.04%. Suncor Energy’s payout ratio is 46.67%.

Analyst Ratings Changes

SU has been the topic of several recent analyst reports. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Tudor Pickering raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Morgan Stanley downgraded shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. Desjardins raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Finally, Cibc World Mkts raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 11th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Suncor Energy presently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Suncor Energy Profile

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.