Maryland State Retirement & Pension System Has $8.52 Million Holdings in Suncor Energy Inc. (NYSE:SU)

Maryland State Retirement & Pension System raised its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 4.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 238,885 shares of the oil and gas producer’s stock after purchasing an additional 10,157 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Suncor Energy were worth $8,523,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. HHM Wealth Advisors LLC increased its stake in Suncor Energy by 62.1% during the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer’s stock valued at $30,000 after acquiring an additional 325 shares during the period. Golden State Wealth Management LLC acquired a new stake in shares of Suncor Energy during the 4th quarter worth approximately $39,000. Stonebridge Financial Group LLC bought a new stake in shares of Suncor Energy during the fourth quarter valued at approximately $45,000. UMB Bank n.a. raised its stake in shares of Suncor Energy by 27.5% in the fourth quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer’s stock valued at $50,000 after purchasing an additional 300 shares in the last quarter. Finally, Private Trust Co. NA lifted its position in Suncor Energy by 50.2% in the fourth quarter. Private Trust Co. NA now owns 1,705 shares of the oil and gas producer’s stock worth $61,000 after purchasing an additional 570 shares during the period. Institutional investors and hedge funds own 67.37% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on SU. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Cibc World Mkts raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. StockNews.com cut Suncor Energy from a “buy” rating to a “hold” rating in a research report on Friday, March 14th. Bank of America began coverage on shares of Suncor Energy in a research report on Wednesday, February 26th. They set a “neutral” rating for the company. Finally, Morgan Stanley lowered shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $58.00.

Suncor Energy Trading Down 0.1 %

SU stock opened at $37.61 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. Suncor Energy Inc. has a twelve month low of $33.81 and a twelve month high of $41.95. The company has a market cap of $46.52 billion, a P/E ratio of 10.90, a PEG ratio of 2.94 and a beta of 1.11. The business has a fifty day moving average of $38.29 and a 200-day moving average of $38.18.

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

Suncor Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th will be paid a $0.399 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a yield of 4.24%. Suncor Energy’s payout ratio is presently 45.51%.

Suncor Energy Company 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.