Mayflower Financial Advisors LLC Acquires Shares of 9,106 Suncor Energy Inc. $SU

Mayflower Financial Advisors LLC acquired a new stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 9,106 shares of the oil and gas producer’s stock, valued at approximately $404,000.

Several other large investors have also made changes to their positions in SU. Richardson Financial Services Inc. boosted its position in Suncor Energy by 64.1% during the third quarter. Richardson Financial Services Inc. now owns 704 shares of the oil and gas producer’s stock worth $29,000 after acquiring an additional 275 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Suncor Energy during the 2nd quarter valued at about $31,000. Hanson & Doremus Investment Management raised its holdings in Suncor Energy by 143.5% in the 3rd quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer’s stock valued at $33,000 after acquiring an additional 465 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Suncor Energy by 95.8% in the 3rd quarter. Smartleaf Asset Management LLC now owns 793 shares of the oil and gas producer’s stock valued at $33,000 after acquiring an additional 388 shares during the last quarter. Finally, Corsicana & Co. purchased a new position in Suncor Energy in the 3rd quarter worth approximately $42,000. 67.37% of the stock is owned by institutional investors and hedge funds.

Suncor Energy Stock Performance

NYSE SU opened at $66.65 on Friday. The stock has a fifty day simple moving average of $56.56 and a 200-day simple moving average of $47.61. The company has a current ratio of 1.39, a quick ratio of 0.89 and a debt-to-equity ratio of 0.20. The stock has a market cap of $79.30 billion, a PE ratio of 19.21 and a beta of 0.43. Suncor Energy Inc. has a twelve month low of $30.79 and a twelve month high of $66.68.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings data on Tuesday, February 3rd. The oil and gas producer reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.02. Suncor Energy had a net margin of 11.99% and a return on equity of 12.51%. The firm had revenue of $8.77 billion for the quarter, compared to analyst estimates of $8.79 billion. During the same period in the previous year, the firm earned $1.25 EPS. Equities analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Wednesday, March 4th. Suncor Energy’s payout ratio is 50.72%.

Analysts Set New Price Targets

A number of research firms have weighed in on SU. Weiss Ratings reissued a “buy (b)” rating on shares of Suncor Energy in a research note on Monday, December 29th. The Goldman Sachs Group raised their target price on Suncor Energy from $55.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, March 12th. JPMorgan Chase & Co. upgraded Suncor Energy from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $46.15 to $54.00 in a report on Tuesday, January 20th. Royal Bank Of Canada boosted their price target on shares of Suncor Energy from $69.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Finally, Zacks Research lowered shares of Suncor Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $63.67.

Suncor Energy Profile

Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company’s operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.

Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.