Mather Group LLC. Takes $423,000 Position in Suncor Energy Inc. (NYSE:SU)

Mather Group LLC. purchased a new stake in Suncor Energy Inc. (NYSE:SU – Get Rating) (TSE:SU) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,038 shares of the oil and gas producer’s stock, valued at approximately $423,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SU. United Services Automobile Association grew its stake in Suncor Energy by 6.2% during the third quarter. United Services Automobile Association now owns 69,548 shares of the oil and gas producer’s stock worth $1,960,000 after purchasing an additional 4,052 shares during the period. State Street Corp grew its stake in Suncor Energy by 1.0% during the third quarter. State Street Corp now owns 46,382 shares of the oil and gas producer’s stock worth $1,306,000 after purchasing an additional 467 shares during the period. Verdence Capital Advisors LLC grew its stake in Suncor Energy by 2.7% during the third quarter. Verdence Capital Advisors LLC now owns 35,566 shares of the oil and gas producer’s stock worth $1,001,000 after purchasing an additional 949 shares during the period. Colony Group LLC grew its stake in Suncor Energy by 4.2% during the third quarter. Colony Group LLC now owns 779,870 shares of the oil and gas producer’s stock worth $21,953,000 after purchasing an additional 31,161 shares during the period. Finally, Two Sigma Advisers LP grew its stake in Suncor Energy by 19.7% during the third quarter. Two Sigma Advisers LP now owns 1,605,140 shares of the oil and gas producer’s stock worth $45,185,000 after purchasing an additional 263,900 shares during the period. Institutional investors and hedge funds own 58.04% of the company’s stock.

Suncor Energy Stock Down 1.3 %

SU stock opened at $31.51 on Wednesday. Suncor Energy Inc. has a twelve month low of $26.42 and a twelve month high of $42.72. The company has a quick ratio of 0.74, a current ratio of 1.13 and a debt-to-equity ratio of 0.25. The stock’s 50 day moving average is $33.26 and its 200-day moving average is $32.59. The firm has a market capitalization of $41.96 billion, a PE ratio of 6.29, a P/E/G ratio of 0.70 and a beta of 1.27.

Suncor Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Stockholders of record on Friday, March 3rd will be issued a $0.391 dividend. The ex-dividend date of this dividend is Thursday, March 2nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.96%. Suncor Energy’s dividend payout ratio is presently 30.34%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Credit Suisse Group decreased their target price on Suncor Energy from C$63.00 to C$60.00 in a research note on Monday, November 21st. Scotiabank cut their price target on Suncor Energy from C$53.00 to C$50.00 in a report on Tuesday, January 17th. Wells Fargo & Company lowered Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Tuesday, January 10th. Royal Bank of Canada cut their price target on Suncor Energy from C$55.00 to C$54.00 in a report on Wednesday, November 30th. Finally, TD Securities increased their price target on Suncor Energy from C$52.00 to C$53.00 in a report on Wednesday, February 15th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $53.89.

Suncor Energy Company Profile

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Suncor Energy, Inc is an integrated energy company, which develops petroleum resource basins. Its activities include oil sands development, and upgrading, onshore and offshore oil and gas production, petroleum refining, and product marketing. The company operates through the following business segments: Oil Sands; Exploration and Production; and Refining and Marketing.