Mckinley Capital Management LLC Delaware Takes $1.51 Million Position in Suncor Energy Inc. (SU)

Mckinley Capital Management LLC Delaware purchased a new stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the 4th quarter, HoldingsChannel reports. The fund purchased 41,146 shares of the oil and gas producer’s stock, valued at approximately $1,510,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SeaCrest Wealth Management LLC acquired a new position in Suncor Energy during the fourth quarter valued at approximately $100,000. Cerebellum GP LLC acquired a new position in Suncor Energy during the fourth quarter valued at approximately $134,000. UBS Asset Management Americas Inc. boosted its position in Suncor Energy by 13.7% during the second quarter. UBS Asset Management Americas Inc. now owns 4,658 shares of the oil and gas producer’s stock valued at $136,000 after purchasing an additional 562 shares during the last quarter. Forward Management LLC acquired a new position in Suncor Energy during the third quarter valued at approximately $154,000. Finally, Advisory Services Network LLC boosted its position in Suncor Energy by 3.9% during the second quarter. Advisory Services Network LLC now owns 6,470 shares of the oil and gas producer’s stock valued at $189,000 after purchasing an additional 245 shares during the last quarter. 65.69% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently commented on SU shares. Canaccord Genuity reissued a “buy” rating and set a $51.00 price target on shares of Suncor Energy in a research report on Thursday, October 26th. TD Securities cut Suncor Energy from a “buy” rating to a “hold” rating and set a $50.00 price target for the company. in a research report on Thursday, November 16th. Zacks Investment Research cut Suncor Energy from a “buy” rating to a “hold” rating in a research report on Monday, November 20th. Edward Jones raised Suncor Energy from a “hold” rating to a “buy” rating in a research report on Monday, November 20th. Finally, AltaCorp Capital reissued a “hold” rating and set a $51.00 price target on shares of Suncor Energy in a research report on Monday, January 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Suncor Energy currently has an average rating of “Buy” and a consensus price target of $46.67.

Shares of Suncor Energy Inc. (SU) opened at $33.99 on Thursday. Suncor Energy Inc. has a 52-week low of $27.96 and a 52-week high of $38.39. The stock has a market capitalization of $54,963.65, a P/E ratio of 22.48, a PEG ratio of 2.17 and a beta of 0.80. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.00 and a quick ratio of 0.64.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Monday, March 5th will be given a $0.286 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.37%. This is a boost from Suncor Energy’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, March 2nd. Suncor Energy’s dividend payout ratio (DPR) is presently 48.56%.

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Suncor Energy Profile

Suncor Energy Inc is a Canada-based integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.

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Institutional Ownership by Quarter for Suncor Energy (NYSE:SU)

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