AGF Management Ltd. Sells 74,843 Shares of Suncor Energy Inc. (NYSE:SU)

AGF Management Ltd. decreased its holdings in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,551,206 shares of the oil and gas producer's stock after selling 74,843 shares during the period. AGF Management Ltd. owned 0.29% of Suncor Energy worth $126,707,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. HHM Wealth Advisors LLC lifted its position 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 purchasing an additional 325 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Suncor Energy in the 4th quarter worth about $39,000. Stonebridge Financial Group LLC purchased a new stake in shares of Suncor Energy in the 4th quarter worth about $45,000. UMB Bank n.a. grew its position in Suncor Energy by 27.5% during the 4th 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 during the last quarter. Finally, Private Trust Co. NA grew its position in Suncor Energy by 50.2% during the 4th quarter. Private Trust Co. NA now owns 1,705 shares of the oil and gas producer's stock valued at $61,000 after purchasing an additional 570 shares during the last quarter. Hedge funds and other institutional investors own 67.37% of the company's stock.

Suncor Energy Price Performance

Shares of NYSE:SU opened at $35.66 on Tuesday. Suncor Energy Inc. has a twelve month low of $33.81 and a twelve month high of $41.95. The company's 50 day moving average is $38.29 and its 200 day moving average is $38.37. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The company has a market cap of $44.11 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11.

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Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS 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%. On average, sell-side analysts forecast 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. Investors of record on Tuesday, March 4th will be given a dividend of $0.399 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date of this dividend is Tuesday, March 4th. Suncor Energy's payout ratio is 45.51%.

Analyst Ratings Changes

Several research firms have issued reports on SU. Royal Bank of Canada restated an "outperform" rating and set a $66.00 target price on shares of Suncor Energy in a research note on Tuesday, January 7th. Bank of America started coverage on shares of Suncor Energy in a report on Wednesday, February 26th. They set a "neutral" rating on the stock. Tudor Pickering upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Morgan Stanley cut shares of Suncor Energy from an "overweight" rating to an "equal weight" rating in a research report on Monday, December 16th. 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. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $58.00.

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.

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