Suncor Energy Inc. (NYSE:SU) Stock Holdings Increased by American Century Companies Inc.

American Century Companies Inc. lifted its stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 7.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 778,161 shares of the oil and gas producer's stock after purchasing an additional 55,062 shares during the quarter. American Century Companies Inc. owned about 0.06% of Suncor Energy worth $27,777,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Assenagon Asset Management S.A. boosted its position in shares of Suncor Energy by 1,324.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,469,008 shares of the oil and gas producer's stock worth $123,774,000 after buying an additional 3,225,543 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Suncor Energy by 39.9% during the 4th quarter. Principal Financial Group Inc. now owns 9,706,616 shares of the oil and gas producer's stock worth $346,298,000 after buying an additional 2,767,043 shares during the last quarter. Jupiter Asset Management Ltd. raised its holdings in Suncor Energy by 2,061.8% in the fourth quarter. Jupiter Asset Management Ltd. now owns 2,438,291 shares of the oil and gas producer's stock valued at $86,990,000 after buying an additional 2,325,503 shares during the period. Fisher Asset Management LLC lifted its position in Suncor Energy by 97.4% during the fourth quarter. Fisher Asset Management LLC now owns 3,734,572 shares of the oil and gas producer's stock valued at $133,250,000 after buying an additional 1,842,791 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Suncor Energy by 104.2% during the fourth quarter. Bank of New York Mellon Corp now owns 3,083,440 shares of the oil and gas producer's stock worth $110,017,000 after buying an additional 1,573,726 shares during the period. 67.37% of the stock is owned by institutional investors and hedge funds.

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Suncor Energy Stock Down 0.7 %

Shares of SU stock traded down $0.28 during trading hours on Wednesday, hitting $38.77. 329,971 shares of the company were exchanged, compared to its average volume of 4,373,522. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33. The stock has a market capitalization of $47.96 billion, a price-to-earnings ratio of 11.24, a P/E/G ratio of 2.94 and a beta of 1.11. Suncor Energy Inc. has a one year low of $33.81 and a one year high of $41.95. The business's 50-day simple moving average is $38.11 and its two-hundred day simple moving average is $38.22.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.07. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. Sell-side analysts predict that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th were paid a $0.399 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a yield of 4.12%. Suncor Energy's payout ratio is currently 45.51%.

Analyst Upgrades and Downgrades

SU has been the subject of a number of research reports. Morgan Stanley cut shares of Suncor Energy from an "overweight" rating to an "equal weight" rating in a research report on Monday, December 16th. Tudor, Pickering, Holt & Co. raised Suncor Energy from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Cibc World Mkts raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. StockNews.com upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a research note on Tuesday. Finally, Bank of America began coverage on shares of Suncor Energy in a report on Wednesday, February 26th. They issued a "neutral" rating on the stock. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $59.20.

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.