Amundi increased its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 1.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,230,786 shares of the oil and gas producer's stock after purchasing an additional 61,552 shares during the quarter. Amundi owned approximately 0.34% of Suncor Energy worth $162,166,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of SU. Assenagon Asset Management S.A. raised its holdings 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 purchasing an additional 3,225,543 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Suncor Energy by 39.9% in 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 purchasing an additional 2,767,043 shares during the period. Fisher Asset Management LLC raised its holdings in shares of Suncor Energy by 97.4% in the 4th quarter. Fisher Asset Management LLC now owns 3,734,572 shares of the oil and gas producer's stock worth $133,250,000 after purchasing an additional 1,842,791 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Suncor Energy by 23.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,695,560 shares of the oil and gas producer's stock worth $357,827,000 after purchasing an additional 1,829,936 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Suncor Energy by 104.2% in the 4th 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 purchasing an additional 1,573,726 shares during the period. Institutional investors own 67.37% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the stock. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. Morgan Stanley lowered shares of Suncor Energy from an "overweight" rating to an "equal weight" rating in a research note on Monday, December 16th. Bank of America assumed coverage on shares of Suncor Energy in a research note on Wednesday, February 26th. They issued a "neutral" rating for the company. StockNews.com upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a research note on Thursday. Finally, Cibc World Mkts upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Four 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's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $58.00.
Get Our Latest Stock Analysis on SU
Suncor Energy Price Performance
Shares of SU traded down $0.09 during mid-day trading on Monday, reaching $35.66. 4,952,346 shares of the stock traded hands, compared to its average volume of 4,193,041. The firm has a fifty day moving average price of $38.29 and a 200 day moving average price of $38.37. The company has a market cap of $44.11 billion, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. Suncor Energy Inc. has a 1 year low of $33.81 and a 1 year high of $41.95.
Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. As a group, equities research analysts predict that Suncor Energy Inc. will post 3.42 earnings per share for the current year.
Suncor Energy Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th will be given a $0.399 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $1.60 annualized dividend and a yield of 4.48%. Suncor Energy's dividend payout ratio (DPR) is presently 45.51%.
Suncor Energy Profile
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Free Report)
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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