Beutel Goodman & Co Ltd. decreased its holdings in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 9.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,803,703 shares of the oil and gas producer's stock after selling 940,153 shares during the period. Suncor Energy comprises about 1.7% of Beutel Goodman & Co Ltd.'s investment portfolio, making the stock its 27th biggest holding. Beutel Goodman & Co Ltd. owned 0.71% of Suncor Energy worth $314,085,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Securities Inc. grew its holdings in shares of Suncor Energy by 2.2% in the fourth quarter. Principal Securities Inc. now owns 12,423 shares of the oil and gas producer's stock worth $443,000 after acquiring an additional 265 shares during the period. X Square Capital LLC grew its stake in shares of Suncor Energy by 0.3% during the 4th quarter. X Square Capital LLC now owns 82,720 shares of the oil and gas producer's stock valued at $2,951,000 after purchasing an additional 267 shares during the period. UMB Bank n.a. increased its position in shares of 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. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Suncor Energy by 0.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 112,925 shares of the oil and gas producer's stock worth $4,169,000 after purchasing an additional 321 shares during the period. Finally, HHM Wealth Advisors LLC boosted its holdings in shares of Suncor Energy by 62.1% in the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer's stock worth $30,000 after buying an additional 325 shares during the last quarter. 67.37% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on SU shares. StockNews.com upgraded Suncor Energy from a "hold" rating to a "buy" rating in a research report on Tuesday. Cibc World Mkts raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Tudor Pickering upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Finally, Bank of America started coverage on shares of Suncor Energy in a report on Wednesday, February 26th. They issued a "neutral" rating for the company. Four research 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's stock. According to data from MarketBeat.com, Suncor Energy has an average rating of "Moderate Buy" and a consensus target price of $59.20.
Check Out Our Latest Stock Report on Suncor Energy
Suncor Energy Price Performance
SU stock traded up $0.31 during trading on Tuesday, hitting $39.03. 2,128,291 shares of the company's stock traded hands, compared to its average volume of 4,391,703. Suncor Energy Inc. has a 52 week low of $33.81 and a 52 week high of $41.95. The stock has a market capitalization of $48.28 billion, a price-to-earnings ratio of 11.31, a P/E/G ratio of 2.94 and a beta of 1.11. The business has a fifty day simple moving average of $38.12 and a 200 day simple moving average of $38.21. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33.
Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.
Suncor Energy Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th were paid a $0.399 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend was Tuesday, March 4th. Suncor Energy's dividend payout ratio is currently 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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