CANADA LIFE ASSURANCE Co lowered its stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 7.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 229,281 shares of the oil and gas producer's stock after selling 17,524 shares during the quarter. CANADA LIFE ASSURANCE Co's holdings in Suncor Energy were worth $8,156,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. HHM Wealth Advisors LLC increased its position in Suncor Energy by 62.1% in the 4th quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer's stock valued at $30,000 after acquiring an additional 325 shares during the period. Crowley Wealth Management Inc. bought a new stake in shares of Suncor Energy during the fourth quarter valued at about $35,000. Lee Danner & Bass Inc. bought a new stake in shares of Suncor Energy during the fourth quarter valued at about $36,000. Golden State Wealth Management LLC bought a new position in Suncor Energy in the 4th quarter valued at about $39,000. Finally, Covestor Ltd grew its position in Suncor Energy by 30.5% in the 4th quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock valued at $39,000 after buying an additional 256 shares in the last quarter. Institutional investors and hedge funds own 67.37% of the company's stock.
Suncor Energy Stock Performance
NYSE:SU traded down $0.02 during mid-day trading on Friday, hitting $35.58. The stock had a trading volume of 2,459,519 shares, compared to its average volume of 4,471,840. Suncor Energy Inc. has a twelve month low of $30.79 and a twelve month high of $41.95. The stock has a market cap of $44.02 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 2.94 and a beta of 0.79. The company's 50 day simple moving average is $36.23 and its 200 day simple moving average is $37.71. 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 posted its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. On average, equities research analysts forecast that Suncor Energy Inc. will post 3.42 earnings per share for the current year.
Suncor Energy Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th were paid a $0.399 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date of this dividend was Tuesday, March 4th. Suncor Energy's dividend payout ratio (DPR) is 45.51%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the company. Scotiabank upgraded Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Cibc World Mkts raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Royal Bank of Canada restated an "outperform" rating and set a $66.00 price objective on shares of Suncor Energy in a research report on Tuesday, January 7th. Finally, StockNews.com downgraded shares of Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $59.20.
View Our Latest Stock Analysis on Suncor Energy
About Suncor Energy
(
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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