Check Capital Management Inc. CA Has $60.72 Million Holdings in Suncor Energy Inc. (NYSE:SU)

Check Capital Management Inc. CA decreased its position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,701,665 shares of the oil and gas producer's stock after selling 8,889 shares during the period. Suncor Energy accounts for 1.8% of Check Capital Management Inc. CA's investment portfolio, making the stock its 7th biggest holding. Check Capital Management Inc. CA owned approximately 0.14% of Suncor Energy worth $60,715,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. CWM LLC boosted its position in shares of Suncor Energy by 20.2% in the third quarter. CWM LLC now owns 5,312 shares of the oil and gas producer's stock valued at $196,000 after acquiring an additional 894 shares during the period. Creative Planning increased its position in shares of Suncor Energy by 4.5% during the third quarter. Creative Planning now owns 261,240 shares of the oil and gas producer's stock valued at $9,645,000 after purchasing an additional 11,205 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Suncor Energy by 2.5% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 37,609 shares of the oil and gas producer's stock worth $1,389,000 after purchasing an additional 917 shares in the last quarter. Stonegate Investment Group LLC bought a new position in Suncor Energy during the 3rd quarter valued at about $216,000. Finally, Net Worth Advisory Group bought a new stake in Suncor Energy during the 3rd quarter worth about $286,000. 67.37% of the stock is currently owned by institutional investors.

Suncor Energy Stock Performance

NYSE SU traded up $0.01 during trading on Wednesday, hitting $39.85. 2,298,289 shares of the company's stock traded hands, compared to its average volume of 4,607,994. The business has a 50 day moving average of $37.80 and a 200-day moving average of $38.62. The stock has a market capitalization of $49.59 billion, a price-to-earnings ratio of 11.55, a PEG ratio of 2.89 and a beta of 1.12. Suncor Energy Inc. has a 12-month low of $32.62 and a 12-month high of $41.94. 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 earnings results 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%. As a group, equities research analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.399 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.01%. Suncor Energy's dividend payout ratio is currently 46.67%.

Analysts Set New Price Targets

SU has been the subject of a number of recent analyst reports. 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 upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $66.00 target price on shares of Suncor Energy in a report on Tuesday, January 7th. StockNews.com raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a report on Tuesday, January 14th. Finally, Morgan Stanley cut shares of Suncor Energy from an "overweight" rating to an "equal weight" rating in a research report on Monday, December 16th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $58.00.

Suncor Energy 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.