Cidel Asset Management Inc. Has $475,000 Holdings in Suncor Energy Inc. (NYSE:SU)

Cidel Asset Management Inc. lowered its position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 93.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 13,314 shares of the oil and gas producer's stock after selling 183,602 shares during the period. Cidel Asset Management Inc.'s holdings in Suncor Energy were worth $475,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Assenagon Asset Management S.A. lifted its holdings in shares of Suncor Energy by 1,324.8% in the fourth 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. Connor Clark & Lunn Investment Management Ltd. grew its position in Suncor Energy by 23.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,695,560 shares of the oil and gas producer's stock valued at $357,827,000 after acquiring an additional 1,829,936 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Suncor Energy by 23.0% in the third quarter. Principal Financial Group Inc. now owns 6,939,573 shares of the oil and gas producer's stock worth $256,429,000 after purchasing an additional 1,296,142 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Suncor Energy by 136.2% in the third quarter. Fisher Asset Management LLC now owns 1,891,781 shares of the oil and gas producer's stock worth $69,845,000 after purchasing an additional 1,090,988 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Suncor Energy in the third quarter worth approximately $23,286,000. Institutional investors and hedge funds own 67.37% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Royal Bank of Canada reissued an "outperform" rating and set a $66.00 price objective on shares of Suncor Energy in a research report on Tuesday, January 7th. Morgan Stanley downgraded Suncor Energy from an "overweight" rating to an "equal weight" rating in a research note on Monday, December 16th. StockNews.com upgraded Suncor Energy from a "hold" rating to a "buy" rating in a research note on Tuesday, January 14th. Tudor, Pickering, Holt & Co. raised Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday. Finally, Desjardins raised Suncor Energy from a "hold" rating to a "buy" rating in a report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $58.00.

Suncor Energy Stock Performance

SU traded down $1.01 during trading on Wednesday, hitting $39.62. 3,509,334 shares of the stock were exchanged, compared to its average volume of 4,702,178. The firm has a market capitalization of $49.31 billion, a P/E ratio of 11.48, a PEG ratio of 2.96 and a beta of 1.12. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.24. The stock has a fifty day moving average price of $37.67 and a two-hundred day moving average price of $38.57. Suncor Energy Inc. has a 1-year low of $31.25 and a 1-year high of $41.94.

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 the consensus estimate of $0.82 by $0.07. Suncor Energy had a return on equity of 15.33% and a net margin of 11.80%. As a group, sell-side analysts predict that Suncor Energy Inc. will post 3.25 earnings per share for the current year.

Suncor Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th will be issued a $0.399 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.03%. The ex-dividend date is Tuesday, March 4th. Suncor Energy's dividend payout ratio (DPR) is 46.67%.

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.