Erste Asset Management GmbH Sells 12,500 Shares of Suncor Energy Inc. (NYSE:SU)

Erste Asset Management GmbH cut its stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 72.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,800 shares of the oil and gas producer's stock after selling 12,500 shares during the quarter. Erste Asset Management GmbH's holdings in Suncor Energy were worth $169,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SU. Principal Securities Inc. boosted its position in Suncor Energy by 2.2% in the 4th quarter. Principal Securities Inc. now owns 12,423 shares of the oil and gas producer's stock valued at $443,000 after buying an additional 265 shares during the last quarter. UMB Bank n.a. boosted its holdings in Suncor Energy by 27.5% in the fourth quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer's stock valued at $50,000 after acquiring an additional 300 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Suncor Energy by 0.3% in the fourth 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. HHM Wealth Advisors LLC raised its holdings in Suncor Energy by 62.1% during the 4th quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer's stock worth $30,000 after purchasing an additional 325 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its stake in shares of Suncor Energy by 11.9% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 3,142 shares of the oil and gas producer's stock valued at $112,000 after purchasing an additional 333 shares during the last quarter. 67.37% of the stock is owned by institutional investors.

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Suncor Energy Stock Down 0.3 %

Shares of NYSE:SU traded down $0.13 during midday trading on Wednesday, reaching $37.48. The company had a trading volume of 4,414,913 shares, compared to its average volume of 4,195,054. Suncor Energy Inc. has a 1-year low of $33.81 and a 1-year high of $41.95. The stock has a market cap of $46.37 billion, a PE ratio of 10.86, a P/E/G ratio of 2.94 and a beta of 1.11. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. The business's 50 day moving average price is $38.29 and its 200 day moving average price is $38.18.

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 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%. Research analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th will be paid a $0.399 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date is Tuesday, March 4th. Suncor Energy's dividend payout ratio is currently 45.51%.

Analysts Set New Price Targets

SU has been the topic of several analyst reports. Morgan Stanley lowered Suncor Energy from an "overweight" rating to an "equal weight" rating in a research note on Monday, December 16th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $66.00 target price on shares of Suncor Energy in a research note on Tuesday, January 7th. Bank of America started coverage on shares of Suncor Energy in a research report on Wednesday, February 26th. They set a "neutral" rating on the stock. 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, StockNews.com lowered Suncor Energy from a "buy" rating to a "hold" rating in a report on Friday, March 14th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Suncor Energy has an average rating of "Moderate Buy" and an average target price of $58.00.

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.