Fisher Asset Management LLC increased its position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 97.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,734,572 shares of the oil and gas producer's stock after purchasing an additional 1,842,791 shares during the quarter. Fisher Asset Management LLC owned approximately 0.30% of Suncor Energy worth $133,250,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Sanctuary Advisors LLC grew its position in shares of Suncor Energy by 32.3% in the third quarter. Sanctuary Advisors LLC now owns 82,204 shares of the oil and gas producer's stock valued at $3,035,000 after purchasing an additional 20,081 shares during the last quarter. Intech Investment Management LLC lifted its holdings in shares of Suncor Energy by 1,345.8% during the third quarter. Intech Investment Management LLC now owns 468,415 shares of the oil and gas producer's stock worth $17,309,000 after buying an additional 436,016 shares in the last quarter. J.W. Cole Advisors Inc. acquired a new stake in shares of Suncor Energy during the fourth quarter worth $236,000. Aigen Investment Management LP acquired a new position in shares of Suncor Energy in the third quarter valued at about $1,376,000. Finally, Assenagon Asset Management S.A. increased its stake in Suncor Energy by 1,324.8% during the 4th 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 acquiring an additional 3,225,543 shares during the period. 67.37% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the company. Desjardins upgraded Suncor Energy from a "hold" rating to a "buy" rating in a research report on Thursday, November 14th. Bank of America initiated coverage on Suncor Energy in a report on Wednesday, February 26th. They issued a "neutral" rating on the stock. StockNews.com downgraded shares of Suncor Energy from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Tudor, Pickering, Holt & Co. upgraded Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $66.00 price objective on shares of Suncor Energy in a report on Tuesday, January 7th. 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's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $58.00.
Check Out Our Latest Stock Report on Suncor Energy
Suncor Energy Stock Down 3.4 %
SU traded down $1.30 during trading on Monday, reaching $36.98. The stock had a trading volume of 7,629,249 shares, compared to its average volume of 4,463,702. Suncor Energy Inc. has a one year low of $34.12 and a one year high of $41.94. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The stock's 50 day moving average is $38.28 and its two-hundred day moving average is $38.60. The company has a market capitalization of $46.02 billion, a price-to-earnings ratio of 10.70, a P/E/G ratio of 2.94 and a beta of 1.12.
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 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current year.
Suncor Energy Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th will be given 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 4.32%. Suncor Energy's dividend payout ratio is 45.22%.
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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