LPL Financial LLC reduced its position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 14.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 236,801 shares of the oil and gas producer's stock after selling 39,343 shares during the quarter. LPL Financial LLC's holdings in Suncor Energy were worth $8,449,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the business. Sanctuary Advisors LLC raised its position in Suncor Energy by 32.3% in the 3rd 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. Jones Financial Companies Lllp raised its holdings in shares of Suncor Energy by 86.0% in the fourth quarter. Jones Financial Companies Lllp now owns 67,848 shares of the oil and gas producer's stock valued at $2,421,000 after buying an additional 31,366 shares during the last quarter. Sage Investment Counsel LLC acquired a new stake in shares of Suncor Energy during the fourth quarter worth about $300,000. J.W. Cole Advisors Inc. acquired a new stake in shares of Suncor Energy during the fourth quarter worth about $236,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Suncor Energy by 104.2% during the fourth quarter. Bank of New York Mellon Corp now owns 3,083,440 shares of the oil and gas producer's stock worth $110,017,000 after buying an additional 1,573,726 shares during the last quarter. 67.37% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several analysts have commented on SU shares. Bank of America initiated coverage on Suncor Energy in a research note on Wednesday, February 26th. They set a "neutral" rating for the company. Cibc World Mkts upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Scotiabank upgraded shares of Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Tudor Pickering raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Finally, Morgan Stanley lowered shares of Suncor Energy from an "overweight" rating to an "equal weight" rating in a research note on Monday, December 16th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $59.20.
View Our Latest Analysis on Suncor Energy
Suncor Energy Price Performance
NYSE SU traded down $2.05 during trading hours on Thursday, reaching $32.16. The company's stock had a trading volume of 6,260,056 shares, compared to its average volume of 4,489,902. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33. The company's 50-day moving average is $37.29 and its two-hundred day moving average is $38.00. Suncor Energy Inc. has a fifty-two week low of $30.79 and a fifty-two week high of $41.95. The stock has a market cap of $39.79 billion, a PE ratio of 9.32, a PEG ratio of 2.94 and a beta of 0.79.
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, 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%. Analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current year.
Suncor Energy Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th were given a $0.399 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.60 annualized dividend and a dividend yield of 4.96%. Suncor Energy's dividend payout ratio is currently 45.51%.
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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