Massachusetts Financial Services Co. MA Grows Stock Holdings in Suncor Energy Inc. (NYSE:SU)

Massachusetts Financial Services Co. MA lifted its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,308,055 shares of the oil and gas producer's stock after purchasing an additional 209,447 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.87% of Suncor Energy worth $831,631,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SU. Cerity Partners LLC raised its holdings in shares of Suncor Energy by 77.9% during the 3rd quarter. Cerity Partners LLC now owns 45,537 shares of the oil and gas producer's stock worth $1,681,000 after acquiring an additional 19,939 shares during the period. Glenmede Trust Co. NA increased its position in Suncor Energy by 15.0% during the third quarter. Glenmede Trust Co. NA now owns 16,979 shares of the oil and gas producer's stock worth $627,000 after purchasing an additional 2,211 shares during the last quarter. Captrust Financial Advisors raised its stake in Suncor Energy by 8.1% during the third quarter. Captrust Financial Advisors now owns 51,164 shares of the oil and gas producer's stock worth $1,889,000 after purchasing an additional 3,830 shares during the period. Erste Asset Management GmbH acquired a new position in Suncor Energy in the 3rd quarter valued at about $638,000. Finally, Janus Henderson Group PLC grew its stake in shares of Suncor Energy by 11.3% in the 3rd quarter. Janus Henderson Group PLC now owns 1,022,237 shares of the oil and gas producer's stock valued at $37,771,000 after buying an additional 103,453 shares during the period. Hedge funds and other institutional investors own 67.37% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Morgan Stanley cut Suncor Energy from an "overweight" rating to an "equal weight" rating in a report on Monday, December 16th. Bank of America initiated coverage on Suncor Energy in a report on Wednesday, February 26th. They set a "neutral" rating for the company. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Tudor Pickering raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Finally, Cibc World Mkts raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $59.20.

Suncor Energy Stock Down 9.8 %

Shares of SU stock traded down $3.59 during trading on Friday, reaching $33.19. The company's stock had a trading volume of 10,312,749 shares, compared to its average volume of 4,401,070. The company has a market capitalization of $41.06 billion, a price-to-earnings ratio of 9.62, a P/E/G ratio of 2.94 and a beta of 1.11. Suncor Energy Inc. has a 1-year low of $32.78 and a 1-year high of $41.95. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. The stock's 50-day moving average price is $37.94 and its 200 day moving average price is $38.20.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.07. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. On average, research analysts anticipate that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th were given a $0.399 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date of this dividend was Tuesday, March 4th. Suncor Energy's dividend payout ratio is currently 45.51%.

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.