Mitsubishi UFJ Trust & Banking Corp Trims Position in Suncor Energy Inc. (NYSE:SU)

Mitsubishi UFJ Trust & Banking Corp lessened its position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 7.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 174,305 shares of the oil and gas producer's stock after selling 13,944 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Suncor Energy were worth $6,232,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Zions Bancorporation N.A. raised its position in shares of Suncor Energy by 38.3% in the 4th quarter. Zions Bancorporation N.A. now owns 32,862 shares of the oil and gas producer's stock valued at $1,173,000 after purchasing an additional 9,101 shares during the last quarter. Segall Bryant & Hamill LLC increased its stake in Suncor Energy by 10.7% during the 4th quarter. Segall Bryant & Hamill LLC now owns 360,039 shares of the oil and gas producer's stock valued at $12,846,000 after purchasing an additional 34,734 shares in the last quarter. Prudential Financial Inc. lifted its stake in shares of Suncor Energy by 68.8% during the fourth quarter. Prudential Financial Inc. now owns 111,222 shares of the oil and gas producer's stock worth $3,968,000 after buying an additional 45,340 shares during the period. Crowley Wealth Management Inc. purchased a new stake in shares of Suncor Energy during the fourth quarter valued at $35,000. Finally, Vanguard Group Inc. increased its position in shares of Suncor Energy by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 53,019,357 shares of the oil and gas producer's stock valued at $1,892,526,000 after acquiring an additional 323,714 shares during the period. 67.37% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Wall Street Analysts Forecast Growth

SU has been the topic of several research analyst reports. Tudor Pickering upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Cibc World Mkts upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. StockNews.com raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Tuesday. Scotiabank raised shares of Suncor Energy to a "hold" rating in a report on Wednesday, March 19th. Finally, Bank of America started coverage on shares of Suncor Energy in a report on Wednesday, February 26th. They issued a "neutral" rating on the stock. Four equities research 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 stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $59.20.

Suncor Energy Price Performance

NYSE SU traded up $0.31 during trading hours on Tuesday, reaching $39.03. The company's stock had a trading volume of 2,221,802 shares, compared to its average volume of 4,389,344. The firm has a market capitalization of $48.28 billion, a price-to-earnings ratio of 11.31, a P/E/G ratio of 2.94 and a beta of 1.11. The company's 50-day moving average is $38.11 and its two-hundred day moving average is $38.22. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. Suncor Energy Inc. has a 1-year low of $33.81 and a 1-year high of $41.95.

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 (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%. On average, equities analysts predict that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th were paid a dividend of $0.399 per share. The ex-dividend date was Tuesday, March 4th. This represents a $1.60 annualized dividend and a yield of 4.09%. Suncor Energy's dividend payout ratio is presently 45.51%.

Suncor Energy 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.