Natixis Advisors LLC cut its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 7.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,074,374 shares of the oil and gas producer's stock after selling 89,413 shares during the period. Natixis Advisors LLC owned 0.09% of Suncor Energy worth $38,334,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. HHM Wealth Advisors LLC lifted its stake 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 valued at $30,000 after acquiring an additional 325 shares during the period. Golden State Wealth Management LLC acquired a new stake in Suncor Energy during the 4th quarter valued at approximately $39,000. Stonebridge Financial Group LLC acquired a new stake in Suncor Energy during the 4th quarter valued at approximately $45,000. UMB Bank n.a. lifted its stake in Suncor Energy by 27.5% during the 4th 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 period. Finally, Private Trust Co. NA lifted its stake in Suncor Energy by 50.2% during the 4th quarter. Private Trust Co. NA now owns 1,705 shares of the oil and gas producer's stock valued at $61,000 after acquiring an additional 570 shares during the period. 67.37% of the stock is currently owned by institutional investors and hedge funds.
Suncor Energy Price Performance
NYSE SU traded up $0.20 on Thursday, hitting $37.71. The company had a trading volume of 6,502,430 shares, compared to its average volume of 4,208,152. The company has a market capitalization of $46.65 billion, a PE ratio of 10.93, a PEG ratio of 2.94 and a beta of 1.11. The company's fifty day moving average price is $38.27 and its 200-day moving average price is $38.17. 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 12-month low of $33.81 and a 12-month high of $41.95.
Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 predict that Suncor Energy Inc. will post 3.42 earnings per share for the current year.
Suncor Energy Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.399 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date of this dividend is Tuesday, March 4th. Suncor Energy's payout ratio is 45.51%.
Analyst Upgrades and Downgrades
Several analysts have commented on SU shares. StockNews.com cut shares of Suncor Energy from a "buy" rating to a "hold" rating in a research note on Friday, March 14th. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Cibc World Mkts raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. 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 report on Monday, December 16th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $58.00.
View Our Latest Report on Suncor Energy
Suncor Energy Profile
(
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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