Artisan Partners Limited Partnership Raises Stock Holdings in Suncor Energy Inc. (NYSE:SU)

Artisan Partners Limited Partnership lifted its position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,530,994 shares of the oil and gas producer's stock after acquiring an additional 182,289 shares during the quarter. Suncor Energy makes up approximately 1.0% of Artisan Partners Limited Partnership's portfolio, making the stock its 26th biggest position. Artisan Partners Limited Partnership owned 1.59% of Suncor Energy worth $657,772,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Johnson Financial Group Inc. acquired a new position in Suncor Energy in the 4th quarter valued at approximately $25,000. Optiver Holding B.V. acquired a new stake in Suncor Energy in the third quarter valued at $29,000. Benjamin F. Edwards & Company Inc. raised its position in Suncor Energy by 43.2% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,038 shares of the oil and gas producer's stock worth $33,000 after purchasing an additional 313 shares during the last quarter. Headinvest LLC acquired a new position in Suncor Energy during the 3rd quarter worth about $40,000. Finally, Bruce G. Allen Investments LLC bought a new stake in shares of Suncor Energy in the 4th quarter valued at about $46,000. Institutional investors own 67.37% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on SU shares. StockNews.com upgraded Suncor Energy from a "hold" rating to a "buy" rating in a research report on Thursday, May 16th. The Goldman Sachs Group raised their price target on shares of Suncor Energy from $38.00 to $45.00 and gave the stock a "buy" rating in a report on Thursday. Morgan Stanley upped their price objective on shares of Suncor Energy from $50.00 to $52.00 and gave the company an "overweight" rating in a research note on Thursday, March 28th. Finally, TD Securities increased their price objective on shares of Suncor Energy from $52.00 to $57.00 and gave the stock a "hold" rating in a research report on Wednesday, May 22nd. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $51.67.

Suncor Energy Stock Up 0.4 %

Shares of Suncor Energy stock traded up $0.18 during trading on Monday, reaching $40.30. 5,251,500 shares of the company traded hands, compared to its average volume of 4,345,643. The firm has a market capitalization of $51.82 billion, a PE ratio of 8.98, a P/E/G ratio of 3.71 and a beta of 1.11. Suncor Energy Inc. has a 1-year low of $27.59 and a 1-year high of $41.50. The company has a 50 day moving average price of $38.54 and a 200-day moving average price of $34.82. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.51 and a quick ratio of 0.97.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its quarterly earnings data on Tuesday, May 7th. The oil and gas producer reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.15. The firm had revenue of $9.29 billion for the quarter, compared to analyst estimates of $8.64 billion. Suncor Energy had a net margin of 15.38% and a return on equity of 15.69%. As a group, equities research analysts expect that Suncor Energy Inc. will post 3.62 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Tuesday, June 4th will be issued a $0.395 dividend. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $1.58 annualized dividend and a yield of 3.92%. Suncor Energy's payout ratio is currently 35.86%.

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.