O Shaughnessy Asset Management LLC cut its holdings in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 5.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 493,254 shares of the oil and gas producer's stock after selling 27,951 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Suncor Energy were worth $17,593,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. HHM Wealth Advisors LLC lifted its holdings in shares of Suncor Energy by 62.1% in the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer's stock worth $30,000 after acquiring an additional 325 shares during the last quarter. Crowley Wealth Management Inc. bought a new position in Suncor Energy in the 4th quarter valued at approximately $35,000. Lee Danner & Bass Inc. bought a new position in Suncor Energy in the 4th quarter valued at approximately $36,000. Golden State Wealth Management LLC acquired a new stake in Suncor Energy in the fourth quarter valued at approximately $39,000. Finally, Stonebridge Financial Group LLC bought a new stake in shares of Suncor Energy during the fourth quarter worth $45,000. 67.37% of the stock is owned by institutional investors and hedge funds.
Suncor Energy Trading Up 0.8 %
Shares of NYSE:SU traded up $0.31 during trading on Tuesday, reaching $39.03. The stock had a trading volume of 2,221,802 shares, compared to its average volume of 4,389,344. Suncor Energy Inc. has a 52 week low of $33.81 and a 52 week high of $41.95. 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 firm's fifty day moving average is $38.11 and its 200 day moving average is $38.22. The stock has a market cap 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.
Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS for the quarter, beating 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, equities analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.
Suncor Energy Cuts Dividend
The firm also recently announced 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 currently 45.51%.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on SU shares. Tudor Pickering raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Royal Bank of Canada reissued an "outperform" rating and set a $66.00 price target on shares of Suncor Energy in a research note on Tuesday, January 7th. StockNews.com raised Suncor Energy from a "hold" rating to a "buy" rating in a research note on Tuesday. Bank of America assumed coverage on shares of Suncor Energy in a research report on Wednesday, February 26th. They set a "neutral" rating on the stock. Finally, Cibc World Mkts upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $59.20.
View Our Latest Stock Report on SU
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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