Pictet Asset Management Holding SA trimmed its holdings in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 3.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 404,181 shares of the oil and gas producer's stock after selling 14,981 shares during the period. Pictet Asset Management Holding SA's holdings in Suncor Energy were worth $14,420,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Securities Inc. boosted its stake in Suncor Energy by 2.2% during the 4th quarter. Principal Securities Inc. now owns 12,423 shares of the oil and gas producer's stock valued at $443,000 after acquiring an additional 265 shares during the last quarter. X Square Capital LLC lifted its position in shares of Suncor Energy by 0.3% during the fourth quarter. X Square Capital LLC now owns 82,720 shares of the oil and gas producer's stock worth $2,951,000 after purchasing an additional 267 shares during the last quarter. UMB Bank n.a. grew its stake in Suncor Energy by 27.5% in the fourth quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer's stock worth $50,000 after purchasing an additional 300 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Suncor Energy by 0.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 112,925 shares of the oil and gas producer's stock valued at $4,169,000 after buying an additional 321 shares during the last quarter. Finally, HHM Wealth Advisors LLC raised its stake in Suncor Energy by 62.1% during the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer's stock valued at $30,000 after buying an additional 325 shares in the last quarter. 67.37% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the company. Royal Bank of Canada reissued an "outperform" rating and set a $66.00 price target on shares of Suncor Energy in a research report on Tuesday, January 7th. Scotiabank upgraded shares of Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Tudor Pickering raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Morgan Stanley cut shares of Suncor Energy from an "overweight" rating to an "equal weight" rating in a report on Monday, December 16th. Finally, Bank of America started coverage on Suncor Energy in a report on Wednesday, February 26th. They set a "neutral" rating for the company. 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. Based on data from MarketBeat.com, Suncor Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $59.20.
View Our Latest Stock Analysis on SU
Suncor Energy Stock Performance
Shares of SU traded down $3.59 during mid-day trading on Friday, reaching $33.19. 10,312,749 shares of the company's stock traded hands, compared to its average volume of 4,401,070. 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 business's 50-day moving average price is $37.94 and its 200-day moving average price is $38.21. The stock has a market capitalization of $41.06 billion, a P/E ratio of 9.62, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11. Suncor Energy Inc. has a 12 month low of $32.78 and a 12 month high of $41.95.
Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, beating 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%. Equities analysts predict that Suncor Energy Inc. will post 3.42 earnings per share for the current year.
Suncor Energy Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th were issued a $0.399 dividend. This represents a $1.60 annualized dividend and a yield of 4.81%. The ex-dividend date of this dividend was Tuesday, March 4th. Suncor Energy's payout ratio is currently 45.51%.
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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