Price T Rowe Associates Inc. MD Sells 1,119,274 Shares of Suncor Energy Inc. (NYSE:SU)

Price T Rowe Associates Inc. MD trimmed its holdings in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,108,513 shares of the oil and gas producer's stock after selling 1,119,274 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 2.34% of Suncor Energy worth $1,038,593,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Yaupon Capital Management LP increased its stake in shares of Suncor Energy by 61.8% in the fourth quarter. Yaupon Capital Management LP now owns 1,260,961 shares of the oil and gas producer's stock worth $44,991,000 after purchasing an additional 481,681 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in Suncor Energy by 11.5% in the 4th quarter. Hsbc Holdings PLC now owns 921,826 shares of the oil and gas producer's stock worth $32,881,000 after buying an additional 95,328 shares during the period. Stifel Financial Corp increased its stake in Suncor Energy by 0.3% in the 4th quarter. Stifel Financial Corp now owns 95,508 shares of the oil and gas producer's stock worth $3,408,000 after buying an additional 265 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Suncor Energy by 1,102.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,404 shares of the oil and gas producer's stock valued at $86,000 after acquiring an additional 2,204 shares during the period. Finally, Mirabella Financial Services LLP purchased a new position in shares of Suncor Energy in the fourth quarter valued at about $1,252,000. 67.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SU. Bank of America initiated coverage on Suncor Energy in a research note on Wednesday, February 26th. They set a "neutral" rating on the stock. Scotiabank raised shares of Suncor Energy to a "hold" rating in a report on Wednesday, March 19th. Cibc World Mkts raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Tudor Pickering upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $66.00 price objective on shares of Suncor Energy in a report on Tuesday, January 7th. 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 company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $59.20.

Suncor Energy Trading Up 0.1 %

Shares of NYSE:SU traded up $0.03 during trading on Tuesday, reaching $35.74. The company's stock had a trading volume of 701,692 shares, compared to its average volume of 4,458,051. The stock has a market capitalization of $44.07 billion, a PE ratio of 10.35, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79. Suncor Energy Inc. has a 12 month low of $30.79 and a 12 month high of $41.95. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The firm's 50 day simple moving average is $36.14 and its two-hundred day simple moving average is $37.64.

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

Suncor Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th were paid a $0.399 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.46%. The ex-dividend date of this dividend was Tuesday, March 4th. Suncor Energy's dividend payout ratio is currently 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.