River Road Asset Management LLC decreased its position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 10.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 666,124 shares of the oil and gas producer's stock after selling 77,297 shares during the period. River Road Asset Management LLC owned about 0.05% of Suncor Energy worth $23,767,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in SU. Janney Montgomery Scott LLC raised its stake in shares of Suncor Energy by 8.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 64,084 shares of the oil and gas producer's stock valued at $2,366,000 after purchasing an additional 5,247 shares in the last quarter. CWA Asset Management Group LLC bought a new stake in shares of Suncor Energy in the 3rd quarter worth approximately $664,000. Verdence Capital Advisors LLC lifted its stake in Suncor Energy by 13.1% in the third quarter. Verdence Capital Advisors LLC now owns 24,194 shares of the oil and gas producer's stock valued at $893,000 after buying an additional 2,798 shares during the last quarter. Meritage Portfolio Management acquired a new position in Suncor Energy during the 3rd quarter valued at about $3,683,000. Finally, Versor Investments LP grew its holdings in Suncor Energy by 55.1% in the 3rd quarter. Versor Investments LP now owns 35,200 shares of the oil and gas producer's stock worth $1,299,000 after buying an additional 12,500 shares in the last quarter. Institutional investors and hedge funds own 67.37% of the company's stock.
Suncor Energy Price Performance
Shares of Suncor Energy stock traded up $0.56 during midday trading on Wednesday, hitting $35.94. 2,247,606 shares of the company were exchanged, compared to its average volume of 4,186,290. The firm has a 50 day simple moving average of $38.29 and a 200-day simple moving average of $38.33. Suncor Energy Inc. has a 52 week low of $33.81 and a 52 week high of $41.95. The firm has a market cap of $44.47 billion, a P/E ratio of 10.42, a PEG ratio of 2.94 and a beta of 1.11. 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 (NYSE:SU - Get Free Report) TSE: SU last issued 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%. Research analysts forecast that Suncor Energy Inc. will post 3.42 earnings per share for the current year.
Suncor Energy Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th will be paid a dividend of $0.399 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date of this dividend is Tuesday, March 4th. Suncor Energy's dividend payout ratio (DPR) is 45.51%.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on SU shares. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. StockNews.com raised Suncor Energy from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Desjardins raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. Bank of America started coverage on shares of Suncor Energy in a research report on Wednesday, February 26th. They set a "neutral" rating on the stock. Finally, Morgan Stanley cut Suncor Energy from an "overweight" rating to an "equal weight" rating in a research report on Monday, December 16th. Four 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 company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $58.00.
Check Out Our Latest Research Report on SU
Suncor Energy Company Profile
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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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