Scheer Rowlett & Associates Investment Management Ltd. cut its holdings in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 5.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,754,555 shares of the oil and gas producer's stock after selling 96,226 shares during the period. Suncor Energy accounts for 4.6% of Scheer Rowlett & Associates Investment Management Ltd.'s portfolio, making the stock its 7th largest holding. Scheer Rowlett & Associates Investment Management Ltd. owned 0.14% of Suncor Energy worth $62,549,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Janney Montgomery Scott LLC lifted its holdings in Suncor Energy by 8.9% during the third 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. Principal Financial Group Inc. lifted its stake in shares of Suncor Energy by 23.0% during the 3rd quarter. Principal Financial Group Inc. now owns 6,939,573 shares of the oil and gas producer's stock valued at $256,429,000 after buying an additional 1,296,142 shares in the last quarter. Easterly Investment Partners LLC boosted its holdings in Suncor Energy by 3.2% in the 3rd quarter. Easterly Investment Partners LLC now owns 254,114 shares of the oil and gas producer's stock worth $9,382,000 after buying an additional 7,835 shares during the period. Fiera Capital Corp increased its stake in Suncor Energy by 11.6% in the 3rd quarter. Fiera Capital Corp now owns 1,550,252 shares of the oil and gas producer's stock worth $57,295,000 after buying an additional 161,306 shares in the last quarter. Finally, CWA Asset Management Group LLC bought a new stake in Suncor Energy during the third quarter valued at about $664,000. Hedge funds and other institutional investors own 67.37% of the company's stock.
Suncor Energy Price Performance
Shares of Suncor Energy stock traded up $0.33 during trading hours on Wednesday, reaching $35.71. The company's stock had a trading volume of 6,021,180 shares, compared to its average volume of 4,200,728. The firm has a 50 day moving average price of $38.29 and a 200-day moving average price of $38.33. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. The stock has a market cap of $44.18 billion, a P/E ratio of 10.35, a P/E/G ratio of 2.94 and a beta of 1.11. Suncor Energy Inc. has a one year low of $33.81 and a one year high of $41.95.
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 for the quarter, topping 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, analysts predict that Suncor Energy Inc. will post 3.42 EPS for the current year.
Suncor Energy Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th will be given a $0.399 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a yield of 4.47%. Suncor Energy's dividend payout ratio is presently 45.51%.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the company. Tudor, Pickering, Holt & Co. raised Suncor Energy from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. StockNews.com upgraded Suncor Energy from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Bank of America initiated coverage on shares of Suncor Energy in a research report on Wednesday, February 26th. They set a "neutral" rating on the stock. Tudor Pickering upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $66.00 target price on shares of Suncor Energy in a research note on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $58.00.
Read Our Latest Analysis on SU
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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