State of Tennessee Department of Treasury Sells 72,994 Shares of Suncor Energy Inc. (NYSE:SU)

State of Tennessee Department of Treasury lessened its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 9.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 729,278 shares of the oil and gas producer's stock after selling 72,994 shares during the quarter. State of Tennessee Department of Treasury owned approximately 0.06% of Suncor Energy worth $26,018,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. World Investment Advisors LLC increased its position in Suncor Energy by 5.9% during the third quarter. World Investment Advisors LLC now owns 15,641 shares of the oil and gas producer's stock worth $577,000 after buying an additional 865 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Suncor Energy during the 3rd quarter worth approximately $104,000. Tidal Investments LLC increased its holdings in shares of Suncor Energy by 59.6% during the 3rd quarter. Tidal Investments LLC now owns 21,971 shares of the oil and gas producer's stock worth $811,000 after acquiring an additional 8,207 shares during the last quarter. Synovus Financial Corp raised its stake in Suncor Energy by 11.7% in the 3rd quarter. Synovus Financial Corp now owns 81,371 shares of the oil and gas producer's stock valued at $3,004,000 after acquiring an additional 8,519 shares during the period. Finally, Peapack Gladstone Financial Corp acquired a new stake in Suncor Energy during the 3rd quarter valued at $206,000. Institutional investors and hedge funds own 67.37% of the company's stock.

Wall Street Analyst Weigh In

SU has been the topic of several research analyst reports. Cibc World Mkts raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. StockNews.com cut Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Bank of America started coverage on Suncor Energy in a research note on Wednesday, February 26th. They set a "neutral" rating on the stock. Finally, Scotiabank upgraded Suncor Energy to a "hold" rating in a research note on Wednesday, March 19th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $59.20.

Suncor Energy Price Performance

Shares of NYSE:SU traded down $0.02 during trading on Friday, reaching $35.58. 2,459,519 shares of the company traded hands, compared to its average volume of 4,466,876. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. Suncor Energy Inc. has a 52 week low of $30.79 and a 52 week high of $41.95. The firm has a market capitalization of $44.02 billion, a PE ratio of 10.31, a PEG ratio of 2.94 and a beta of 0.79. The company's 50 day moving average is $36.31 and its two-hundred day moving average is $37.73.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS for the quarter, beating the consensus estimate 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, sell-side analysts predict that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th were given a dividend of $0.399 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.60 annualized dividend and a yield of 4.49%. 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.