Capital Research Global Investors Purchases 9,811 Shares of Suncor Energy Inc. (NYSE:SU)

Capital Research Global Investors grew its position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,875,659 shares of the oil and gas producer's stock after acquiring an additional 9,811 shares during the quarter. Capital Research Global Investors owned 0.39% of Suncor Energy worth $174,037,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp grew its position in shares of Suncor Energy by 86.0% in the 4th quarter. Jones Financial Companies Lllp now owns 67,848 shares of the oil and gas producer's stock valued at $2,421,000 after acquiring an additional 31,366 shares during the period. Sage Investment Counsel LLC bought a new position in shares of Suncor Energy during the 4th quarter worth approximately $300,000. J.W. Cole Advisors Inc. acquired a new position in shares of Suncor Energy during the 4th quarter worth approximately $236,000. Bank of New York Mellon Corp boosted its position in Suncor Energy by 104.2% during the fourth quarter. Bank of New York Mellon Corp now owns 3,083,440 shares of the oil and gas producer's stock worth $110,017,000 after purchasing an additional 1,573,726 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Suncor Energy by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,457,325 shares of the oil and gas producer's stock valued at $159,030,000 after purchasing an additional 99,669 shares during the last quarter. Institutional investors and hedge funds own 67.37% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SU. Cibc World Mkts upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. StockNews.com cut Suncor Energy from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Royal Bank of Canada reissued an "outperform" rating and issued a $66.00 price objective on shares of Suncor Energy in a report on Tuesday, January 7th. Finally, Tudor Pickering upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $59.20.

Suncor Energy Price Performance

Suncor Energy stock traded down $0.02 during mid-day trading on Friday, reaching $35.58. The company had a trading volume of 2,099,105 shares, compared to its average volume of 4,465,736. The business has a fifty day simple moving average of $36.31 and a 200 day simple moving average of $37.73. The company has a market cap of $44.02 billion, a P/E ratio of 10.31, a P/E/G ratio of 2.94 and a beta of 0.79. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. Suncor Energy Inc. has a fifty-two week low of $30.79 and a fifty-two week high of $41.95.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, equities research analysts predict 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 was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th were paid a dividend of $0.399 per share. This represents a $1.60 annualized dividend and a dividend yield of 4.49%. The ex-dividend date of this dividend was Tuesday, March 4th. Suncor Energy's payout ratio is currently 45.51%.

Suncor Energy Company 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.