CIBC Private Wealth Group LLC Has $759,000 Stock Holdings in Suncor Energy Inc. (NYSE:SU)

CIBC Private Wealth Group LLC boosted its holdings in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 250.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,811 shares of the oil and gas producer's stock after buying an additional 14,163 shares during the period. CIBC Private Wealth Group LLC's holdings in Suncor Energy were worth $759,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Suncor Energy by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 53,019,357 shares of the oil and gas producer's stock worth $1,892,526,000 after purchasing an additional 323,714 shares in the last quarter. Artisan Partners Limited Partnership grew its stake in Suncor Energy by 0.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 24,289,019 shares of the oil and gas producer's stock valued at $865,885,000 after buying an additional 169,700 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of Suncor Energy by 1.8% in the third quarter. Toronto Dominion Bank now owns 18,546,207 shares of the oil and gas producer's stock worth $684,726,000 after purchasing an additional 333,440 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in Suncor Energy by 4.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,132,812 shares of the oil and gas producer's stock worth $361,227,000 after buying an additional 437,252 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Suncor Energy by 39.9% during the fourth quarter. Principal Financial Group Inc. now owns 9,706,616 shares of the oil and gas producer's stock worth $346,298,000 after buying an additional 2,767,043 shares during the last quarter. 67.37% of the stock is owned by institutional investors and hedge funds.

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Suncor Energy Price Performance

Shares of SU traded down $0.08 on Monday, hitting $33.13. The company's stock had a trading volume of 8,068,134 shares, compared to its average volume of 4,415,676. The company has a market capitalization of $40.98 billion, a PE ratio of 9.60, a PEG ratio of 2.94 and a beta of 0.79. Suncor Energy Inc. has a fifty-two week low of $31.33 and a fifty-two week high of $41.95. The company has a 50 day moving average price of $37.94 and a 200 day moving average price of $38.21. 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 announced its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS 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, research analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th were given a dividend of $0.399 per share. The ex-dividend date was Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.82%. Suncor Energy's payout ratio is 45.51%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SU shares. Cibc World Mkts raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. Bank of America assumed coverage on Suncor Energy in a research report on Wednesday, February 26th. They issued a "neutral" rating for the company. StockNews.com raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a report on Tuesday, April 1st. Morgan Stanley lowered shares of Suncor Energy from an "overweight" rating to an "equal weight" rating in a research report on Monday, December 16th. Finally, Tudor Pickering raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Suncor Energy has an average rating of "Moderate Buy" and an average target price of $59.20.

About Suncor Energy

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.