AustralianSuper Pty Ltd Reduces Stock Position in Suncor Energy Inc. (NYSE:SU)

AustralianSuper Pty Ltd lowered its holdings in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 4.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 191,073 shares of the oil and gas producer's stock after selling 9,546 shares during the period. AustralianSuper Pty Ltd's holdings in Suncor Energy were worth $6,812,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Eastern Bank bought a new position in Suncor Energy during the third quarter worth $25,000. HHM Wealth Advisors LLC raised its stake in Suncor Energy by 62.1% during the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer's stock worth $30,000 after buying an additional 325 shares during the last quarter. Golden State Wealth Management LLC bought a new position in Suncor Energy during the fourth quarter worth $39,000. Stonebridge Financial Group LLC acquired a new stake in Suncor Energy in the fourth quarter worth $45,000. Finally, Waldron Private Wealth LLC acquired a new stake in Suncor Energy in the third quarter worth $49,000. Institutional investors own 67.37% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on SU. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Cibc World Mkts upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Royal Bank of Canada restated an "outperform" rating and issued a $66.00 price target on shares of Suncor Energy in a report on Tuesday, January 7th. Tudor Pickering upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Finally, Morgan Stanley cut shares of Suncor Energy from an "overweight" rating to an "equal weight" rating in a report on Monday, December 16th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Suncor Energy has an average rating of "Moderate Buy" and a consensus target price of $58.00.

Suncor Energy Stock Performance

SU traded up $0.01 during midday trading on Wednesday, reaching $39.85. The company had a trading volume of 2,289,870 shares, compared to its average volume of 4,607,147. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33. The stock has a market cap of $49.59 billion, a PE ratio of 11.55, a P/E/G ratio of 2.89 and a beta of 1.12. Suncor Energy Inc. has a 12-month low of $32.62 and a 12-month high of $41.94. The business has a 50-day moving average price of $37.80 and a two-hundred day moving average price of $38.62.

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 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. On average, sell-side analysts expect 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 will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th will be paid a $0.399 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date is Tuesday, March 4th. Suncor Energy's payout ratio is 46.67%.

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.