Bridgewater Associates LP Sells 248,923 Shares of Suncor Energy Inc. (NYSE:SU)

Bridgewater Associates LP lessened its holdings in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 25.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 734,710 shares of the oil and gas producer's stock after selling 248,923 shares during the period. Bridgewater Associates LP owned 0.06% of Suncor Energy worth $26,212,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. HHM Wealth Advisors LLC grew its stake in Suncor Energy by 62.1% in the 4th quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer's stock valued at $30,000 after buying an additional 325 shares during the last quarter. Crowley Wealth Management Inc. bought a new position in shares of Suncor Energy in the fourth quarter worth about $35,000. Lee Danner & Bass Inc. bought a new position in shares of Suncor Energy in the fourth quarter worth about $36,000. Golden State Wealth Management LLC bought a new stake in Suncor Energy during the 4th quarter valued at approximately $39,000. Finally, Covestor Ltd grew its holdings in Suncor Energy by 30.5% in the 4th quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock valued at $39,000 after buying an additional 256 shares during the last quarter. 67.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on SU shares. StockNews.com lowered Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $66.00 target price on shares of Suncor Energy in a research report on Tuesday, January 7th. Scotiabank upgraded Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Bank of America began coverage on shares of Suncor Energy in a report on Wednesday, February 26th. They set a "neutral" rating for the company. Finally, Tudor, Pickering, Holt & Co. raised Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Suncor Energy has a consensus rating of "Moderate Buy" and an average target price of $59.20.

Suncor Energy Trading Up 2.0 %

SU traded up $0.67 during midday trading on Friday, reaching $34.48. 3,015,187 shares of the company were exchanged, compared to its average volume of 4,475,090. 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 capitalization of $42.66 billion, a P/E ratio of 10.00, a PEG ratio of 2.94 and a beta of 0.79. The stock's 50-day simple moving average is $36.67 and its 200 day simple moving average is $37.86. Suncor Energy Inc. has a one year low of $30.79 and a one year 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 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, analysts forecast that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th were given a $0.399 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $1.60 annualized dividend and a yield of 4.63%. Suncor Energy's dividend 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.