Fmr LLC Lowers Stake in Suncor Energy Inc. (NYSE:SU)

FMR LLC trimmed its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 11.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,533,495 shares of the oil and gas producer's stock after selling 1,236,713 shares during the quarter. FMR LLC owned approximately 0.77% of Suncor Energy worth $340,300,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sanctuary Advisors LLC boosted its position in Suncor Energy by 32.3% during the third quarter. Sanctuary Advisors LLC now owns 82,204 shares of the oil and gas producer's stock worth $3,035,000 after purchasing an additional 20,081 shares during the period. Jones Financial Companies Lllp boosted its holdings in 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 purchasing an additional 31,366 shares during the period. Sage Investment Counsel LLC bought a new stake in Suncor Energy during the fourth quarter valued at $300,000. J.W. Cole Advisors Inc. purchased a new position in shares of Suncor Energy during the fourth quarter worth about $236,000. Finally, Bank of New York Mellon Corp grew its stake in Suncor Energy by 104.2% in the 4th 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 buying an additional 1,573,726 shares in the last quarter. 67.37% of the stock is owned by institutional investors.

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Suncor Energy Trading Down 0.8 %

NYSE SU traded down $0.27 on Tuesday, hitting $33.21. The company's stock had a trading volume of 2,245,290 shares, compared to its average volume of 4,481,168. 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 52-week low of $30.79 and a 52-week high of $41.95. The firm has a market cap of $41.09 billion, a P/E ratio of 9.63, a PEG ratio of 2.94 and a beta of 0.79. The company's 50-day simple moving average is $37.09 and its 200 day simple moving average is $37.96.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted 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 net margin of 11.80% and a return on equity of 15.37%. Research analysts predict that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors 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 dividend yield of 4.80%. Suncor Energy's dividend payout ratio is presently 45.51%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SU. Morgan Stanley lowered Suncor Energy from an "overweight" rating to an "equal weight" rating in a research report on Monday, December 16th. Scotiabank raised shares of Suncor Energy to a "hold" rating in a report on Wednesday, March 19th. Tudor Pickering upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Tudor, Pickering, Holt & Co. raised Suncor Energy from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $66.00 price target on shares of Suncor Energy in a research report on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $59.20.

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.