Legal & General Group Plc reduced its position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 37.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,793,321 shares of the oil and gas producer's stock after selling 2,869,880 shares during the period. Legal & General Group Plc owned 0.39% of Suncor Energy worth $171,009,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of SU. Quantinno Capital Management LP lifted its position in Suncor Energy by 47.0% in the third quarter. Quantinno Capital Management LP now owns 37,193 shares of the oil and gas producer's stock worth $1,373,000 after buying an additional 11,887 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of Suncor Energy by 0.9% in the 3rd quarter. Stifel Financial Corp now owns 95,243 shares of the oil and gas producer's stock worth $3,516,000 after acquiring an additional 894 shares during the last quarter. Orion Portfolio Solutions LLC boosted its stake in shares of Suncor Energy by 38.5% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 88,967 shares of the oil and gas producer's stock worth $3,285,000 after purchasing an additional 24,713 shares during the period. M&T Bank Corp grew its holdings in Suncor Energy by 6.2% during the 3rd quarter. M&T Bank Corp now owns 14,496 shares of the oil and gas producer's stock valued at $535,000 after purchasing an additional 842 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Suncor Energy by 7.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,891,596 shares of the oil and gas producer's stock worth $220,955,000 after purchasing an additional 413,797 shares during the period. 67.37% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms have recently commented on SU. Royal Bank of Canada reaffirmed an "outperform" rating and set a $66.00 target price on shares of Suncor Energy in a research note on Tuesday, January 7th. Tudor Pickering raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. StockNews.com upgraded Suncor Energy from a "hold" rating to a "buy" rating in a research report on Wednesday, April 9th. Morgan Stanley cut shares of Suncor Energy from an "overweight" rating to an "equal weight" rating in a report on Monday, December 16th. Finally, Bank of America initiated coverage on shares of Suncor Energy in a report on Wednesday, February 26th. They set a "neutral" rating for the company. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Suncor Energy currently has an average rating of "Moderate Buy" and an average price target of $59.20.
Get Our Latest Stock Report on Suncor Energy
Suncor Energy Stock Up 0.1 %
NYSE SU traded up $0.02 during trading on Tuesday, reaching $33.50. 1,008,683 shares of the company's stock traded hands, compared to its average volume of 4,475,559. Suncor Energy Inc. has a 12-month low of $30.79 and a 12-month high of $41.95. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. The firm has a market cap of $41.44 billion, a price-to-earnings ratio of 9.71, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79. The company's 50 day simple moving average is $37.09 and its two-hundred day simple moving average is $37.96.
Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS for the quarter, topping 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%. As a group, sell-side analysts forecast that Suncor Energy Inc. will post 3.42 EPS 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 dividend of $0.399 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date of this dividend was Tuesday, March 4th. Suncor Energy's payout ratio is currently 45.51%.
About Suncor Energy
(
Free Report)
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.
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