Suncor Energy Inc. (NYSE:SU) Shares Sold by Locust Wood Capital Advisers LLC

Locust Wood Capital Advisers LLC trimmed its holdings in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 0.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,740,637 shares of the oil and gas producer's stock after selling 22,556 shares during the period. Suncor Energy accounts for about 3.4% of Locust Wood Capital Advisers LLC's investment portfolio, making the stock its 13th largest position. Locust Wood Capital Advisers LLC owned about 0.22% of Suncor Energy worth $97,786,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Suncor Energy by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 53,019,357 shares of the oil and gas producer's stock valued at $1,892,526,000 after buying an additional 323,714 shares in the last quarter. Artisan Partners Limited Partnership raised its stake in shares of Suncor Energy by 0.7% during the fourth 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 purchasing an additional 169,700 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Suncor Energy by 0.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 23,308,055 shares of the oil and gas producer's stock valued at $831,631,000 after purchasing an additional 209,447 shares during the period. Toronto Dominion Bank raised its stake in shares of Suncor Energy by 1.8% during the third quarter. Toronto Dominion Bank now owns 18,546,207 shares of the oil and gas producer's stock valued at $684,726,000 after purchasing an additional 333,440 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Suncor Energy by 4.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,132,812 shares of the oil and gas producer's stock valued at $361,227,000 after purchasing an additional 437,252 shares during the period. 67.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SU has been the subject of a number of research analyst reports. Morgan Stanley lowered shares of Suncor Energy from an "overweight" rating to an "equal weight" rating in a research note on Monday, December 16th. Bank of America initiated coverage on shares of Suncor Energy in a research note on Wednesday, February 26th. They issued a "neutral" rating for the company. Cibc World Mkts upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. Finally, StockNews.com upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $59.20.

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Suncor Energy Stock Performance

Shares of SU opened at $34.23 on Thursday. Suncor Energy Inc. has a 1 year low of $30.79 and a 1 year high of $41.95. The company has a market cap of $42.35 billion, a price-to-earnings ratio of 9.92, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79. 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 firm has a fifty day moving average of $37.40 and a 200-day moving average of $38.04.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share 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%. As a group, equities analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current 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 issued a $0.399 dividend. This represents a $1.60 annualized dividend and a yield of 4.66%. The ex-dividend date of this dividend was Tuesday, March 4th. Suncor Energy's 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.

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