Swiss National Bank Sells 196,000 Shares of Suncor Energy Inc. (NYSE:SU)

Swiss National Bank reduced its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 5.1% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,662,992 shares of the oil and gas producer's stock after selling 196,000 shares during the quarter. Swiss National Bank owned 0.29% of Suncor Energy worth $130,687,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. HHM Wealth Advisors LLC raised 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 acquiring an additional 325 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of Suncor Energy in the fourth quarter valued at approximately $39,000. Stonebridge Financial Group LLC bought a new position in Suncor Energy in the 4th quarter worth approximately $45,000. UMB Bank n.a. grew its stake in Suncor Energy by 27.5% in the 4th quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer's stock valued at $50,000 after buying an additional 300 shares in the last quarter. Finally, Private Trust Co. NA grew its stake in Suncor Energy by 50.2% in the 4th quarter. Private Trust Co. NA now owns 1,705 shares of the oil and gas producer's stock valued at $61,000 after buying an additional 570 shares in the last quarter. Institutional investors own 67.37% of the company's stock.

Suncor Energy Trading Down 0.1 %

Shares of SU stock traded down $0.03 on Tuesday, hitting $37.61. 3,943,162 shares of the company's stock traded hands, compared to its average volume of 4,191,265. 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 $46.52 billion, a price-to-earnings ratio of 10.90, a P/E/G ratio of 2.94 and a beta of 1.11. The company's fifty day simple moving average is $38.30 and its 200 day simple moving average is $38.20. Suncor Energy Inc. has a one year low of $33.81 and a one year high of $41.95.

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Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its quarterly earnings data 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 return on equity of 15.37% and a net margin of 11.80%. Equities analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th will be paid a dividend of $0.399 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date of this dividend is Tuesday, March 4th. Suncor Energy's dividend payout ratio (DPR) is presently 45.51%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SU shares. Tudor, Pickering, Holt & Co. raised Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. StockNews.com cut Suncor Energy from a "buy" rating to a "hold" rating in a research report on Friday. Tudor Pickering raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Bank of America started coverage on shares of Suncor Energy in a research report on Wednesday, February 26th. They issued a "neutral" rating on the stock. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $66.00 price target on shares of Suncor Energy in a report on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $58.00.

About Suncor Energy

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.