UniSuper Management Pty Ltd Reduces Stock Position in Suncor Energy Inc. (NYSE:SU)

UniSuper Management Pty Ltd lessened its stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 61.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,100 shares of the oil and gas producer's stock after selling 39,194 shares during the period. UniSuper Management Pty Ltd's holdings in Suncor Energy were worth $860,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of SU. Sanctuary Advisors LLC raised its stake 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 raised its position in shares of Suncor Energy by 86.0% during 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 buying an additional 31,366 shares during the period. Sage Investment Counsel LLC acquired a new position in Suncor Energy in the fourth quarter valued at approximately $300,000. J.W. Cole Advisors Inc. acquired a new position in Suncor Energy in the fourth quarter valued at approximately $236,000. Finally, Bank of New York Mellon Corp grew its position in Suncor Energy by 104.2% in the fourth 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 acquiring an additional 1,573,726 shares during the period. Institutional investors and hedge funds own 67.37% of the company's stock.

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Suncor Energy Stock Down 9.8 %

Suncor Energy stock traded down $3.59 during mid-day trading on Friday, reaching $33.19. 10,312,749 shares of the company's stock were exchanged, compared to its average volume of 4,401,070. The company has a fifty day moving average of $37.94 and a 200-day moving average of $38.20. The company has a market cap of $41.06 billion, a P/E ratio of 9.62, a P/E/G ratio of 2.94 and a beta of 1.11. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. Suncor Energy Inc. has a twelve month low of $32.78 and a twelve month high of $41.95.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.07. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. Sell-side analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th were paid a dividend of $0.399 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.81%. Suncor Energy's payout ratio is 45.51%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Scotiabank raised Suncor Energy to a "hold" rating in a research note on Wednesday, March 19th. Tudor Pickering raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Morgan Stanley cut shares of Suncor Energy from an "overweight" rating to an "equal weight" rating in a research report on Monday, December 16th. StockNews.com upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a report on Tuesday. Finally, Cibc World Mkts upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Suncor Energy currently has an average rating of "Moderate Buy" and an average target price of $59.20.

Suncor Energy 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.