Artisan Partners Limited Partnership Has $865.89 Million Holdings in Suncor Energy Inc. (NYSE:SU)

Artisan Partners Limited Partnership grew its holdings in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,289,019 shares of the oil and gas producer's stock after acquiring an additional 169,700 shares during the period. Suncor Energy accounts for approximately 1.3% of Artisan Partners Limited Partnership's holdings, making the stock its 18th largest position. Artisan Partners Limited Partnership owned about 1.95% of Suncor Energy worth $865,885,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Mufg Securities Canada LTD. increased its holdings in shares of Suncor Energy by 70.3% during the 4th quarter. Mufg Securities Canada LTD. now owns 1,919,654 shares of the oil and gas producer's stock valued at $68,477,000 after acquiring an additional 792,130 shares during the last quarter. Zions Bancorporation N.A. grew its holdings in Suncor Energy by 38.3% during the fourth quarter. Zions Bancorporation N.A. now owns 32,862 shares of the oil and gas producer's stock valued at $1,173,000 after purchasing an additional 9,101 shares during the last quarter. Segall Bryant & Hamill LLC raised its position in shares of Suncor Energy by 10.7% in the fourth quarter. Segall Bryant & Hamill LLC now owns 360,039 shares of the oil and gas producer's stock valued at $12,846,000 after purchasing an additional 34,734 shares during the period. Prudential Financial Inc. lifted its stake in shares of Suncor Energy by 68.8% in the fourth quarter. Prudential Financial Inc. now owns 111,222 shares of the oil and gas producer's stock worth $3,968,000 after buying an additional 45,340 shares during the last quarter. Finally, Crowley Wealth Management Inc. bought a new stake in shares of Suncor Energy during the 4th quarter worth $35,000. Institutional investors and hedge funds own 67.37% of the company's stock.

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Analysts Set New Price Targets

A number of research firms have weighed in on SU. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Morgan Stanley cut Suncor Energy from an "overweight" rating to an "equal weight" rating in a research report on Monday, December 16th. Scotiabank raised Suncor Energy to a "hold" rating in a report on Wednesday, March 19th. StockNews.com raised Suncor Energy from a "hold" rating to a "buy" rating in a research report on Saturday, March 22nd. Finally, Cibc World Mkts raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.20.

Suncor Energy Stock Performance

SU stock traded up $0.40 during midday trading on Monday, hitting $38.74. The stock had a trading volume of 960,674 shares, compared to its average volume of 4,741,123. The firm has a market capitalization of $47.93 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 2.94 and a beta of 1.11. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The stock has a 50-day simple moving average of $38.13 and a 200 day simple moving average of $38.19. Suncor Energy Inc. has a 52 week low of $33.81 and a 52 week high of $41.94.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, beating 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 research 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 announced 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 was Tuesday, March 4th. This represents a $1.60 annualized dividend and a dividend yield of 4.12%. Suncor Energy's dividend payout ratio (DPR) is presently 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.