Trexquant Investment LP Sells 41,939 Shares of Suncor Energy Inc. (NYSE:SU)

Trexquant Investment LP trimmed its holdings in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 11.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 314,043 shares of the oil and gas producer's stock after selling 41,939 shares during the quarter. Trexquant Investment LP's holdings in Suncor Energy were worth $11,205,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in shares of Suncor Energy by 29.5% during the fourth quarter. Geode Capital Management LLC now owns 7,629,169 shares of the oil and gas producer's stock valued at $278,537,000 after purchasing an additional 1,737,573 shares during the period. HighPoint Advisor Group LLC purchased a new position in shares of Suncor Energy during the fourth quarter valued at about $197,000. Summit Financial LLC purchased a new stake in Suncor Energy in the fourth quarter worth about $1,979,000. Alliancebernstein L.P. raised its position in shares of Suncor Energy by 120.4% in the 4th quarter. Alliancebernstein L.P. now owns 228,696 shares of the oil and gas producer's stock worth $8,160,000 after purchasing an additional 124,935 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings in shares of Suncor Energy by 250.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 19,811 shares of the oil and gas producer's stock worth $759,000 after purchasing an additional 14,163 shares in the last quarter. 67.37% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several research firms recently commented on SU. Tudor Pickering raised Suncor Energy from a "hold" rating to a "strong-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. Royal Bank of Canada reaffirmed an "outperform" rating and set a $66.00 price target on shares of Suncor Energy in a research report on Tuesday, January 7th. Bank of America started coverage on shares of Suncor Energy in a report on Wednesday, February 26th. They issued a "neutral" rating on the stock. Finally, Cibc World Mkts raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Four 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. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $59.20.

Suncor Energy Price Performance

SU stock traded down $0.62 during midday trading on Monday, hitting $32.58. The company's stock had a trading volume of 3,768,706 shares, compared to its average volume of 4,399,307. The firm has a market capitalization of $40.30 billion, a price-to-earnings ratio of 9.43, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79. 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 12 month low of $31.33 and a 12 month high of $41.95. The company has a 50 day moving average of $37.94 and a two-hundred day moving average of $38.21.

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, 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%. On average, analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th were issued 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 4.90%. Suncor Energy's dividend payout ratio (DPR) is 45.51%.

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.