Suncor Energy Inc. (NYSE:SU) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. increased its holdings in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,019,357 shares of the oil and gas producer's stock after acquiring an additional 323,714 shares during the quarter. Vanguard Group Inc. owned approximately 4.26% of Suncor Energy worth $1,892,526,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Stevens Capital Management LP purchased a new stake in shares of Suncor Energy in the fourth quarter valued at about $252,000. Guardian Partners Inc. purchased a new position in shares of Suncor Energy in the 4th quarter valued at approximately $10,311,000. Hillsdale Investment Management Inc. increased its holdings in shares of Suncor Energy by 111.9% in the fourth quarter. Hillsdale Investment Management Inc. now owns 764,308 shares of the oil and gas producer's stock valued at $27,252,000 after purchasing an additional 403,622 shares during the period. Sei Investments Co. raised its stake in shares of Suncor Energy by 2.5% during the fourth quarter. Sei Investments Co. now owns 444,201 shares of the oil and gas producer's stock worth $15,849,000 after purchasing an additional 10,852 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Suncor Energy by 7.6% during the fourth quarter. American Century Companies Inc. now owns 778,161 shares of the oil and gas producer's stock worth $27,777,000 after purchasing an additional 55,062 shares during the period. Institutional investors and hedge funds own 67.37% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Tudor Pickering raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Scotiabank raised shares of Suncor Energy to a "hold" rating in a report on Wednesday, March 19th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $66.00 price objective on shares of Suncor Energy in a report on Tuesday, January 7th. Cibc World Mkts upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. Finally, Bank of America assumed coverage on Suncor Energy in a report on Wednesday, February 26th. They issued a "neutral" rating for the company. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $59.20.

Suncor Energy Price Performance

NYSE SU traded up $0.39 during mid-day trading on Monday, hitting $38.73. The stock had a trading volume of 2,994,493 shares, compared to its average volume of 4,400,370. The company has a 50 day simple moving average of $38.12 and a 200 day simple moving average of $38.21. The company has a market cap of $47.91 billion, a price-to-earnings ratio of 11.22, a P/E/G ratio of 2.94 and a beta of 1.11. Suncor Energy Inc. has a 52-week low of $33.81 and a 52-week high of $41.95. 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 (NYSE:SU - Get Free Report) TSE: SU last announced its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share 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%. Equities analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current fiscal 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 given a dividend of $0.399 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date of this dividend was Tuesday, March 4th. Suncor Energy's dividend payout ratio 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.