Blair William & Co. IL Lowers Position in Suncor Energy Inc. (NYSE:SU)

Blair William & Co. IL decreased its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 0.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 144,739 shares of the oil and gas producer’s stock after selling 422 shares during the period. Blair William & Co. IL’s holdings in Suncor Energy were worth $5,164,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SU. Artisan Partners Limited Partnership raised its holdings in Suncor Energy by 0.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 24,289,019 shares of the oil and gas producer’s stock worth $865,885,000 after purchasing an additional 169,700 shares in the last quarter. Mufg Securities Canada LTD. lifted its holdings in shares of Suncor Energy by 70.3% during the fourth 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 purchasing an additional 792,130 shares during the last quarter. Zions Bancorporation N.A. grew its stake in shares of Suncor Energy by 38.3% in the 4th quarter. Zions Bancorporation N.A. now owns 32,862 shares of the oil and gas producer’s stock worth $1,173,000 after buying an additional 9,101 shares during the last quarter. Segall Bryant & Hamill LLC increased its position in Suncor Energy by 10.7% during the 4th quarter. Segall Bryant & Hamill LLC now owns 360,039 shares of the oil and gas producer’s stock valued at $12,846,000 after buying an additional 34,734 shares in the last quarter. Finally, Prudential Financial Inc. boosted its holdings in 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 acquiring an additional 45,340 shares in the last quarter. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SU. Cibc World Mkts upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 11th. Bank of America assumed coverage on Suncor Energy in a research report on Wednesday, February 26th. They issued a “neutral” rating on the stock. Morgan Stanley cut Suncor Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. Scotiabank raised Suncor Energy to a “hold” rating in a research report on Wednesday, March 19th. Finally, StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a research report on Saturday, March 22nd. Four investment 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $59.20.

Suncor Energy Trading Down 0.7 %

Shares of Suncor Energy stock opened at $38.36 on Monday. Suncor Energy Inc. has a 1-year low of $33.81 and a 1-year high of $41.95. The company’s fifty day simple moving average is $38.13 and its 200-day simple moving average is $38.19. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. The stock has a market capitalization of $47.45 billion, a PE ratio of 11.12, a P/E/G ratio of 2.94 and a beta of 1.11.

Suncor Energy (NYSE:SU) (TSE:SU) last released 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 return on equity of 15.37% and a net margin of 11.80%. As a group, equities analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share 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 issued a $0.399 dividend. This represents a $1.60 annualized dividend and a yield of 4.16%. The ex-dividend date was Tuesday, March 4th. Suncor Energy’s dividend payout ratio is 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.