CANADA LIFE ASSURANCE Co lessened its holdings in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 7.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 229,281 shares of the oil and gas producer's stock after selling 17,524 shares during the quarter. CANADA LIFE ASSURANCE Co's holdings in Suncor Energy were worth $8,156,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. HHM Wealth Advisors LLC grew its position in shares of Suncor Energy by 62.1% in the 4th quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer's stock worth $30,000 after acquiring an additional 325 shares in the last quarter. Crowley Wealth Management Inc. acquired a new position in shares of Suncor Energy in the 4th quarter worth approximately $35,000. Lee Danner & Bass Inc. acquired a new position in shares of Suncor Energy in the 4th quarter worth approximately $36,000. Golden State Wealth Management LLC acquired a new position in shares of Suncor Energy in the 4th quarter worth approximately $39,000. Finally, Covestor Ltd grew its position in shares of Suncor Energy by 30.5% in the 4th quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock worth $39,000 after acquiring an additional 256 shares in the last quarter. Institutional investors and hedge funds own 67.37% of the company's stock.
Analysts Set New Price Targets
Several brokerages have recently commented on SU. Royal Bank of Canada reiterated an "outperform" rating and issued a $66.00 target price on shares of Suncor Energy in a research report on Tuesday, January 7th. Bank of America initiated coverage on Suncor Energy in a research report on Wednesday, February 26th. They issued a "neutral" rating for the company. Tudor, Pickering, Holt & Co. raised Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Cibc World Mkts raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Finally, Scotiabank raised Suncor Energy to a "hold" rating in a report on Wednesday, March 19th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $59.20.
Read Our Latest Stock Analysis on Suncor Energy
Suncor Energy Stock Performance
Suncor Energy stock traded up $0.11 during mid-day trading on Monday, hitting $35.71. 2,830,727 shares of the company's stock traded hands, compared to its average volume of 4,472,905. The firm has a 50 day moving average price of $36.14 and a 200 day moving average price of $37.64. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. The company has a market cap of $44.03 billion, a PE ratio of 10.35, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79. Suncor Energy Inc. has a one year low of $30.79 and a one year high of $41.95.
Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced 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%. On average, equities analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current year.
Suncor Energy Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders 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 dividend yield of 4.47%. The ex-dividend date was Tuesday, March 4th. Suncor Energy's dividend payout ratio (DPR) is presently 45.51%.
About Suncor Energy
(
Free Report)
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.
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