Clark Capital Management Group Inc. cut its stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 655,174 shares of the oil and gas producer's stock after selling 21,166 shares during the quarter. Clark Capital Management Group Inc. owned approximately 0.05% of Suncor Energy worth $23,377,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. CoreCommodity Management LLC lifted its position in Suncor Energy by 128.8% in the 4th quarter. CoreCommodity Management LLC now owns 36,397 shares of the oil and gas producer's stock valued at $1,297,000 after acquiring an additional 20,488 shares in the last quarter. Cetera Investment Advisers lifted its position in Suncor Energy by 4.6% in the 4th quarter. Cetera Investment Advisers now owns 90,152 shares of the oil and gas producer's stock valued at $3,217,000 after acquiring an additional 3,964 shares in the last quarter. Centiva Capital LP lifted its position in Suncor Energy by 214.9% in the 4th quarter. Centiva Capital LP now owns 21,709 shares of the oil and gas producer's stock valued at $775,000 after acquiring an additional 14,815 shares in the last quarter. Blue Capital Inc. bought a new position in Suncor Energy in the 4th quarter valued at about $236,000. Finally, Cary Street Partners Financial LLC bought a new position in Suncor Energy in the 4th quarter valued at about $250,000. 67.37% of the stock is owned by institutional investors.
Suncor Energy Stock Performance
Shares of SU stock traded up $0.72 during trading hours on Friday, hitting $34.97. 4,911,108 shares of the company were exchanged, compared to its average volume of 4,573,309. The firm has a fifty day simple moving average of $35.59 and a 200 day simple moving average of $37.40. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. Suncor Energy Inc. has a 52-week low of $30.79 and a 52-week high of $41.95. The stock has a market capitalization of $43.12 billion, a price-to-earnings ratio of 10.14, a P/E/G ratio of 2.94 and a beta of 0.79.
Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.05. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. The company had revenue of $9.10 billion during the quarter, compared to analyst estimates of $13.39 billion. During the same quarter last year, the business posted $1.41 EPS. Research analysts predict that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.
Suncor Energy Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be given a $0.4133 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.65 annualized dividend and a dividend yield of 4.73%. This is a positive change from Suncor Energy's previous quarterly dividend of $0.40. Suncor Energy's payout ratio is 45.24%.
Analyst Ratings Changes
A number of research analysts recently weighed in on SU shares. Scotiabank raised shares of Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Tudor Pickering raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Bank of America started coverage on shares of Suncor Energy in a research report on Wednesday, February 26th. They set a "neutral" rating on the stock. Cibc World Mkts raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. Finally, 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. Five analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $59.20.
View Our Latest Analysis on SU
Suncor Energy Profile
(
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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