Deutsche Bank AG Decreases Position in Suncor Energy Inc. (NYSE:SU)

Deutsche Bank AG decreased its position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 12.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,173,333 shares of the oil and gas producer's stock after selling 319,791 shares during the period. Deutsche Bank AG owned about 0.17% of Suncor Energy worth $77,545,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in Suncor Energy by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 53,019,357 shares of the oil and gas producer's stock valued at $1,892,526,000 after acquiring an additional 323,714 shares during the last quarter. Artisan Partners Limited Partnership increased its stake in shares of Suncor Energy by 0.7% during the 4th 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. Massachusetts Financial Services Co. MA raised its position in shares of Suncor Energy by 0.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 23,308,055 shares of the oil and gas producer's stock worth $831,631,000 after purchasing an additional 209,447 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Suncor Energy by 4.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 10,981,927 shares of the oil and gas producer's stock valued at $391,809,000 after buying an additional 445,613 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in Suncor Energy by 4.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,132,812 shares of the oil and gas producer's stock valued at $361,227,000 after buying an additional 437,252 shares during the last quarter. Hedge funds and other institutional investors own 67.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SU. Tudor, Pickering, Holt & Co. upgraded Suncor Energy from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Scotiabank raised Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Bank of America began coverage on Suncor Energy in a research report on Wednesday, February 26th. They set a "neutral" rating on the stock. Cibc World Mkts raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Finally, StockNews.com downgraded shares of Suncor Energy from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $59.20.

Suncor Energy Stock Performance

Suncor Energy stock opened at $34.97 on Monday. The company has a market cap of $43.12 billion, a price-to-earnings ratio of 10.14, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79. Suncor Energy Inc. has a 12 month low of $30.79 and a 12 month high of $41.95. 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's 50-day moving average is $35.59 and its 200-day moving average is $37.40.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.05. The company had revenue of $9.10 billion for the quarter, compared to analysts' expectations of $13.39 billion. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. During the same quarter in the previous year, the firm posted $1.41 earnings per share. Equities analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be given a dividend of $0.4133 per share. This is a boost from Suncor Energy's previous quarterly dividend of $0.40. This represents a $1.65 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date of this dividend is Wednesday, June 4th. Suncor Energy's payout ratio is presently 45.24%.

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.

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