Choreo LLC Lowers Stock Holdings in Suncor Energy Inc. (NYSE:SU)

Choreo LLC lowered its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 59.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,205 shares of the oil and gas producer's stock after selling 8,988 shares during the quarter. Choreo LLC's holdings in Suncor Energy were worth $240,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. raised its holdings in shares of Suncor Energy by 65.0% in the 1st quarter. Principal Financial Group Inc. now owns 16,018,129 shares of the oil and gas producer's stock worth $620,136,000 after acquiring an additional 6,311,513 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Suncor Energy by 500.4% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,453,314 shares of the oil and gas producer's stock worth $87,459,000 after purchasing an additional 2,044,680 shares during the last quarter. AustralianSuper Pty Ltd lifted its holdings in shares of Suncor Energy by 1,025.0% in the first quarter. AustralianSuper Pty Ltd now owns 2,149,643 shares of the oil and gas producer's stock valued at $83,248,000 after purchasing an additional 1,958,570 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Suncor Energy by 29.5% during the fourth quarter. Geode Capital Management LLC now owns 7,629,169 shares of the oil and gas producer's stock valued at $278,537,000 after buying an additional 1,737,573 shares during the last quarter. Finally, Two Sigma Investments LP grew its holdings in Suncor Energy by 168.8% during the fourth quarter. Two Sigma Investments LP now owns 1,729,654 shares of the oil and gas producer's stock worth $61,714,000 after buying an additional 1,086,065 shares in the last quarter. Institutional investors and hedge funds own 67.37% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Suncor Energy from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Suncor Energy currently has an average rating of "Moderate Buy" and an average price target of $66.00.

Suncor Energy Stock Performance

NYSE:SU traded down $0.24 during trading hours on Thursday, reaching $39.45. The stock had a trading volume of 3,013,655 shares, compared to its average volume of 3,161,398. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 1.39. The stock has a market cap of $48.05 billion, a P/E ratio of 11.37, a price-to-earnings-growth ratio of 3.50 and a beta of 0.80. Suncor Energy Inc. has a 12-month low of $30.79 and a 12-month high of $41.94. The stock has a 50 day simple moving average of $38.34 and a 200 day simple moving average of $37.39.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.86 by $0.05. The business had revenue of $9.10 billion during the quarter, compared to analyst estimates of $13.39 billion. Suncor Energy had a net margin of 11.95% and a return on equity of 14.90%. During the same period in the previous year, the business earned $1.41 EPS. On average, research analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th were given a dividend of $0.4133 per share. The ex-dividend date was Wednesday, June 4th. This is a positive change from Suncor Energy's previous quarterly dividend of $0.40. This represents a $1.65 annualized dividend and a yield of 4.2%. Suncor Energy's dividend payout ratio (DPR) is presently 47.84%.

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.