M&T Bank Corp Has $4.44 Million Stake in Suncor Energy Inc. $SU

M&T Bank Corp grew its position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 1,131.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 103,499 shares of the oil and gas producer's stock after purchasing an additional 95,096 shares during the period. M&T Bank Corp's holdings in Suncor Energy were worth $4,439,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of SU. Fisher Asset Management LLC boosted its stake in Suncor Energy by 85.5% in the third quarter. Fisher Asset Management LLC now owns 15,530,965 shares of the oil and gas producer's stock worth $649,350,000 after purchasing an additional 7,158,953 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Suncor Energy by 62.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 13,335,239 shares of the oil and gas producer's stock valued at $557,682,000 after purchasing an additional 5,113,280 shares during the last quarter. Alyeska Investment Group L.P. boosted its stake in Suncor Energy by 334.8% in the third quarter. Alyeska Investment Group L.P. now owns 2,590,863 shares of the oil and gas producer's stock valued at $108,324,000 after acquiring an additional 1,995,007 shares during the last quarter. Bank of Nova Scotia boosted its position in shares of Suncor Energy by 63.5% in the 3rd quarter. Bank of Nova Scotia now owns 5,028,399 shares of the oil and gas producer's stock worth $210,474,000 after purchasing an additional 1,952,444 shares during the last quarter. Finally, Lazard Asset Management LLC grew its position in shares of Suncor Energy by 173.2% during the 3rd quarter. Lazard Asset Management LLC now owns 3,036,031 shares of the oil and gas producer's stock worth $126,994,000 after buying an additional 1,924,923 shares during the period. 67.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SU has been the subject of several research analyst reports. Weiss Ratings reissued a "buy (b)" rating on shares of Suncor Energy in a report on Monday, December 29th. The Goldman Sachs Group upped their price target on Suncor Energy from $66.00 to $73.00 and gave the stock a "buy" rating in a research report on Wednesday, April 1st. Royal Bank Of Canada raised their price objective on Suncor Energy from $75.00 to $89.00 and gave the company an "outperform" rating in a report on Wednesday, April 1st. Wall Street Zen cut shares of Suncor Energy from a "buy" rating to a "hold" rating in a research note on Sunday, December 28th. Finally, JPMorgan Chase & Co. raised Suncor Energy from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $46.15 to $54.00 in a research report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Suncor Energy currently has a consensus rating of "Buy" and a consensus price target of $72.00.

Suncor Energy Stock Performance

NYSE SU opened at $64.04 on Monday. The firm has a 50-day moving average of $61.19 and a 200-day moving average of $50.85. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.89 and a current ratio of 1.39. The stock has a market cap of $75.84 billion, a PE ratio of 18.46 and a beta of 0.32. Suncor Energy Inc. has a 52-week low of $33.50 and a 52-week high of $67.76.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its quarterly earnings results on Tuesday, February 3rd. The oil and gas producer reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.02. The business had revenue of $8.77 billion for the quarter, compared to analyst estimates of $8.79 billion. Suncor Energy had a net margin of 11.99% and a return on equity of 12.51%. During the same quarter in the prior year, the business earned $1.25 EPS. On average, sell-side analysts anticipate that Suncor Energy Inc. will post 5.72 EPS for the current year.

Suncor Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th were given a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $2.40 annualized dividend and a dividend yield of 3.7%. Suncor Energy's dividend payout ratio is presently 50.72%.

Suncor Energy Company Profile

Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company's operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.

Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.

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