Public Employees Retirement System of Ohio Sells 84,607 Shares of Suncor Energy Inc. (NYSE:SU)

Public Employees Retirement System of Ohio trimmed its position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 13.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 545,694 shares of the oil and gas producer's stock after selling 84,607 shares during the period. Public Employees Retirement System of Ohio's holdings in Suncor Energy were worth $19,471,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Suncor Energy by 0.6% during the fourth 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 purchasing an additional 323,714 shares in the last quarter. Artisan Partners Limited Partnership boosted 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 valued at $865,885,000 after buying an additional 169,700 shares during the period. Massachusetts Financial Services Co. MA grew its holdings 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 valued at $831,631,000 after acquiring an additional 209,447 shares in the last quarter. Toronto Dominion Bank increased its stake in shares of Suncor Energy by 3.0% in the fourth quarter. Toronto Dominion Bank now owns 19,098,225 shares of the oil and gas producer's stock worth $680,847,000 after acquiring an additional 552,018 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Suncor Energy by 4.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 10,981,927 shares of the oil and gas producer's stock worth $391,809,000 after acquiring an additional 445,613 shares in the last quarter. 67.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SU has been the topic of several recent research reports. Scotiabank raised shares of Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Wall Street Zen downgraded shares of Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Tudor, Pickering, Holt & Co. raised Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Tudor Pickering upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Finally, Bank of America began coverage on shares of Suncor Energy in a research note on Wednesday, February 26th. They set a "neutral" rating on the stock. Four analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Suncor Energy presently has an average rating of "Moderate Buy" and an average target price of $64.67.

Suncor Energy Price Performance

Suncor Energy stock traded up $0.42 during mid-day trading on Thursday, hitting $35.75. 2,674,085 shares of the company were exchanged, compared to its average volume of 4,471,527. Suncor Energy Inc. has a 1-year low of $30.79 and a 1-year high of $41.95. 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 business has a fifty day moving average of $35.43 and a 200 day moving average of $37.16. The company has a market capitalization of $44.08 billion, a PE ratio of 10.36, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its quarterly earnings results 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 firm had revenue of $9.10 billion during 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 period last year, the firm posted $1.41 EPS. As a group, sell-side analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be paid a $0.4133 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This is a positive change from Suncor Energy's previous quarterly dividend of $0.40. This represents a $1.65 dividend on an annualized basis and a yield of 4.62%. Suncor Energy's dividend payout ratio is presently 45.53%.

Suncor Energy Company 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.