Suncor Energy Inc. (NYSE:SU) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio reduced its stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 13.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 bought and sold shares of SU. Jones Financial Companies Lllp raised its position in shares of Suncor Energy by 86.0% in the fourth quarter. Jones Financial Companies Lllp now owns 67,848 shares of the oil and gas producer's stock valued at $2,421,000 after buying an additional 31,366 shares during the last quarter. Sage Investment Counsel LLC purchased a new stake in Suncor Energy in the 4th quarter worth approximately $300,000. J.W. Cole Advisors Inc. acquired a new position in Suncor Energy in the 4th quarter valued at $236,000. Bank of New York Mellon Corp lifted its stake in shares of Suncor Energy by 104.2% during the 4th quarter. Bank of New York Mellon Corp now owns 3,083,440 shares of the oil and gas producer's stock worth $110,017,000 after purchasing an additional 1,573,726 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Suncor Energy by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,457,325 shares of the oil and gas producer's stock worth $159,030,000 after purchasing an additional 99,669 shares during the last quarter. Hedge funds and other institutional investors own 67.37% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in 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 shares of Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. 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. Bank of America initiated coverage on shares of Suncor Energy in a report on Wednesday, February 26th. They issued a "neutral" rating on the stock. Finally, Wall Street Zen downgraded Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Suncor Energy presently has an average rating of "Moderate Buy" and a consensus target price of $64.67.

Suncor Energy Stock Down 0.7%

Shares of SU traded down $0.26 during mid-day trading on Friday, reaching $35.51. 1,135,152 shares of the stock traded hands, compared to its average volume of 4,463,235. The stock has a fifty day simple moving average of $35.38 and a 200 day simple moving average of $37.14. Suncor Energy Inc. has a 12-month low of $30.79 and a 12-month 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 firm has a market cap of $43.78 billion, a price-to-earnings ratio of 10.28, 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 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. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. The firm had revenue of $9.10 billion for the quarter, compared to analyst estimates of $13.39 billion. During the same quarter in the previous year, the business posted $1.41 EPS. Sell-side analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be issued a dividend of $0.4133 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This is an increase from Suncor Energy's previous quarterly dividend of $0.40. This represents a $1.65 annualized dividend and a yield of 4.66%. Suncor Energy's payout ratio is currently 45.53%.

About Suncor Energy

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.