Ritholtz Wealth Management cut its holdings in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 21.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,740 shares of the oil and gas producer's stock after selling 21,573 shares during the quarter. Ritholtz Wealth Management's holdings in Suncor Energy were worth $3,049,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in shares of Suncor Energy by 39.9% during the 4th quarter. Principal Financial Group Inc. now owns 9,706,616 shares of the oil and gas producer's stock valued at $346,298,000 after buying an additional 2,767,043 shares in the last quarter. Jupiter Asset Management Ltd. increased its stake in Suncor Energy by 2,061.8% during the fourth quarter. Jupiter Asset Management Ltd. now owns 2,438,291 shares of the oil and gas producer's stock worth $86,990,000 after acquiring an additional 2,325,503 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Suncor Energy by 500.4% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,453,314 shares of the oil and gas producer's stock valued at $87,459,000 after purchasing an additional 2,044,680 shares during the period. Fisher Asset Management LLC raised its position in Suncor Energy by 97.4% during the fourth quarter. Fisher Asset Management LLC now owns 3,734,572 shares of the oil and gas producer's stock valued at $133,250,000 after purchasing an additional 1,842,791 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Suncor Energy by 29.5% in the 4th 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 purchasing an additional 1,737,573 shares during the last quarter. 67.37% of the stock is currently owned by hedge funds and other institutional investors.
Suncor Energy Stock Down 0.7%
Shares of NYSE:SU traded down $0.29 during trading hours on Monday, hitting $40.67. The company's stock had a trading volume of 5,646,929 shares, compared to its average volume of 4,981,855. The firm's fifty day moving average price is $35.50 and its 200 day moving average price is $36.89. Suncor Energy Inc. has a 52 week low of $30.79 and a 52 week high of $41.94. The company has a market capitalization of $49.94 billion, a price-to-earnings ratio of 11.79, a P/E/G ratio of 2.94 and a beta of 0.79. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86.
Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.05. The company had revenue of $9.10 billion during the quarter, compared to analyst estimates 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 prior year, the business earned $1.41 earnings per share. As a group, research analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current year.
Suncor Energy Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be given a $0.4133 dividend. This represents a $1.65 annualized dividend and a dividend yield of 4.06%. This is an increase from Suncor Energy's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Wednesday, June 4th. Suncor Energy's dividend payout ratio is presently 47.55%.
Analyst Ratings Changes
Several equities analysts recently commented on the stock. Wall Street Zen downgraded shares of Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Bank of America assumed coverage on Suncor Energy in a report on Wednesday, February 26th. They issued a "neutral" rating on the stock. Finally, Scotiabank upgraded Suncor Energy to a "hold" rating in a report on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $64.67.
View Our Latest Analysis on SU
About Suncor Energy
(
Free Report)
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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