Suncor Energy Inc. (NYSE:SU) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. cut its holdings in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 11.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 89,354 shares of the oil and gas producer's stock after selling 11,194 shares during the quarter. Stock Yards Bank & Trust Co.'s holdings in Suncor Energy were worth $3,460,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. grew its stake in Suncor Energy by 39.9% in 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 acquiring an additional 2,767,043 shares during the period. Jupiter Asset Management Ltd. grew its stake in Suncor Energy by 2,061.8% in the 4th quarter. Jupiter Asset Management Ltd. now owns 2,438,291 shares of the oil and gas producer's stock valued at $86,990,000 after acquiring an additional 2,325,503 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Suncor Energy by 500.4% in the 4th 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 acquiring an additional 2,044,680 shares during the period. Fisher Asset Management LLC grew its stake in Suncor Energy by 97.4% in the 4th 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 acquiring an additional 1,842,791 shares during the period. Finally, Geode Capital Management LLC grew its stake in 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 acquiring an additional 1,737,573 shares during the period. 67.37% of the stock is owned by hedge funds and other institutional investors.

Suncor Energy Price Performance

NYSE:SU traded up $1.83 during trading hours on Friday, hitting $40.92. The company's stock had a trading volume of 7,535,754 shares, compared to its average volume of 4,481,015. The business's 50-day moving average is $35.50 and its two-hundred day moving average is $36.92. The company has a market capitalization of $50.25 billion, a PE ratio of 11.86, a PEG ratio of 2.94 and a beta of 0.79. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33. Suncor Energy Inc. has a 52-week low of $30.79 and a 52-week high of $41.95.

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, beating the consensus estimate of $0.86 by $0.05. The company had revenue of $9.10 billion for 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 company earned $1.41 earnings per share. As a group, research analysts anticipate that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be issued a $0.4133 dividend. This is a positive change from Suncor Energy's previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, June 4th. This represents a $1.65 annualized dividend and a yield of 4.04%. Suncor Energy's dividend payout ratio is 47.55%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SU. Wall Street Zen cut shares of Suncor Energy from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. Scotiabank raised shares of Suncor Energy to a "hold" rating in a research note on Wednesday, March 19th. 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 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. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $64.67.

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.