Suncor Energy Inc. (NYSE:SU) Position Lessened by Check Capital Management Inc. CA

Check Capital Management Inc. CA decreased its position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 0.5% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,692,875 shares of the oil and gas producer's stock after selling 8,790 shares during the period. Suncor Energy accounts for approximately 1.9% of Check Capital Management Inc. CA's portfolio, making the stock its 7th largest holding. Check Capital Management Inc. CA owned approximately 0.14% of Suncor Energy worth $65,548,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. CIBC Private Wealth Group LLC raised its stake in Suncor Energy by 250.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 19,811 shares of the oil and gas producer's stock worth $759,000 after purchasing an additional 14,163 shares during the period. Sei Investments Co. raised its stake in Suncor Energy by 2.5% during the fourth quarter. Sei Investments Co. now owns 444,201 shares of the oil and gas producer's stock worth $15,849,000 after purchasing an additional 10,852 shares during the period. Principal Financial Group Inc. raised its stake in Suncor Energy by 65.0% during the first quarter. Principal Financial Group Inc. now owns 16,018,129 shares of the oil and gas producer's stock worth $620,136,000 after purchasing an additional 6,311,513 shares during the period. Inscription Capital LLC purchased a new position in Suncor Energy during the first quarter worth approximately $247,000. Finally, Vident Advisory LLC raised its stake in Suncor Energy by 967.9% during the fourth quarter. Vident Advisory LLC now owns 519,112 shares of the oil and gas producer's stock worth $18,522,000 after purchasing an additional 470,500 shares during the period. Hedge funds and other institutional investors own 67.37% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SU. Wall Street Zen downgraded 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. Four research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $67.00.

Suncor Energy Price Performance

SU opened at $40.10 on Monday. The company has a fifty day simple moving average of $37.27 and a 200 day simple moving average of $37.16. The firm has a market cap of $49.03 billion, a price-to-earnings ratio of 11.56, a PEG ratio of 3.48 and a beta of 0.80. Suncor Energy Inc. has a twelve month low of $30.79 and a twelve month high of $41.95. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21.

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 (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.05. Suncor Energy had a net margin of 11.95% and a return on equity of 14.90%. The firm had revenue of $9.10 billion for the quarter, compared to the consensus estimate of $13.39 billion. During the same quarter in the previous year, the firm posted $1.41 EPS. Equities research analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th were paid a dividend of $0.4133 per share. This is an increase from Suncor Energy's previous quarterly dividend of $0.40. The ex-dividend date was Wednesday, June 4th. This represents a $1.65 annualized dividend and a yield of 4.12%. Suncor Energy's payout ratio is 47.84%.

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.

Want to see what other hedge funds are holding SU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.