Mackenzie Financial Corp Has $462.35 Million Stock Holdings in Suncor Energy Inc. (NYSE:SU)

Mackenzie Financial Corp reduced its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 5.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,966,689 shares of the oil and gas producer's stock after selling 804,125 shares during the quarter. Mackenzie Financial Corp owned approximately 1.04% of Suncor Energy worth $462,349,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Covestor Ltd grew its position in shares of Suncor Energy by 30.5% in the 4th quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock worth $39,000 after buying an additional 256 shares during the last quarter. Principal Securities Inc. increased its position in Suncor Energy by 2.2% during the fourth quarter. Principal Securities Inc. now owns 12,423 shares of the oil and gas producer's stock valued at $443,000 after acquiring an additional 265 shares during the last quarter. Stifel Financial Corp increased its position in Suncor Energy by 0.3% during the fourth quarter. Stifel Financial Corp now owns 95,508 shares of the oil and gas producer's stock valued at $3,408,000 after acquiring an additional 265 shares during the last quarter. X Square Capital LLC increased its position in Suncor Energy by 0.3% during the fourth quarter. X Square Capital LLC now owns 82,720 shares of the oil and gas producer's stock valued at $2,951,000 after acquiring an additional 267 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in Suncor Energy by 27.5% during the fourth quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer's stock valued at $50,000 after purchasing an additional 300 shares during the period. Institutional investors own 67.37% of the company's stock.

Suncor Energy Stock Performance

Shares of SU traded up $0.35 during trading hours on Thursday, reaching $35.68. 1,573,715 shares of the company traded hands, compared to its average volume of 4,792,249. The stock's fifty day moving average is $35.43 and its 200 day moving average is $37.16. The stock has a market cap of $43.99 billion, a P/E ratio of 10.34, a price-to-earnings-growth 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 1-year low of $30.79 and a 1-year high of $41.94.

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 EPS for the quarter, beating the consensus estimate of $0.86 by $0.05. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. The business had revenue of $9.10 billion for the quarter, compared to analysts' expectations of $13.39 billion. During the same period in the prior year, the firm earned $1.41 earnings per share. Equities research analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be issued a dividend of $0.4133 per share. This represents a $1.65 dividend on an annualized basis and a dividend yield of 4.63%. This is a positive change from Suncor Energy's previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, June 4th. Suncor Energy's dividend payout ratio (DPR) is presently 45.53%.

Wall Street Analyst Weigh In

Several research analysts have commented on SU shares. Tudor, Pickering, Holt & Co. upgraded Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Bank of America initiated coverage on shares of Suncor Energy in a research note on Wednesday, February 26th. They set a "neutral" rating for the company. Cibc World Mkts raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Wall Street Zen lowered shares of Suncor Energy from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Finally, Scotiabank raised shares of Suncor Energy to a "hold" rating in a research note on Wednesday, March 19th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $64.67.

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.