Rempart Asset Management Inc. Has $18.65 Million Stock Holdings in Suncor Energy Inc. (NYSE:SU)

Rempart Asset Management Inc. lessened its holdings in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 5.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 481,442 shares of the oil and gas producer's stock after selling 30,190 shares during the quarter. Suncor Energy accounts for 3.8% of Rempart Asset Management Inc.'s portfolio, making the stock its 15th largest position. Rempart Asset Management Inc.'s holdings in Suncor Energy were worth $18,649,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. HHM Wealth Advisors LLC grew its position in shares of Suncor Energy by 62.1% in the 4th quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer's stock worth $30,000 after acquiring an additional 325 shares in the last quarter. Crowley Wealth Management Inc. acquired a new position in shares of Suncor Energy in the 4th quarter worth approximately $35,000. Lee Danner & Bass Inc. acquired a new position in shares of Suncor Energy in the 4th quarter worth approximately $36,000. Golden State Wealth Management LLC acquired a new position in shares of Suncor Energy in the 4th quarter worth approximately $39,000. Finally, 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 acquiring an additional 256 shares in the last quarter. Institutional investors and hedge funds own 67.37% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SU. Tudor Pickering upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Wall Street Zen lowered Suncor Energy from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Scotiabank upgraded shares of Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Finally, Cibc World Mkts upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $64.67.

Suncor Energy Stock Performance

SU stock traded up $0.92 during trading on Monday, reaching $36.47. 10,030,115 shares of the company's stock were exchanged, compared to its average volume of 4,463,668. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. Suncor Energy Inc. has a 1-year low of $30.79 and a 1-year high of $41.95. The company's fifty day moving average price is $35.32 and its 200-day moving average price is $37.08. The firm has a market cap of $44.96 billion, a PE ratio of 10.60, a P/E/G ratio of 2.94 and a beta of 0.79.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted 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 return on equity of 15.37% and a net margin of 11.80%. The company 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 business earned $1.41 EPS. On average, research analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be given 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 4.53%. Suncor Energy's payout ratio is 45.53%.

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.