Tidal Investments LLC trimmed its position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 58.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,204 shares of the oil and gas producer's stock after selling 12,767 shares during the period. Tidal Investments LLC's holdings in Suncor Energy were worth $328,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SU. Covestor Ltd increased its holdings in Suncor Energy by 30.5% during the 4th quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock worth $39,000 after purchasing an additional 256 shares in the last quarter. Principal Securities Inc. increased its holdings in Suncor Energy by 2.2% during the 4th quarter. Principal Securities Inc. now owns 12,423 shares of the oil and gas producer's stock worth $443,000 after purchasing an additional 265 shares in the last quarter. Stifel Financial Corp increased its holdings in Suncor Energy by 0.3% during the 4th quarter. Stifel Financial Corp now owns 95,508 shares of the oil and gas producer's stock worth $3,408,000 after purchasing an additional 265 shares in the last quarter. X Square Capital LLC increased its holdings in Suncor Energy by 0.3% during the 4th quarter. X Square Capital LLC now owns 82,720 shares of the oil and gas producer's stock worth $2,951,000 after purchasing an additional 267 shares in the last quarter. Finally, Freedom Investment Management Inc. increased its holdings in Suncor Energy by 2.0% during the 4th quarter. Freedom Investment Management Inc. now owns 15,344 shares of the oil and gas producer's stock worth $547,000 after purchasing an additional 302 shares in the last quarter. 67.37% of the stock is owned by institutional investors.
Suncor Energy Stock Performance
Shares of NYSE SU traded down $0.59 during midday trading on Wednesday, reaching $36.33. The company's stock had a trading volume of 6,873,911 shares, compared to its average volume of 4,451,716. Suncor Energy Inc. has a 12-month low of $30.79 and a 12-month high of $41.95. The firm has a 50 day moving average price of $35.20 and a 200-day moving average price of $37.05. The stock has a market capitalization of $44.80 billion, a P/E ratio of 10.53, a PEG 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 quarterly earnings data 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 return on equity of 15.37% and a net margin of 11.80%. The business had revenue of $9.10 billion for the quarter, compared to the consensus estimate of $13.39 billion. During the same quarter in the prior year, the business earned $1.41 earnings per share. As a group, equities analysts predict that Suncor Energy Inc. will post 3.42 earnings per share for the current year.
Suncor Energy Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be paid a $0.4133 dividend. 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. This represents a $1.65 annualized dividend and a yield of 4.55%. Suncor Energy's dividend payout ratio is presently 45.53%.
Analysts Set New Price Targets
A number of analysts have commented on SU shares. Wall Street Zen lowered Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Tudor Pickering raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Scotiabank raised Suncor Energy to a "hold" rating in a report on Wednesday, March 19th. Tudor, Pickering, Holt & Co. upgraded Suncor Energy from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. Finally, Bank of America started coverage on Suncor Energy in a research note on Wednesday, February 26th. They issued a "neutral" rating on the stock. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $64.67.
Check Out Our Latest Research Report on SU
Suncor Energy Profile
(
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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