Suncor Energy Inc. (NYSE:SU) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 16.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 693,235 shares of the oil and gas producer's stock after selling 134,515 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.06% of Suncor Energy worth $24,735,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the stock. Jones Financial Companies Lllp boosted its holdings in Suncor Energy by 86.0% during the 4th quarter. Jones Financial Companies Lllp now owns 67,848 shares of the oil and gas producer's stock worth $2,421,000 after acquiring an additional 31,366 shares during the last quarter. Sage Investment Counsel LLC bought a new position in shares of Suncor Energy in the fourth quarter worth approximately $300,000. J.W. Cole Advisors Inc. bought a new position in shares of Suncor Energy in the fourth quarter worth approximately $236,000. Bank of New York Mellon Corp grew its position in Suncor Energy by 104.2% during the fourth quarter. Bank of New York Mellon Corp now owns 3,083,440 shares of the oil and gas producer's stock valued at $110,017,000 after acquiring an additional 1,573,726 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Suncor Energy by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,457,325 shares of the oil and gas producer's stock valued at $159,030,000 after purchasing an additional 99,669 shares during the period. Institutional investors own 67.37% of the company's stock.

Analysts Set New Price Targets

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

Suncor Energy Trading Down 0.4%

SU stock traded down $0.16 during midday trading on Friday, hitting $35.60. 3,871,094 shares of the company's stock were exchanged, compared to its average volume of 4,440,979. Suncor Energy Inc. has a 1-year low of $30.79 and a 1-year high of $41.95. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The business has a 50-day simple moving average of $35.32 and a two-hundred day simple moving average of $37.08. The stock has a market capitalization of $43.90 billion, a PE ratio of 10.32, a P/E/G ratio of 2.94 and a beta of 0.79.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 EPS for the quarter, topping 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 firm had revenue of $9.10 billion during the quarter, compared to analysts' expectations of $13.39 billion. During the same period in the previous year, the firm posted $1.41 EPS. On average, sell-side analysts predict that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.4133 per share. This is a boost 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 4.64%. Suncor Energy's payout ratio is presently 45.53%.

Suncor Energy 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.