Voloridge Investment Management LLC lowered its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 6.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,801,647 shares of the oil and gas producer's stock after selling 196,165 shares during the period. Voloridge Investment Management LLC owned about 0.23% of Suncor Energy worth $99,963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. HHM Wealth Advisors LLC raised its position in 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 valued at $30,000 after purchasing an additional 325 shares in the last quarter. Crowley Wealth Management Inc. purchased a new position in shares of Suncor Energy in the 4th quarter valued at about $35,000. Lee Danner & Bass Inc. purchased a new position in shares of Suncor Energy in the 4th quarter valued at about $36,000. Golden State Wealth Management LLC purchased a new position in shares of Suncor Energy in the 4th quarter valued at about $39,000. Finally, Covestor Ltd increased its holdings 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 valued at $39,000 after acquiring an additional 256 shares during the last quarter. Institutional investors and hedge funds own 67.37% of the company's stock.
Wall Street Analyst Weigh In
SU has been the topic of a number of recent analyst reports. StockNews.com downgraded Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. 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 Suncor Energy in a report on Wednesday, February 26th. They issued a "neutral" rating on the stock. Cibc World Mkts upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Finally, Scotiabank upgraded Suncor Energy to a "hold" rating in a report on Wednesday, March 19th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $59.20.
Get Our Latest Stock Analysis on Suncor Energy
Suncor Energy Trading Down 0.8%
NYSE:SU opened at $35.38 on Tuesday. The stock's 50 day moving average price is $35.67 and its 200 day moving average price is $37.31. The company has a market capitalization of $43.63 billion, a PE ratio of 10.26, a P/E/G ratio of 2.94 and a beta of 0.79. 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 52-week low of $30.79 and a 52-week high of $41.95.
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 analysts' consensus estimates of $0.86 by $0.05. The firm had revenue of $9.10 billion for the quarter, compared to the consensus estimate of $13.39 billion. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. During the same quarter last year, the business posted $1.41 EPS. On average, research analysts anticipate that Suncor Energy Inc. will post 3.42 EPS for the current year.
Suncor Energy Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders 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. This represents a $1.65 annualized dividend and a dividend yield of 4.67%. The ex-dividend date of this dividend is Wednesday, June 4th. Suncor Energy's dividend payout ratio (DPR) is 45.53%.
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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