US Bancorp DE Trims Stock Holdings in Suncor Energy Inc. (NYSE:SU)

US Bancorp DE lessened its position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 23.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 72,312 shares of the oil and gas producer's stock after selling 22,543 shares during the period. US Bancorp DE's holdings in Suncor Energy were worth $2,800,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. raised its position in Suncor Energy by 65.0% in the 1st quarter. Principal Financial Group Inc. now owns 16,018,129 shares of the oil and gas producer's stock valued at $620,136,000 after buying an additional 6,311,513 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in Suncor Energy by 18.6% during the 1st quarter. Mackenzie Financial Corp now owns 15,377,546 shares of the oil and gas producer's stock worth $595,398,000 after acquiring an additional 2,410,857 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Suncor Energy by 500.4% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,453,314 shares of the oil and gas producer's stock worth $87,459,000 after acquiring an additional 2,044,680 shares in the last quarter. AustralianSuper Pty Ltd lifted its position in shares of Suncor Energy by 1,025.0% during the first quarter. AustralianSuper Pty Ltd now owns 2,149,643 shares of the oil and gas producer's stock valued at $83,248,000 after purchasing an additional 1,958,570 shares in the last quarter. Finally, Two Sigma Investments LP lifted its position in shares of Suncor Energy by 168.8% during the fourth quarter. Two Sigma Investments LP now owns 1,729,654 shares of the oil and gas producer's stock valued at $61,714,000 after purchasing an additional 1,086,065 shares in the last quarter. Institutional investors own 67.37% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Suncor Energy from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $66.00.

Suncor Energy Stock Performance

Shares of NYSE SU traded down $0.20 during mid-day trading on Thursday, reaching $39.03. 3,526,213 shares of the company's stock were exchanged, compared to its average volume of 3,377,630. The firm has a 50-day moving average price of $38.76 and a two-hundred day moving average price of $37.38. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.26 and a quick ratio of 0.84. The firm has a market capitalization of $47.54 billion, a price-to-earnings ratio of 12.01, a price-to-earnings-growth ratio of 3.45 and a beta of 0.84. Suncor Energy Inc. has a 52 week low of $30.79 and a 52 week high of $41.94.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its earnings results on Tuesday, August 5th. The oil and gas producer reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.01. Suncor Energy had a net margin of 11.35% and a return on equity of 13.21%. The firm had revenue of $8.81 billion for the quarter, compared to analysts' expectations of $11.56 billion. During the same period in the previous year, the company earned $1.27 earnings per share. Analysts predict that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be given a dividend of $0.4135 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 4.2%. This is a boost from Suncor Energy's previous quarterly dividend of $0.41. Suncor Energy's payout ratio is currently 51.08%.

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.