Cambiar Investors LLC Decreases Stock Position in Suncor Energy Inc. (NYSE:SU)

Cambiar Investors LLC decreased its position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 17.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 761,234 shares of the oil and gas producer's stock after selling 155,659 shares during the quarter. Cambiar Investors LLC owned approximately 0.06% of Suncor Energy worth $24,390,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in SU. Arlington Trust Co LLC purchased a new stake in shares of Suncor Energy in the third quarter worth $29,000. Optiver Holding B.V. purchased a new stake in shares of Suncor Energy in the third quarter worth $29,000. Sunbelt Securities Inc. purchased a new stake in shares of Suncor Energy in the first quarter worth $31,000. Headinvest LLC purchased a new stake in shares of Suncor Energy in the third quarter worth $40,000. Finally, Private Trust Co. NA grew its stake in shares of Suncor Energy by 38.4% in the third quarter. Private Trust Co. NA now owns 1,222 shares of the oil and gas producer's stock worth $42,000 after acquiring an additional 339 shares during the last quarter. Institutional investors own 67.37% of the company's stock.

Analyst Ratings Changes

Separately, Morgan Stanley increased their price objective on Suncor Energy from $50.00 to $52.00 and gave the company an "overweight" rating in a research report on Thursday, March 28th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $52.00.

Suncor Energy Stock Performance

Shares of Suncor Energy stock traded up $0.43 during trading on Friday, hitting $39.00. 2,751,641 shares of the company's stock traded hands, compared to its average volume of 4,263,269. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.44 and a quick ratio of 0.88. Suncor Energy Inc. has a 1 year low of $27.59 and a 1 year high of $39.02. The stock has a market capitalization of $50.23 billion, a P/E ratio of 8.30, a PEG ratio of 3.63 and a beta of 1.13. The business has a 50-day simple moving average of $34.60 and a 200-day simple moving average of $33.39.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its earnings results on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.13. The business had revenue of $10.39 billion for the quarter, compared to analysts' expectations of $8.46 billion. Suncor Energy had a return on equity of 16.08% and a net margin of 16.33%. During the same period last year, the firm posted $1.33 earnings per share. As a group, analysts forecast that Suncor Energy Inc. will post 3.58 EPS for the current year.

Suncor Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 4th were given a $0.406 dividend. This represents a $1.62 annualized dividend and a yield of 4.16%. This is a boost from Suncor Energy's previous quarterly dividend of $0.39. The ex-dividend date was Friday, March 1st. Suncor Energy's dividend payout ratio (DPR) is presently 34.26%.

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.