National Bank of Canada FI Increases Stock Position in Suncor Energy Inc. (NYSE:SU)

National Bank of Canada FI lifted its position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,095,017 shares of the oil and gas producer's stock after buying an additional 156,289 shares during the period. National Bank of Canada FI owned approximately 0.78% of Suncor Energy worth $324,058,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Invesco Ltd. boosted its stake in Suncor Energy by 35.0% in the third quarter. Invesco Ltd. now owns 16,466,624 shares of the oil and gas producer's stock valued at $566,123,000 after acquiring an additional 4,271,009 shares in the last quarter. Alberta Investment Management Corp increased its position in Suncor Energy by 113.8% during the 3rd quarter. Alberta Investment Management Corp now owns 7,630,881 shares of the oil and gas producer's stock valued at $263,614,000 after buying an additional 4,062,019 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in Suncor Energy by 307.1% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,338,858 shares of the oil and gas producer's stock valued at $114,869,000 after buying an additional 2,518,758 shares during the last quarter. Ninepoint Partners LP acquired a new stake in Suncor Energy in the third quarter worth about $77,355,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Suncor Energy by 51.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,083,473 shares of the oil and gas producer's stock worth $209,198,000 after acquiring an additional 2,060,129 shares during the last quarter. Institutional investors own 67.37% of the company's stock.

Suncor Energy Stock Performance

Shares of SU stock traded up $0.19 during trading hours on Friday, hitting $38.24. The company's stock had a trading volume of 3,435,852 shares, compared to its average volume of 3,786,945. The stock has a market cap of $49.22 billion, a PE ratio of 8.14, a price-to-earnings-growth ratio of 3.36 and a beta of 1.11. Suncor Energy Inc. has a 12-month low of $27.59 and a 12-month high of $39.73. The company has a 50 day moving average of $36.94 and a 200 day moving average of $34.05. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.26.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its quarterly earnings results on Wednesday, February 21st. The oil and gas producer reported $0.93 EPS for the quarter, beating the consensus estimate of $0.80 by $0.13. The company had revenue of $10.39 billion for the quarter, compared to analyst estimates of $8.46 billion. Suncor Energy had a net margin of 16.33% and a return on equity of 16.08%. During the same period in the prior year, the company earned $1.33 earnings per share. On average, sell-side analysts forecast that Suncor Energy Inc. will post 3.77 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 4th were given a dividend of $0.406 per share. This is a boost from Suncor Energy's previous quarterly dividend of $0.39. This represents a $1.62 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend was Friday, March 1st. Suncor Energy's dividend payout ratio (DPR) is currently 34.26%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. StockNews.com raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Friday, April 12th. Morgan Stanley boosted their price objective on shares of Suncor Energy from $50.00 to $52.00 and gave the company an "overweight" rating in a report on Thursday, March 28th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $52.00.

Suncor Energy Company 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.