Lincluden Management Ltd. Has $21.78 Million Position in Suncor Energy Inc. (NYSE:SU)

Lincluden Management Ltd. cut its holdings in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 17.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 679,963 shares of the oil and gas producer's stock after selling 143,562 shares during the period. Suncor Energy accounts for approximately 2.6% of Lincluden Management Ltd.'s portfolio, making the stock its 14th biggest holding. Lincluden Management Ltd. owned 0.05% of Suncor Energy worth $21,781,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SU. Vanguard Group Inc. grew its position in Suncor Energy by 1.5% during the third quarter. Vanguard Group Inc. now owns 50,379,614 shares of the oil and gas producer's stock worth $1,732,051,000 after buying an additional 731,163 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Suncor Energy by 7.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 20,658,847 shares of the oil and gas producer's stock valued at $709,835,000 after purchasing an additional 1,356,470 shares during the period. Artisan Partners Limited Partnership increased its position in shares of Suncor Energy by 1.9% during the third quarter. Artisan Partners Limited Partnership now owns 20,348,705 shares of the oil and gas producer's stock valued at $699,750,000 after purchasing an additional 377,500 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Suncor Energy by 4.1% in the third quarter. The Manufacturers Life Insurance Company now owns 19,194,858 shares of the oil and gas producer's stock valued at $663,794,000 after purchasing an additional 762,271 shares in the last quarter. Finally, FMR LLC lifted its position in Suncor Energy by 0.3% in the third quarter. FMR LLC now owns 17,248,932 shares of the oil and gas producer's stock worth $593,188,000 after purchasing an additional 49,765 shares during the period. Institutional investors and hedge funds own 67.37% of the company's stock.

Suncor Energy Price Performance

Suncor Energy stock traded down $0.05 during trading hours on Friday, hitting $40.09. 5,304,823 shares of the stock were exchanged, compared to its average volume of 3,928,587. The stock has a market capitalization of $51.55 billion, a P/E ratio of 8.93, a P/E/G ratio of 3.55 and a beta of 1.11. The business's 50-day moving average is $37.47 and its two-hundred day moving average is $34.24. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.88 and a current ratio of 1.44. Suncor Energy Inc. has a 12 month low of $27.59 and a 12 month high of $40.69.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its quarterly earnings results on Wednesday, February 21st. The oil and gas producer reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.13. The business had revenue of $10.39 billion for the quarter, compared to analyst estimates of $8.46 billion. Suncor Energy had a return on equity of 15.90% and a net margin of 15.38%. During the same period in the prior year, the company earned $1.33 EPS. Equities research analysts expect that Suncor Energy Inc. will post 3.77 EPS for the current fiscal year.

Suncor Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 25th. Investors of record on Tuesday, June 4th will be issued a $0.395 dividend. The ex-dividend date is Tuesday, June 4th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 3.94%. Suncor Energy's dividend payout ratio is 35.86%.

Analysts Set New Price Targets

SU has been the subject of a number of recent research reports. StockNews.com cut shares of Suncor Energy from a "buy" rating to a "hold" rating in a research note on Wednesday. Morgan Stanley increased their price target on shares of Suncor Energy from $50.00 to $52.00 and gave the stock an "overweight" rating in a research report on Thursday, March 28th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $52.00.

About Suncor Energy

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.