Capital Research Global Investors Has $174.04 Million Position in Suncor Energy Inc. (NYSE:SU)

Capital Research Global Investors raised its position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 0.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,875,659 shares of the oil and gas producer's stock after buying an additional 9,811 shares during the period. Capital Research Global Investors owned 0.39% of Suncor Energy worth $174,037,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its holdings in shares of Suncor Energy by 86.0% in the 4th quarter. Jones Financial Companies Lllp now owns 67,848 shares of the oil and gas producer's stock worth $2,421,000 after acquiring an additional 31,366 shares in the last quarter. Sage Investment Counsel LLC bought a new stake in shares of Suncor Energy during the fourth quarter worth $300,000. J.W. Cole Advisors Inc. bought a new stake in shares of Suncor Energy during the fourth quarter worth $236,000. Bank of New York Mellon Corp raised its holdings in shares of Suncor Energy by 104.2% in the fourth quarter. Bank of New York Mellon Corp now owns 3,083,440 shares of the oil and gas producer's stock valued at $110,017,000 after buying an additional 1,573,726 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Suncor Energy by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,457,325 shares of the oil and gas producer's stock worth $159,030,000 after acquiring an additional 99,669 shares during the last quarter. 67.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. StockNews.com lowered shares of Suncor Energy from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Tudor Pickering raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Cibc World Mkts upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Scotiabank upgraded shares of Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Finally, Bank of America started coverage on Suncor Energy in a research note on Wednesday, February 26th. They issued a "neutral" rating on the stock. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $59.20.

Suncor Energy Trading Down 0.1 %

NYSE:SU traded down $0.02 on Friday, reaching $35.58. The company's stock had a trading volume of 2,459,519 shares, compared to its average volume of 4,471,841. Suncor Energy Inc. has a 1-year low of $30.79 and a 1-year high of $41.95. The business's 50-day moving average price is $36.23 and its two-hundred day moving average price is $37.71. The firm has a market cap of $44.02 billion, a PE ratio of 10.31, a PEG ratio of 2.94 and a beta of 0.79. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.07. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. Equities research analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th were given a dividend of $0.399 per share. This represents a $1.60 annualized dividend and a dividend yield of 4.49%. The ex-dividend date was Tuesday, March 4th. Suncor Energy's dividend payout ratio is 45.51%.

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.