Bridgewater Associates LP Lowers Stock Holdings in Suncor Energy Inc. (NYSE:SU)

Bridgewater Associates LP trimmed its holdings in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 25.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 734,710 shares of the oil and gas producer's stock after selling 248,923 shares during the quarter. Bridgewater Associates LP owned about 0.06% of Suncor Energy worth $26,212,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of SU. HHM Wealth Advisors LLC raised its stake in Suncor Energy by 62.1% in the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer's stock valued at $30,000 after purchasing an additional 325 shares in the last quarter. Crowley Wealth Management Inc. purchased a new stake in shares of Suncor Energy during the 4th quarter valued at $35,000. Lee Danner & Bass Inc. bought a new stake in shares of Suncor Energy during the 4th quarter worth $36,000. Golden State Wealth Management LLC purchased a new position in Suncor Energy in the fourth quarter worth $39,000. Finally, Covestor Ltd increased its stake in Suncor Energy by 30.5% in the fourth quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock valued at $39,000 after acquiring an additional 256 shares during the last quarter. Hedge funds and other institutional investors own 67.37% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Cibc World Mkts upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. StockNews.com lowered Suncor Energy from a "buy" rating to a "hold" rating in a research note on Thursday. Tudor Pickering raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $66.00 target price on shares of Suncor Energy in a report on Tuesday, January 7th. Finally, Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Suncor Energy has an average rating of "Moderate Buy" and an average target price of $59.20.

Suncor Energy Trading Down 0.0 %

Shares of NYSE SU traded down $0.01 during trading hours on Monday, hitting $34.53. The company's stock had a trading volume of 695,259 shares, compared to its average volume of 4,458,625. The business has a 50-day simple moving average of $36.67 and a 200-day simple moving average of $37.84. The stock has a market cap of $42.72 billion, a price-to-earnings ratio of 10.01, a P/E/G 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 Inc. has a 12 month low of $30.79 and a 12 month high of $41.95.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share 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%. On average, analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th were issued a $0.399 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $1.60 annualized dividend and a yield of 4.62%. Suncor Energy's payout ratio is 45.51%.

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.