Suncor Energy Inc. (NYSE:SU) Position Lowered by Guardian Capital LP

Guardian Capital LP decreased its position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 3.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,188,063 shares of the oil and gas producer's stock after selling 85,042 shares during the quarter. Suncor Energy makes up approximately 2.9% of Guardian Capital LP's portfolio, making the stock its 8th largest holding. Guardian Capital LP owned 0.18% of Suncor Energy worth $78,063,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp raised its stake in shares of Suncor Energy by 86.0% in the fourth quarter. Jones Financial Companies Lllp now owns 67,848 shares of the oil and gas producer's stock valued at $2,421,000 after acquiring an additional 31,366 shares during the last quarter. Sage Investment Counsel LLC acquired a new stake in shares of Suncor Energy in the fourth quarter valued at $300,000. J.W. Cole Advisors Inc. acquired a new position in Suncor Energy during the 4th quarter worth about $236,000. Bank of New York Mellon Corp increased its position in Suncor Energy by 104.2% in the 4th 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 acquiring an additional 1,573,726 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Suncor Energy by 2.3% during the fourth 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 purchasing an additional 99,669 shares in the last quarter. Institutional investors own 67.37% of the company's stock.

Analyst Ratings Changes

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

Suncor Energy Trading Down 3.2 %

SU stock traded down $1.15 during midday trading on Monday, hitting $34.91. The company had a trading volume of 3,480,272 shares, compared to its average volume of 4,486,994. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The stock's 50 day moving average price is $35.85 and its 200 day moving average price is $37.55. The stock has a market cap of $43.04 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 2.94 and a beta of 0.79. Suncor Energy Inc. has a 52 week low of $30.79 and a 52 week high of $41.95.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) for the quarter, topping 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%. As a group, equities research analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th were paid a $0.399 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.57%. The ex-dividend date was Tuesday, March 4th. Suncor Energy's dividend payout ratio is currently 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.