Suncor Energy Inc. (NYSE:SU) is Guardian Capital LP's 8th Largest Position

Guardian Capital LP cut its holdings in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). 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 about 2.9% of Guardian Capital LP's investment portfolio, making the stock its 8th largest position. Guardian Capital LP owned approximately 0.18% of Suncor Energy worth $78,063,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC boosted its position in Suncor Energy by 62.1% during 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 fourth quarter valued at about $35,000. Lee Danner & Bass Inc. bought a new stake in shares of Suncor Energy in the 4th quarter valued at about $36,000. Golden State Wealth Management LLC bought a new stake in shares of Suncor Energy in the 4th quarter valued at about $39,000. Finally, Covestor Ltd grew its position in shares of Suncor Energy by 30.5% in the 4th quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock worth $39,000 after buying an additional 256 shares during the last quarter. 67.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SU has been the subject of several recent analyst reports. Tudor Pickering upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Cibc World Mkts raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. Tudor, Pickering, Holt & Co. raised Suncor Energy from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Bank of America started coverage on Suncor Energy in a report on Wednesday, February 26th. They issued a "neutral" rating for the company. Finally, StockNews.com lowered Suncor Energy from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $59.20.

Suncor Energy Stock Performance

Shares of NYSE:SU traded up $0.33 during trading on Friday, hitting $36.03. The stock had a trading volume of 4,664,783 shares, compared to its average volume of 4,485,951. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. Suncor Energy Inc. has a 12-month low of $30.79 and a 12-month high of $41.95. The stock has a market capitalization of $44.43 billion, a price-to-earnings ratio of 10.44, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79. The stock has a 50-day simple moving average of $35.85 and a two-hundred day simple moving average of $37.57.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. On average, 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. Shareholders of record on Tuesday, March 4th were issued a $0.399 dividend. This represents a $1.60 annualized dividend and a yield of 4.43%. The ex-dividend date was Tuesday, March 4th. 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.