NewGen Asset Management Ltd Has $143,000 Stock Holdings in Suncor Energy Inc. (NYSE:SU)

NewGen Asset Management Ltd cut its holdings in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 97.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,000 shares of the oil and gas producer's stock after selling 166,000 shares during the quarter. Suncor Energy accounts for 0.1% of NewGen Asset Management Ltd's holdings, making the stock its 26th largest position. NewGen Asset Management Ltd's holdings in Suncor Energy were worth $143,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. 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 valued at $2,421,000 after purchasing an additional 31,366 shares in the last quarter. Sage Investment Counsel LLC bought a new position in Suncor Energy in the fourth quarter valued at about $300,000. J.W. Cole Advisors Inc. acquired a new position in Suncor Energy during the fourth quarter worth about $236,000. Bank of New York Mellon Corp raised its stake in Suncor Energy by 104.2% during the fourth quarter. Bank of New York Mellon Corp now owns 3,083,440 shares of the oil and gas producer's stock worth $110,017,000 after acquiring an additional 1,573,726 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Suncor Energy by 2.3% in 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 acquiring an additional 99,669 shares during the last quarter. 67.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SU shares. Royal Bank of Canada reiterated an "outperform" rating and set a $66.00 price objective on shares of Suncor Energy in a research report on Tuesday, January 7th. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Cibc World Mkts upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. Bank of America began coverage on Suncor Energy in a report on Wednesday, February 26th. They issued a "neutral" rating for the company. Finally, Tudor Pickering upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a report 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 given a strong buy rating to the company. Based on data from MarketBeat.com, Suncor Energy has a consensus rating of "Moderate Buy" and a consensus target price of $59.20.

Suncor Energy Trading Up 0.7 %

Shares of Suncor Energy stock traded up $0.26 during midday trading on Friday, reaching $35.96. The company had a trading volume of 2,635,985 shares, compared to its average volume of 4,471,950. The stock has a fifty day moving average price of $35.90 and a 200 day moving average price of $37.58. Suncor Energy Inc. has a fifty-two week low of $30.79 and a fifty-two week high of $41.95. The firm has a market cap of $44.33 billion, a PE ratio of 10.42, 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 current ratio of 1.33 and a quick ratio of 0.86.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued 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 analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th were given a $0.399 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.44%. The ex-dividend date of this dividend was Tuesday, March 4th. Suncor Energy's dividend payout ratio (DPR) is presently 45.51%.

Suncor Energy Company 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.