TD Waterhouse Canada Inc. lessened its holdings in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 1.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,500,169 shares of the oil and gas producer's stock after selling 62,801 shares during the period. Suncor Energy accounts for 1.3% of TD Waterhouse Canada Inc.'s portfolio, making the stock its 21st largest position. TD Waterhouse Canada Inc. owned 0.36% of Suncor Energy worth $160,065,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Covestor Ltd increased its holdings in Suncor Energy by 30.5% in the 4th quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock valued at $39,000 after buying an additional 256 shares during the period. Principal Securities Inc. increased its position in Suncor Energy by 2.2% during the 4th quarter. Principal Securities Inc. now owns 12,423 shares of the oil and gas producer's stock worth $443,000 after purchasing an additional 265 shares in the last quarter. X Square Capital LLC lifted its stake in Suncor Energy by 0.3% in the 4th quarter. X Square Capital LLC now owns 82,720 shares of the oil and gas producer's stock valued at $2,951,000 after purchasing an additional 267 shares during the last quarter. UMB Bank n.a. boosted its position in Suncor Energy by 27.5% in the fourth quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer's stock valued at $50,000 after buying an additional 300 shares in the last quarter. Finally, Freedom Investment Management Inc. grew its position in Suncor Energy by 2.0% during the 4th quarter. Freedom Investment Management Inc. now owns 15,344 shares of the oil and gas producer's stock worth $547,000 after acquiring an additional 302 shares during the last quarter. Institutional investors own 67.37% of the company's stock.
Wall Street Analyst Weigh In
SU has been the subject of a number of analyst reports. Tudor, Pickering, Holt & Co. upgraded Suncor Energy from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Bank of America began coverage on shares of Suncor Energy in a research report on Wednesday, February 26th. They set a "neutral" rating for the company. Cibc World Mkts upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Scotiabank upgraded Suncor Energy to a "hold" rating in a research note on Wednesday, March 19th. 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 assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Suncor Energy currently has an average rating of "Moderate Buy" and a consensus target price of $59.20.
View Our Latest Report on Suncor Energy
Suncor Energy Price Performance
SU traded down $0.02 on Friday, reaching $35.58. The company had a trading volume of 2,459,519 shares, compared to its average volume of 4,471,841. The business has a 50 day simple moving average of $36.23 and a 200 day simple moving average of $37.71. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33. The company has a market cap of $44.02 billion, a price-to-earnings ratio of 10.31, a P/E/G 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 released its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS for the quarter, beating analysts' consensus estimates 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, sell-side analysts anticipate that Suncor Energy Inc. will post 3.42 EPS for the current 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 paid 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 (DPR) is presently 45.51%.
Suncor Energy Profile
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Free Report)
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.
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