Gateway Investment Advisers LLC trimmed its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 43.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,978 shares of the oil and gas producer’s stock after selling 7,698 shares during the period. Gateway Investment Advisers LLC’s holdings in Suncor Energy were worth $366,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in SU. Advisory Services Network LLC grew its holdings in shares of Suncor Energy by 3.9% during the second quarter. Advisory Services Network LLC now owns 6,470 shares of the oil and gas producer’s stock worth $189,000 after purchasing an additional 245 shares in the last quarter. Peapack Gladstone Financial Corp lifted its position in Suncor Energy by 3.2% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 13,593 shares of the oil and gas producer’s stock worth $397,000 after buying an additional 417 shares during the last quarter. UBS Asset Management Americas Inc. lifted its position in Suncor Energy by 13.7% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,658 shares of the oil and gas producer’s stock worth $136,000 after buying an additional 562 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in Suncor Energy by 6.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 25,828 shares of the oil and gas producer’s stock valued at $905,000 after purchasing an additional 1,530 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Suncor Energy by 0.6% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 264,985 shares of the oil and gas producer’s stock valued at $7,422,000 after purchasing an additional 1,600 shares during the last quarter. Institutional investors own 65.69% of the company’s stock.
Suncor Energy Inc. (SU) opened at $33.37 on Tuesday. Suncor Energy Inc. has a 1-year low of $27.96 and a 1-year high of $38.39. The company has a quick ratio of 0.64, a current ratio of 1.00 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $54,800.00, a P/E ratio of 15.67, a PEG ratio of 2.47 and a beta of 0.80.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Monday, March 5th will be paid a dividend of $0.286 per share. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.25. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend is Friday, March 2nd. Suncor Energy’s dividend payout ratio (DPR) is currently 47.42%.
A number of equities analysts recently commented on the company. Canaccord Genuity restated a “buy” rating and set a $51.00 target price on shares of Suncor Energy in a report on Thursday, October 26th. Edward Jones raised Suncor Energy from a “hold” rating to a “buy” rating in a research note on Monday, November 20th. Piper Jaffray Companies set a $46.00 price target on Suncor Energy and gave the stock a “buy” rating in a research note on Friday. TD Securities raised Suncor Energy from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Zacks Investment Research raised Suncor Energy from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Saturday, January 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $46.67.
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Suncor Energy Profile
Suncor Energy Inc is a Canada-based integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.
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