Envestnet Asset Management Inc. lowered its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 7.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 73,450 shares of the oil and gas producer’s stock after selling 5,783 shares during the period. Envestnet Asset Management Inc.’s holdings in Suncor Energy were worth $2,696,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. Mackenzie Financial Corp lifted its holdings in Suncor Energy by 139.2% during the 4th quarter. Mackenzie Financial Corp now owns 4,707,475 shares of the oil and gas producer’s stock worth $172,858,000 after buying an additional 2,739,650 shares in the last quarter. APG Asset Management N.V. lifted its holdings in Suncor Energy by 53.9% during the 4th quarter. APG Asset Management N.V. now owns 7,248,085 shares of the oil and gas producer’s stock worth $222,332,000 after buying an additional 2,537,800 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Suncor Energy by 19.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 15,055,215 shares of the oil and gas producer’s stock worth $552,828,000 after buying an additional 2,495,585 shares in the last quarter. Picton Mahoney Asset Management acquired a new stake in Suncor Energy during the 4th quarter worth approximately $69,523,000. Finally, Brown Advisory Inc. lifted its holdings in Suncor Energy by 303.8% during the 4th quarter. Brown Advisory Inc. now owns 1,664,244 shares of the oil and gas producer’s stock worth $61,111,000 after buying an additional 1,252,072 shares in the last quarter. 65.62% of the stock is owned by hedge funds and other institutional investors.
Shares of SU opened at $36.11 on Friday. Suncor Energy Inc. has a twelve month low of $27.96 and a twelve month high of $38.39. The firm has a market capitalization of $56,526.67, a PE ratio of 23.91, a PEG ratio of 2.42 and a beta of 0.82. The company has a current ratio of 1.00, a quick ratio of 0.64 and a debt-to-equity ratio of 0.29.
Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings data on Thursday, February 8th. The oil and gas producer reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.07. Suncor Energy had a net margin of 13.93% and a return on equity of 7.15%. The business had revenue of $7.12 billion for the quarter, compared to analyst estimates of $6.43 billion. equities analysts expect that Suncor Energy Inc. will post 1.67 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, March 26th. Investors of record on Monday, March 5th were given a $0.286 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.17%. This is an increase from Suncor Energy’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, March 2nd. Suncor Energy’s dividend payout ratio (DPR) is 76.16%.
A number of equities research analysts have issued reports on SU shares. TD Securities upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Friday, February 9th. Zacks Investment Research upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Saturday, January 20th. Piper Jaffray restated a “buy” rating and issued a $47.00 price objective on shares of Suncor Energy in a report on Wednesday, January 24th. JPMorgan Chase upgraded shares of Suncor Energy from a “neutral” rating to an “overweight” rating in a report on Friday, February 9th. Finally, AltaCorp Capital restated a “hold” rating and issued a $51.00 price objective on shares of Suncor Energy in a report on Monday, January 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the company. Suncor Energy currently has a consensus rating of “Buy” and an average target price of $46.44.
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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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