Crossmark Global Holdings Inc. Cuts Stake in Suncor Energy Inc. (NYSE:SU)

Crossmark Global Holdings Inc. lowered its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 327,884 shares of the oil and gas producer’s stock after selling 7,190 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Suncor Energy were worth $11,699,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Eastern Bank purchased a new stake in shares of Suncor Energy during the 3rd quarter worth $25,000. Waldron Private Wealth LLC acquired a new stake in shares of Suncor Energy during the 3rd quarter worth approximately $49,000. UMB Bank n.a. boosted its position in Suncor Energy by 27.5% during the fourth quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer’s stock worth $50,000 after purchasing an additional 300 shares in the last quarter. Transamerica Financial Advisors Inc. lifted its stake in Suncor Energy by 2,311.0% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,977 shares of the oil and gas producer’s stock valued at $73,000 after buying an additional 1,895 shares in the last quarter. Finally, Mattson Financial Services LLC acquired a new position in Suncor Energy during the second quarter worth about $82,000. Institutional investors own 67.37% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on SU shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $66.00 price target on shares of Suncor Energy in a research report on Tuesday, January 7th. Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. StockNews.com upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Finally, Morgan Stanley lowered shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Suncor Energy presently has a consensus rating of “Moderate Buy” and an average target price of $58.00.

Suncor Energy Stock Down 0.1 %

SU stock opened at $39.02 on Tuesday. The firm has a market cap of $48.57 billion, a price-to-earnings ratio of 8.50, a PEG ratio of 3.35 and a beta of 1.12. Suncor Energy Inc. has a 1-year low of $31.03 and a 1-year high of $41.94. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 1.04. The firm has a fifty day moving average price of $38.07 and a two-hundred day moving average price of $38.52.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd were given a dividend of $0.4089 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This is a boost from Suncor Energy’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 4.19%. Suncor Energy’s dividend payout ratio (DPR) is 35.08%.

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.