Suncor Energy Inc. (NYSE:SU) Shares Sold by Guardian Capital LP

Guardian Capital LP cut its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 3.7% in the 4th quarter, Holdings Channel reports. The firm owned 2,188,063 shares of the oil and gas producer’s stock after selling 85,042 shares during the period. Suncor Energy accounts for about 2.9% of Guardian Capital LP’s holdings, making the stock its 8th largest position. Guardian Capital LP’s holdings in Suncor Energy were worth $78,063,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Jones Financial Companies Lllp lifted its stake in 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 during the last quarter. Sage Investment Counsel LLC bought a new position in shares of Suncor Energy in the 4th quarter valued at $300,000. J.W. Cole Advisors Inc. acquired a new stake in shares of Suncor Energy during the 4th quarter valued at $236,000. Bank of New York Mellon Corp grew its position in Suncor Energy by 104.2% during the 4th 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Suncor Energy by 2.3% in the 4th 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 purchasing an additional 99,669 shares in the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Price Performance

SU stock opened at $35.74 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. The firm has a market cap of $44.07 billion, a price-to-earnings ratio of 10.36, a PEG ratio of 2.94 and a beta of 0.79. The company’s fifty day simple moving average is $36.05 and its 200 day simple moving average is $37.63. Suncor Energy Inc. has a 12-month low of $30.79 and a 12-month high of $41.95.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (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%. On average, analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th were given a dividend of $0.399 per share. This represents a $1.60 annualized dividend and a dividend yield of 4.47%. The ex-dividend date of this dividend was Tuesday, March 4th. Suncor Energy’s dividend payout ratio (DPR) is 45.51%.

Analyst Upgrades and Downgrades

SU has been the topic of a number of recent research reports. StockNews.com lowered Suncor Energy from a “buy” rating to a “hold” rating in a research note on Thursday, April 17th. Royal Bank of Canada reiterated an “outperform” rating and set a $66.00 target price on shares of Suncor Energy in a research report on Tuesday, January 7th. Bank of America initiated coverage on shares of Suncor Energy in a research report on Wednesday, February 26th. They issued a “neutral” rating for the company. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Finally, Scotiabank upgraded Suncor Energy to a “hold” rating in a report on Wednesday, March 19th. Five investment 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 stock. Based on data from MarketBeat.com, Suncor Energy has a consensus rating of “Moderate Buy” and an average price target of $59.20.

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.