CWA Asset Management Group LLC Sells 13,948 Shares of Suncor Energy Inc. $SU

CWA Asset Management Group LLC decreased its stake in Suncor Energy Inc. (NYSE:SUFree Report) (TSE:SU) by 11.8% during the 4th quarter, HoldingsChannel reports. The fund owned 103,831 shares of the oil and gas producer’s stock after selling 13,948 shares during the period. CWA Asset Management Group LLC’s holdings in Suncor Energy were worth $4,606,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fisher Asset Management LLC grew its position in Suncor Energy by 85.5% in the 3rd quarter. Fisher Asset Management LLC now owns 15,530,965 shares of the oil and gas producer’s stock worth $649,350,000 after purchasing an additional 7,158,953 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Suncor Energy by 62.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 13,335,239 shares of the oil and gas producer’s stock valued at $557,682,000 after buying an additional 5,113,280 shares during the last quarter. Canada Pension Plan Investment Board raised its position in shares of Suncor Energy by 29.5% during the second quarter. Canada Pension Plan Investment Board now owns 10,555,381 shares of the oil and gas producer’s stock valued at $395,649,000 after buying an additional 2,406,000 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new stake in shares of Suncor Energy in the second quarter valued at about $74,767,000. Finally, Alyeska Investment Group L.P. lifted its stake in shares of Suncor Energy by 334.8% in the third quarter. Alyeska Investment Group L.P. now owns 2,590,863 shares of the oil and gas producer’s stock valued at $108,324,000 after buying an additional 1,995,007 shares during the period. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Stock Performance

NYSE:SU opened at $63.74 on Friday. The firm has a market capitalization of $75.84 billion, a PE ratio of 18.37 and a beta of 0.43. The company has a quick ratio of 0.89, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. Suncor Energy Inc. has a 12-month low of $30.79 and a 12-month high of $64.63. The firm has a 50-day moving average price of $54.95 and a 200 day moving average price of $46.77.

Suncor Energy (NYSE:SUGet Free Report) (TSE:SU) last released its quarterly earnings data on Tuesday, February 3rd. The oil and gas producer reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. Suncor Energy had a return on equity of 12.51% and a net margin of 11.99%.The company had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $8.79 billion. During the same period in the previous year, the business earned $1.25 earnings per share. Research analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $2.40 annualized dividend and a yield of 3.8%. Suncor Energy’s payout ratio is currently 50.72%.

Key Stories Impacting Suncor Energy

Here are the key news stories impacting Suncor Energy this week:

Analyst Ratings Changes

Several brokerages recently issued reports on SU. Wall Street Zen lowered Suncor Energy from a “buy” rating to a “hold” rating in a research note on Sunday, December 28th. Zacks Research downgraded Suncor Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Weiss Ratings reissued a “buy (b)” rating on shares of Suncor Energy in a report on Monday, December 29th. JPMorgan Chase & Co. upgraded Suncor Energy from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $46.15 to $54.00 in a research report on Tuesday, January 20th. Finally, The Goldman Sachs Group raised their target price on Suncor Energy from $55.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $63.67.

Get Our Latest Stock Analysis on Suncor Energy

About Suncor Energy

(Free Report)

Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company’s operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.

Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.

Further Reading

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Institutional Ownership by Quarter for Suncor Energy (NYSE:SU)

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