Lincluden Management Ltd. Lowers Holdings in Suncor Energy Inc. (NYSE:SU)

Lincluden Management Ltd. lowered its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 627,334 shares of the oil and gas producer’s stock after selling 7,000 shares during the quarter. Suncor Energy accounts for 2.7% of Lincluden Management Ltd.’s holdings, making the stock its 13th largest holding. Lincluden Management Ltd. owned 0.05% of Suncor Energy worth $22,392,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SU. South Dakota Investment Council purchased a new stake in Suncor Energy in the 4th quarter valued at about $1,998,000. Panview Capital Ltd acquired a new stake in shares of Suncor Energy during the fourth quarter valued at about $12,096,000. Oxbow Advisors LLC raised its stake in shares of Suncor Energy by 3.4% in the 4th quarter. Oxbow Advisors LLC now owns 98,652 shares of the oil and gas producer’s stock valued at $3,520,000 after acquiring an additional 3,253 shares during the period. Arcadia Investment Management Corp MI lifted its holdings in shares of Suncor Energy by 2.1% in the 4th quarter. Arcadia Investment Management Corp MI now owns 273,437 shares of the oil and gas producer’s stock worth $9,756,000 after acquiring an additional 5,612 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its position in shares of Suncor Energy by 15.0% during the 4th quarter. Allianz Asset Management GmbH now owns 3,402,981 shares of the oil and gas producer’s stock worth $121,406,000 after purchasing an additional 442,760 shares during the period. Institutional investors and hedge funds own 67.37% of the company’s stock.

Analyst Ratings Changes

SU has been the topic of a number of research analyst reports. StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. Tudor, Pickering, Holt & Co. upgraded Suncor Energy from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Tudor Pickering upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $66.00 price target on shares of Suncor Energy in a research note on Tuesday, January 7th. Finally, Morgan Stanley lowered shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Suncor Energy has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

Suncor Energy Stock Performance

Shares of Suncor Energy stock opened at $39.12 on Tuesday. The business has a 50-day simple moving average of $38.01 and a 200-day simple moving average of $38.66. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33. Suncor Energy Inc. has a one year low of $33.26 and a one year high of $41.94. The company has a market cap of $48.68 billion, a PE ratio of 11.34, a P/E/G ratio of 2.94 and a beta of 1.12.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS for the quarter, topping the consensus estimate of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. On average, equities research analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th will be issued a $0.399 dividend. This represents a $1.60 annualized dividend and a yield of 4.08%. The ex-dividend date is Tuesday, March 4th. Suncor Energy’s dividend payout ratio (DPR) is presently 45.22%.

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.