Suncor Energy Inc. $SU Position Decreased by Lazard Asset Management LLC

Lazard Asset Management LLC lowered its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 1.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 2,895,460 shares of the oil and gas producer’s stock after selling 43,710 shares during the quarter. Lazard Asset Management LLC’s holdings in Suncor Energy were worth $191,534,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SU. Family Manage LLC boosted its holdings in Suncor Energy by 10.5% during the first quarter. Family Manage LLC now owns 7,404 shares of the oil and gas producer’s stock worth $489,000 after buying an additional 701 shares in the last quarter. Gateway Wealth Partners LLC bought a new position in shares of Suncor Energy in the first quarter valued at $328,000. OMERS ADMINISTRATION Corp bought a new position in shares of Suncor Energy in the first quarter valued at $78,350,000. Waverly Advisors LLC increased its holdings in shares of Suncor Energy by 10.6% in the first quarter. Waverly Advisors LLC now owns 12,697 shares of the oil and gas producer’s stock valued at $839,000 after buying an additional 1,220 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Suncor Energy by 238.9% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,758,650 shares of the oil and gas producer’s stock valued at $512,987,000 after acquiring an additional 5,469,431 shares during the last quarter. 67.37% of the stock is currently owned by institutional investors.

Suncor Energy Price Performance

NYSE SU opened at $65.84 on Monday. The company has a 50 day simple moving average of $60.91 and a 200-day simple moving average of $59.48. Suncor Energy Inc. has a 52-week low of $37.76 and a 52-week high of $70.29. The firm has a market capitalization of $77.74 billion, a price-to-earnings ratio of 17.28, a price-to-earnings-growth ratio of 0.49 and a beta of 0.30. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.42 and a quick ratio of 0.92.

Suncor Energy (NYSE:SU) (TSE:SU) last released its earnings results on Tuesday, May 5th. The oil and gas producer reported $1.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.04). Suncor Energy had a return on equity of 13.96% and a net margin of 12.29%.The company had revenue of $10.41 billion during the quarter, compared to analysts’ expectations of $9.22 billion. During the same quarter in the previous year, the company earned $1.31 EPS. Equities research analysts predict that Suncor Energy Inc. will post 7.11 earnings per share for the current fiscal year.

Suncor Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 4th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Thursday, June 4th. Suncor Energy’s dividend payout ratio (DPR) is currently 45.41%.

Wall Street Analyst Weigh In

SU has been the subject of several research reports. Desjardins raised Suncor Energy to a “moderate buy” rating in a research note on Thursday, July 16th. Wall Street Zen upgraded shares of Suncor Energy from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 12th. Weiss Ratings lowered shares of Suncor Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 14th. ATB Cormark Capital Markets raised Suncor Energy from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, April 1st. Finally, Zacks Research raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Suncor Energy has an average rating of “Buy” and an average price target of $71.67.

Suncor Energy Company Profile

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.