AMP Capital Investors Ltd lessened its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 14.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 733,077 shares of the oil and gas producer’s stock after selling 119,360 shares during the quarter. AMP Capital Investors Ltd’s holdings in Suncor Energy were worth $27,003,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the stock. SeaCrest Wealth Management LLC acquired a new position in Suncor Energy in the fourth quarter valued at $100,000. Cerebellum GP LLC acquired a new position in Suncor Energy in the fourth quarter valued at $134,000. IFG Advisory LLC acquired a new position in Suncor Energy in the fourth quarter valued at $371,000. Icon Wealth Partners LLC acquired a new position in Suncor Energy in the fourth quarter valued at $181,000. Finally, Fishman Jay A Ltd. MI acquired a new position in Suncor Energy in the fourth quarter valued at $202,000. 64.72% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Suncor Energy Inc. (NYSE SU) opened at $32.56 on Friday. Suncor Energy Inc. has a 12 month low of $27.96 and a 12 month high of $38.39. The firm has a market cap of $53,420.00, a PE ratio of 15.65, a PEG ratio of 1.98 and a beta of 0.87. The company has a current ratio of 1.00, a quick ratio of 0.64 and a debt-to-equity ratio of 0.29.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Monday, March 5th will be paid a dividend of $0.286 per share. This is an increase from Suncor Energy’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $1.14 annualized dividend and a dividend yield of 3.51%. Suncor Energy’s dividend payout ratio is 55.29%.
Several equities analysts have issued reports on SU shares. TD Securities downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating and set a $50.00 price objective for the company. in a research note on Thursday, November 16th. Zacks Investment Research downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Monday, November 20th. Edward Jones upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Monday, November 20th. AltaCorp Capital restated a “hold” rating and issued a $51.00 price objective on shares of Suncor Energy in a research note on Monday, January 15th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $47.00 target price on shares of Suncor Energy in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Suncor Energy currently has an average rating of “Buy” and a consensus price target of $45.67.
Suncor Energy Profile
Suncor Energy Inc is a Canada-based integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.
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