Suncor Energy Inc. $SU Stock Holdings Trimmed by Fiera Capital Corp

Fiera Capital Corp reduced its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 11.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,373,156 shares of the oil and gas producer’s stock after selling 183,534 shares during the quarter. Fiera Capital Corp owned approximately 0.12% of Suncor Energy worth $60,967,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Research Global Investors increased its holdings in Suncor Energy by 0.3% in the fourth quarter. Capital Research Global Investors now owns 4,973,331 shares of the oil and gas producer’s stock valued at $220,739,000 after buying an additional 13,028 shares during the last quarter. Avise Financial Cooperative Inc. bought a new stake in Suncor Energy in the fourth quarter valued at about $378,000. Vise Technologies Inc. increased its holdings in Suncor Energy by 5.8% in the fourth quarter. Vise Technologies Inc. now owns 105,215 shares of the oil and gas producer’s stock valued at $4,667,000 after buying an additional 5,771 shares during the last quarter. State of Wyoming increased its holdings in Suncor Energy by 133.2% in the fourth quarter. State of Wyoming now owns 22,328 shares of the oil and gas producer’s stock valued at $992,000 after buying an additional 12,752 shares during the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in Suncor Energy in the fourth quarter valued at about $371,000. 67.37% of the stock is owned by institutional investors.

Suncor Energy Stock Performance

Shares of SU stock opened at $62.28 on Monday. The company has a quick ratio of 0.92, a current ratio of 1.42 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average of $65.31 and a two-hundred day moving average of $55.84. Suncor Energy Inc. has a 52 week low of $36.60 and a 52 week high of $70.29. The company has a market cap of $73.54 billion, a P/E ratio of 16.35 and a beta of 0.27.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its earnings results on Tuesday, May 5th. The oil and gas producer reported $1.41 EPS for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.04). Suncor Energy had a net margin of 12.29% and a return on equity of 13.96%. The company had revenue of $10.41 billion during the quarter, compared to analyst estimates of $9.22 billion. During the same quarter in the previous year, the firm earned $1.31 earnings per share. As a group, analysts anticipate that Suncor Energy Inc. will post 7.07 EPS for the current year.

Suncor Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Thursday, June 4th. Suncor Energy’s payout ratio is presently 45.41%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Weiss Ratings lowered Suncor Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday. Zacks Research lowered Suncor Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. The Goldman Sachs Group lowered Suncor Energy from a “buy” rating to a “neutral” rating and set a $72.00 price objective for the company. in a report on Friday. ATB Cormark Capital Markets raised Suncor Energy from a “hold” rating to a “moderate buy” rating in a report on Wednesday, April 1st. Finally, Royal Bank Of Canada boosted their price objective on Suncor Energy from $75.00 to $89.00 and gave the company an “outperform” rating in a report on Wednesday, April 1st. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.