Suncor Energy Inc. (NYSE:SU) Shares Sold by Duality Advisers LP

Duality Advisers LP lessened its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 76.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,835 shares of the oil and gas producer’s stock after selling 48,724 shares during the quarter. Duality Advisers LP’s holdings in Suncor Energy were worth $475,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Suncor Energy by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 50,379,614 shares of the oil and gas producer’s stock valued at $1,732,051,000 after acquiring an additional 731,163 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Suncor Energy by 7.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 20,658,847 shares of the oil and gas producer’s stock valued at $709,835,000 after acquiring an additional 1,356,470 shares during the last quarter. Artisan Partners Limited Partnership boosted its position in shares of Suncor Energy by 1.9% during the 3rd quarter. Artisan Partners Limited Partnership now owns 20,348,705 shares of the oil and gas producer’s stock valued at $699,750,000 after acquiring an additional 377,500 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Suncor Energy by 4.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 19,194,858 shares of the oil and gas producer’s stock valued at $663,794,000 after acquiring an additional 762,271 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its position in shares of Suncor Energy by 9.2% during the 3rd quarter. Mackenzie Financial Corp now owns 18,430,549 shares of the oil and gas producer’s stock valued at $618,071,000 after acquiring an additional 1,558,350 shares during the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Stock Up 0.4 %

Shares of SU opened at $39.44 on Friday. The firm has a market cap of $50.77 billion, a P/E ratio of 8.39, a price-to-earnings-growth ratio of 3.46 and a beta of 1.13. Suncor Energy Inc. has a 12-month low of $27.59 and a 12-month high of $39.63. The company’s 50-day moving average price is $36.32 and its 200 day moving average price is $33.86. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.26.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings data on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.13. The firm had revenue of $10.39 billion for the quarter, compared to analyst estimates of $8.46 billion. Suncor Energy had a net margin of 16.33% and a return on equity of 16.08%. During the same period in the previous year, the firm earned $1.33 EPS. On average, sell-side analysts forecast that Suncor Energy Inc. will post 3.78 earnings per share for the current year.

Suncor Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 4th were paid a dividend of $0.406 per share. The ex-dividend date was Friday, March 1st. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.39. This represents a $1.62 dividend on an annualized basis and a yield of 4.12%. Suncor Energy’s dividend payout ratio is 34.26%.

Analyst Upgrades and Downgrades

SU has been the topic of several recent research reports. Morgan Stanley boosted their price target on shares of Suncor Energy from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. StockNews.com upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Suncor Energy has an average rating of “Moderate Buy” and a consensus price target of $52.00.

Suncor Energy 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.