Suncor Energy Inc. (NYSE:SU) Shares Sold by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc lessened its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 4.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 97,040 shares of the oil and gas producer’s stock after selling 4,500 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Suncor Energy were worth $3,494,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. boosted its holdings in shares of Suncor Energy by 1,324.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 3,469,008 shares of the oil and gas producer’s stock valued at $123,774,000 after acquiring an additional 3,225,543 shares during the period. Principal Financial Group Inc. raised its position in Suncor Energy by 39.9% in the 4th quarter. Principal Financial Group Inc. now owns 9,706,616 shares of the oil and gas producer’s stock valued at $346,298,000 after purchasing an additional 2,767,043 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Suncor Energy by 23.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,695,560 shares of the oil and gas producer’s stock worth $357,827,000 after purchasing an additional 1,829,936 shares during the period. Bank of New York Mellon Corp grew its position in Suncor Energy by 104.2% during the 4th quarter. Bank of New York Mellon Corp now owns 3,083,440 shares of the oil and gas producer’s stock worth $110,017,000 after purchasing an additional 1,573,726 shares during the last quarter. Finally, Fisher Asset Management LLC increased its stake in Suncor Energy by 136.2% in the third quarter. Fisher Asset Management LLC now owns 1,891,781 shares of the oil and gas producer’s stock valued at $69,845,000 after purchasing an additional 1,090,988 shares during the period. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Trading Down 1.0 %

NYSE:SU opened at $38.26 on Thursday. Suncor Energy Inc. has a 1 year low of $33.26 and a 1 year high of $41.94. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33. The stock has a fifty day moving average price of $38.13 and a two-hundred day moving average price of $38.65. The stock has a market capitalization of $47.62 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 2.94 and a beta of 1.12.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. As a group, sell-side analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th will be given a $0.399 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.60 annualized dividend and a dividend yield of 4.17%. Suncor Energy’s dividend payout ratio is currently 45.22%.

Analyst Ratings Changes

Several brokerages have recently weighed in on SU. Tudor Pickering upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Desjardins raised Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Bank of America started coverage on Suncor Energy in a report on Wednesday. They issued a “neutral” rating on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $66.00 price target on shares of Suncor Energy in a report on Tuesday, January 7th. Finally, StockNews.com lowered shares of Suncor Energy from a “buy” rating to a “hold” rating in a research report on Tuesday. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $58.00.

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.