State of Wisconsin Investment Board decreased its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 3.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,095,404 shares of the oil and gas producer’s stock after selling 74,654 shares during the period. State of Wisconsin Investment Board’s holdings in Suncor Energy were worth $77,180,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SeaCrest Wealth Management LLC bought a new position in Suncor Energy in the 4th quarter worth about $100,000. Cerebellum GP LLC bought a new position in Suncor Energy in the 4th quarter worth about $134,000. UBS Asset Management Americas Inc. grew its position in Suncor Energy by 13.7% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,658 shares of the oil and gas producer’s stock worth $136,000 after purchasing an additional 562 shares during the last quarter. Forward Management LLC bought a new position in Suncor Energy in the 3rd quarter worth about $154,000. Finally, Advisory Services Network LLC grew its position in Suncor Energy by 3.9% in the 2nd quarter. Advisory Services Network LLC now owns 6,470 shares of the oil and gas producer’s stock worth $189,000 after purchasing an additional 245 shares during the last quarter. Hedge funds and other institutional investors own 65.69% of the company’s stock.
Several research firms have commented on SU. Piper Jaffray Companies set a $46.00 target price on shares of Suncor Energy and gave the stock a “buy” rating in a research report on Friday, February 9th. TD Securities upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Friday, February 9th. JPMorgan Chase & Co. upgraded shares of Suncor Energy from a “neutral” rating to an “overweight” rating in a research report on Friday, February 9th. Zacks Investment Research upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Saturday, January 20th. Finally, AltaCorp Capital restated a “hold” rating and issued a $51.00 target price on shares of Suncor Energy in a research report on Monday, January 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Suncor Energy has a consensus rating of “Buy” and a consensus target price of $46.67.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Monday, March 5th will be paid a $0.286 dividend. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.25. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend is Friday, March 2nd. Suncor Energy’s dividend payout ratio is currently 46.98%.
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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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