Quantitative Investment Management LLC lessened its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 33.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 268,500 shares of the oil and gas producer’s stock after selling 136,800 shares during the period. Quantitative Investment Management LLC’s holdings in Suncor Energy were worth $9,859,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. 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. Icon Wealth Partners LLC acquired a new position in Suncor Energy in the fourth quarter valued at $181,000. Fishman Jay A Ltd. MI acquired a new position in Suncor Energy in the fourth quarter valued at $202,000. Finally, Carret Asset Management LLC acquired a new position in Suncor Energy in the third quarter valued at $206,000. Institutional investors own 64.72% of the company’s stock.
Shares of Suncor Energy Inc. (SU) opened at $32.56 on Friday. Suncor Energy Inc. has a 52 week low of $27.96 and a 52 week high of $38.39. The company has a quick ratio of 0.64, a current ratio of 1.00 and a debt-to-equity ratio of 0.29. The firm has a market cap of $53,363.53, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 1.99 and a beta of 0.87.
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 given a dividend of $0.286 per share. The ex-dividend date of this dividend is Friday, March 2nd. This is an increase from Suncor Energy’s previous quarterly dividend of $0.25. This represents a $1.14 annualized dividend and a dividend yield of 3.51%. Suncor Energy’s payout ratio is presently 55.29%.
SU has been the subject of several research analyst reports. Piper Jaffray Companies set a $46.00 price target on shares of Suncor Energy and gave the company a “buy” rating in a research note on Friday, February 9th. TD Securities raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Friday, February 9th. Zacks Investment Research downgraded shares of Suncor Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 22nd. JPMorgan Chase & Co. raised shares of Suncor Energy from a “neutral” rating to an “overweight” rating in a research note on Friday, February 9th. Finally, Edward Jones raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Monday, November 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $45.67.
Suncor Energy Company 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.
Want to see what other hedge funds are holding SU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Suncor Energy Inc. (NYSE:SU) (TSE:SU).
Receive News & Ratings for Suncor Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy and related companies with MarketBeat.com's FREE daily email newsletter.