Suncor Energy Inc. (NYSE:SU) Stake Boosted by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership increased its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,289,019 shares of the oil and gas producer’s stock after acquiring an additional 169,700 shares during the period. Suncor Energy comprises approximately 1.3% of Artisan Partners Limited Partnership’s portfolio, making the stock its 18th biggest holding. Artisan Partners Limited Partnership’s holdings in Suncor Energy were worth $865,885,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. HHM Wealth Advisors LLC raised its stake in shares of Suncor Energy by 62.1% during the 4th quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer’s stock worth $30,000 after purchasing an additional 325 shares in the last quarter. Crowley Wealth Management Inc. bought a new position in Suncor Energy during the fourth quarter valued at approximately $35,000. Lee Danner & Bass Inc. acquired a new stake in Suncor Energy in the fourth quarter valued at approximately $36,000. Golden State Wealth Management LLC bought a new stake in Suncor Energy in the fourth quarter worth approximately $39,000. Finally, Stonebridge Financial Group LLC acquired a new position in shares of Suncor Energy during the 4th quarter worth $45,000. Institutional investors and hedge funds own 67.37% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on SU. Cibc World Mkts raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 11th. Bank of America assumed coverage on Suncor Energy in a research note on Wednesday, February 26th. They set a “neutral” rating for the company. StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a research note on Saturday, March 22nd. Scotiabank raised Suncor Energy to a “hold” rating in a research report on Wednesday, March 19th. Finally, Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Suncor Energy Trading Up 1.0 %

Shares of Suncor Energy stock opened at $38.88 on Thursday. Suncor Energy Inc. has a 1 year low of $33.81 and a 1 year high of $41.95. The company’s fifty day simple moving average is $38.15 and its 200-day simple moving average is $38.15. The company has a market cap of $48.09 billion, a price-to-earnings ratio of 11.27, a PEG ratio of 2.94 and a beta of 1.11. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share 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 expect that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th were paid a dividend of $0.399 per share. The ex-dividend date was Tuesday, March 4th. This represents a $1.60 annualized dividend and a yield of 4.11%. Suncor Energy’s dividend payout ratio is 45.51%.

Suncor Energy Company 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.