Suncor Energy Inc. (NYSE:SU) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board decreased its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 24.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,386,235 shares of the oil and gas producer’s stock after selling 2,066,900 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Suncor Energy were worth $227,664,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. HHM Wealth Advisors LLC grew its holdings in shares of Suncor Energy by 62.1% in the 4th quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer’s stock worth $30,000 after acquiring an additional 325 shares during the last quarter. Crowley Wealth Management Inc. purchased a new stake in shares of Suncor Energy during the fourth quarter valued at $35,000. Lee Danner & Bass Inc. acquired a new position in shares of Suncor Energy in the 4th quarter valued at $36,000. Golden State Wealth Management LLC purchased a new position in Suncor Energy in the 4th quarter worth about $39,000. Finally, Covestor Ltd raised its holdings in Suncor Energy by 30.5% during the 4th quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer’s stock worth $39,000 after buying an additional 256 shares during the period. Institutional investors own 67.37% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $66.00 price objective on shares of Suncor Energy in a research note on Tuesday, January 7th. StockNews.com downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Thursday. Bank of America assumed coverage on Suncor Energy in a research report on Wednesday, February 26th. They issued a “neutral” rating for the company. Finally, Scotiabank upgraded Suncor Energy to a “hold” rating in a report on Wednesday, March 19th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $59.20.

Suncor Energy Trading Up 1.5 %

NYSE SU opened at $33.79 on Thursday. 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 Inc. has a 1-year low of $30.79 and a 1-year high of $41.95. The firm’s fifty day simple moving average is $36.89 and its 200-day simple moving average is $37.90. The company has a market capitalization of $41.80 billion, a PE ratio of 9.79, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.07. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th were paid a $0.399 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date of this dividend was Tuesday, March 4th. Suncor Energy’s dividend payout ratio (DPR) is presently 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.