Choreo LLC Boosts Position in Suncor Energy Inc. (NYSE:SU)

Choreo LLC boosted its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 138.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,193 shares of the oil and gas producer’s stock after purchasing an additional 8,815 shares during the period. Choreo LLC’s holdings in Suncor Energy were worth $541,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Toronto Dominion Bank increased its stake in shares of Suncor Energy by 1.8% in the 3rd quarter. Toronto Dominion Bank now owns 18,546,207 shares of the oil and gas producer’s stock worth $684,726,000 after purchasing an additional 333,440 shares in the last quarter. CIBC Asset Management Inc grew its holdings in Suncor Energy by 1.3% during the third quarter. CIBC Asset Management Inc now owns 13,942,455 shares of the oil and gas producer’s stock valued at $516,728,000 after purchasing an additional 180,533 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in Suncor Energy by 23.3% in the third 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 buying an additional 1,829,936 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Suncor Energy by 23.0% in the third quarter. Principal Financial Group Inc. now owns 6,939,573 shares of the oil and gas producer’s stock worth $256,429,000 after buying an additional 1,296,142 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Suncor Energy by 7.6% during the 3rd quarter. Geode Capital Management LLC now owns 5,891,596 shares of the oil and gas producer’s stock valued at $220,955,000 after buying an additional 413,797 shares in the last quarter. 67.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SU has been the subject of several analyst reports. Morgan Stanley lowered shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Royal Bank of Canada reissued an “outperform” rating and issued a $66.00 price objective on shares of Suncor Energy in a research note on Tuesday, January 7th. Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Monday. Finally, StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Suncor Energy Stock Performance

SU opened at $40.65 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.04 and a current ratio of 1.59. The stock has a market capitalization of $50.59 billion, a price-to-earnings ratio of 11.78, a PEG ratio of 2.96 and a beta of 1.12. The company has a fifty day moving average of $37.64 and a 200 day moving average of $38.56. Suncor Energy Inc. has a fifty-two week low of $31.25 and a fifty-two week high of $41.94.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings data 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 return on equity of 15.33% and a net margin of 11.80%. As a group, sell-side analysts forecast that Suncor Energy Inc. will post 3.25 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th will be paid a $0.399 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date is Tuesday, March 4th. Suncor Energy’s payout ratio is 46.67%.

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.