Suncor Energy Inc. (NYSE:SU) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 15.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,425 shares of the oil and gas producer’s stock after selling 2,930 shares during the quarter. Yousif Capital Management LLC’s holdings in Suncor Energy were worth $586,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its holdings in Suncor Energy by 1,324.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 3,469,008 shares of the oil and gas producer’s stock worth $123,774,000 after buying an additional 3,225,543 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Suncor Energy by 23.3% during 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. boosted its holdings in Suncor Energy by 23.0% during 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 in the last quarter. Fisher Asset Management LLC boosted its holdings in Suncor Energy by 136.2% during the third quarter. Fisher Asset Management LLC now owns 1,891,781 shares of the oil and gas producer’s stock worth $69,845,000 after buying an additional 1,090,988 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in Suncor Energy during the third quarter worth about $23,286,000. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SU has been the topic of several recent research reports. Cibc World Mkts raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Desjardins raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $66.00 price target on shares of Suncor Energy in a report on Tuesday, January 7th. Finally, Tudor Pickering raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Suncor Energy Stock Down 1.1 %

Suncor Energy stock opened at $39.53 on Monday. The stock has a market cap of $49.20 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 2.96 and a beta of 1.12. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24. The company’s 50-day moving average price is $37.73 and its two-hundred day moving average price is $38.60. Suncor Energy Inc. has a 52 week low of $31.46 and a 52 week high of $41.94.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.33%. On average, analysts expect that Suncor Energy Inc. will post 3.25 EPS for the current fiscal year.

Suncor Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th will be paid a $0.399 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.60 annualized dividend and a dividend yield of 4.04%. Suncor Energy’s dividend payout ratio is currently 46.67%.

Suncor Energy 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.