Suncor Energy Inc. (NYSE:SU) Shares Purchased by Sabal Trust CO

Sabal Trust CO grew its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 8.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 50,427 shares of the oil and gas producer’s stock after buying an additional 3,946 shares during the quarter. Sabal Trust CO’s holdings in Suncor Energy were worth $1,799,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SU. Assenagon Asset Management S.A. lifted its holdings in shares of 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 valued at $123,774,000 after purchasing an additional 3,225,543 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Suncor Energy by 39.9% during the 4th quarter. Principal Financial Group Inc. now owns 9,706,616 shares of the oil and gas producer’s stock worth $346,298,000 after buying an additional 2,767,043 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Suncor Energy by 23.3% during the 3rd 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 during the period. Bank of New York Mellon Corp lifted its stake in Suncor Energy by 104.2% during the fourth quarter. Bank of New York Mellon Corp now owns 3,083,440 shares of the oil and gas producer’s stock valued at $110,017,000 after buying an additional 1,573,726 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of Suncor Energy by 136.2% in 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 during the period. 67.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Suncor Energy Trading Down 1.2 %

Shares of NYSE SU opened at $38.66 on Wednesday. The business has a 50 day simple moving average of $38.06 and a 200 day simple moving average of $38.66. Suncor Energy Inc. has a 52 week low of $33.26 and a 52 week high of $41.94. The stock has a market cap of $48.11 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 2.94 and a beta of 1.12. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 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 15.37%. On average, research analysts predict that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.399 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.60 annualized dividend and a yield of 4.13%. Suncor Energy’s dividend payout ratio (DPR) is currently 45.22%.

About Suncor Energy

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.