Suncor Energy Inc. (NYSE:SU) Position Lowered by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership reduced its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 24.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,959,444 shares of the oil and gas producer’s stock after selling 2,953,965 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Suncor Energy were worth $319,506,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. X Square Capital LLC raised its position in shares of Suncor Energy by 0.3% during the 4th quarter. X Square Capital LLC now owns 82,720 shares of the oil and gas producer’s stock valued at $2,951,000 after acquiring an additional 267 shares in the last quarter. Easterly Investment Partners LLC raised its holdings in shares of Suncor Energy by 1.0% during the fourth quarter. Easterly Investment Partners LLC now owns 256,532 shares of the oil and gas producer’s stock worth $9,153,000 after purchasing an additional 2,418 shares during the period. Artisan Partners Limited Partnership lifted its position in shares of Suncor Energy by 0.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 24,289,019 shares of the oil and gas producer’s stock worth $865,885,000 after buying an additional 169,700 shares during the last quarter. Mufg Securities Canada LTD. boosted its holdings in shares of Suncor Energy by 70.3% in the 4th quarter. Mufg Securities Canada LTD. now owns 1,919,654 shares of the oil and gas producer’s stock valued at $68,477,000 after buying an additional 792,130 shares during the period. Finally, Zions Bancorporation N.A. grew its position in shares of Suncor Energy by 38.3% during the 4th quarter. Zions Bancorporation N.A. now owns 32,862 shares of the oil and gas producer’s stock valued at $1,173,000 after buying an additional 9,101 shares during the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Price Performance

NYSE SU opened at $38.36 on Friday. Suncor Energy Inc. has a 12 month low of $33.81 and a 12 month high of $41.95. The firm has a market capitalization of $47.45 billion, a PE ratio of 11.12, a P/E/G ratio of 2.94 and a beta of 1.11. The company’s 50 day simple moving average is $38.13 and its 200 day simple moving average is $38.17. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86.

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 (EPS) for the quarter, beating the consensus estimate 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, equities research analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th were issued a $0.399 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date was Tuesday, March 4th. Suncor Energy’s payout ratio is 45.51%.

Analysts Set New Price Targets

A number of equities analysts have commented on SU shares. Scotiabank upgraded Suncor Energy to a “hold” rating in a research note on Wednesday, March 19th. StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research note on Saturday, March 22nd. Morgan Stanley cut Suncor Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. Finally, Cibc World Mkts upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 11th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Suncor Energy has a consensus rating of “Moderate Buy” and a consensus price target of $59.20.

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.