CIBC Asset Management Inc trimmed its position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 3.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,409,006 shares of the oil and gas producer's stock after selling 533,449 shares during the quarter. Suncor Energy comprises 1.6% of CIBC Asset Management Inc's investment portfolio, making the stock its 18th biggest position. CIBC Asset Management Inc owned 1.08% of Suncor Energy worth $479,756,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of SU. Eastern Bank acquired a new position in shares of Suncor Energy in the 3rd quarter worth approximately $25,000. HHM Wealth Advisors LLC lifted 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. Golden State Wealth Management LLC acquired a new position in shares of Suncor Energy in the 4th quarter worth approximately $39,000. Stonebridge Financial Group LLC acquired a new position in shares of Suncor Energy in the 4th quarter worth approximately $45,000. Finally, Waldron Private Wealth LLC acquired a new stake in Suncor Energy during the 3rd quarter worth approximately $49,000. 67.37% of the stock is currently owned by institutional investors and hedge funds.
SU stock opened at $39.53 on Monday. Suncor Energy Inc. has a one year low of $31.46 and a one year high of $41.94. The stock has a market capitalization of $49.20 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 2.96 and a beta of 1.12. 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 company has a fifty day moving average of $37.73 and a 200-day moving average of $38.59.
Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released 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 15.33%. As a group, analysts expect that Suncor Energy Inc. will post 3.25 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th will be paid a $0.399 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.04%. The ex-dividend date of this dividend is Tuesday, March 4th. Suncor Energy's dividend payout ratio (DPR) is 46.67%.
A number of equities research analysts have commented on the stock. Desjardins raised 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 research report on Monday, February 10th. Morgan Stanley downgraded shares of Suncor Energy from an "overweight" rating to an "equal weight" rating in a research report on Monday, December 16th. Cibc World Mkts raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. Finally, Tudor Pickering raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Suncor Energy has an average rating of "Moderate Buy" and a consensus price target of $58.00.
Read Our Latest Stock Analysis on SU
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.
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