O Shaughnessy Asset Management LLC Lowers Position in Suncor Energy Inc. (NYSE:SU)

O Shaughnessy Asset Management LLC cut its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 5.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 493,254 shares of the oil and gas producer’s stock after selling 27,951 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Suncor Energy were worth $17,593,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. HHM Wealth Advisors LLC boosted its stake in shares of Suncor Energy by 62.1% during the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer’s stock valued at $30,000 after purchasing an additional 325 shares during the period. Crowley Wealth Management Inc. purchased a new stake in shares of Suncor Energy during the 4th quarter worth $35,000. Lee Danner & Bass Inc. bought a new stake in shares of Suncor Energy in the 4th quarter valued at about $36,000. Golden State Wealth Management LLC acquired a new stake in Suncor Energy in the fourth quarter valued at approximately $39,000. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of Suncor Energy in the 4th quarter worth $45,000. 67.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. Bank of America began coverage on shares of Suncor Energy in a research note on Wednesday, February 26th. They set a “neutral” rating for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $66.00 price target on shares of Suncor Energy in a report on Tuesday, January 7th. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Saturday, March 22nd. Cibc World Mkts upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 11th. Finally, Morgan Stanley lowered shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 16th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Suncor Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.20.

Suncor Energy Stock Down 0.7 %

SU opened at $38.36 on Monday. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. Suncor Energy Inc. has a twelve month low of $33.81 and a twelve month high of $41.95. The company has a market cap of $47.45 billion, a PE ratio of 11.12, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11. The company has a 50-day moving average price of $38.13 and a 200 day moving average price of $38.19.

Suncor Energy (NYSE:SU) (TSE:SU) last released its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share 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%. Sell-side analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.399 per share. The ex-dividend date was Tuesday, March 4th. This represents a $1.60 annualized dividend and a yield of 4.16%. Suncor Energy’s dividend payout ratio (DPR) is presently 45.51%.

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.