Suncor Energy Inc. (NYSE:SU) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. cut its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 102,307 shares of the oil and gas producer’s stock after selling 4,237 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Suncor Energy were worth $3,356,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Sanders Capital LLC lifted its holdings in shares of Suncor Energy by 18.7% during the fourth quarter. Sanders Capital LLC now owns 31,000,294 shares of the oil and gas producer’s stock worth $1,065,765,000 after purchasing an additional 4,891,210 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Suncor Energy by 69.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 27,155,100 shares of the oil and gas producer’s stock worth $857,559,000 after purchasing an additional 11,142,227 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of Suncor Energy by 5.7% during the third quarter. CIBC Asset Management Inc now owns 15,994,341 shares of the oil and gas producer’s stock worth $504,578,000 after purchasing an additional 859,989 shares during the period. Beutel Goodman & Co Ltd. lifted its holdings in shares of Suncor Energy by 205.5% during the third quarter. Beutel Goodman & Co Ltd. now owns 13,042,524 shares of the oil and gas producer’s stock worth $411,456,000 after purchasing an additional 8,773,910 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Suncor Energy by 2.9% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,200,771 shares of the oil and gas producer’s stock worth $203,349,000 after purchasing an additional 176,878 shares during the period. 65.46% of the stock is owned by hedge funds and other institutional investors.

Suncor Energy stock opened at $29.78 on Friday. Suncor Energy Inc. has a one year low of $27.28 and a one year high of $34.87. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.58 and a current ratio of 0.94. The business has a fifty day moving average of $32.20 and a two-hundred day moving average of $30.89. The company has a market cap of $45.21 billion, a P/E ratio of 13.92, a price-to-earnings-growth ratio of 2.21 and a beta of 1.10.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th will be issued a $0.35 dividend. The ex-dividend date is Tuesday, March 3rd. This represents a $1.40 dividend on an annualized basis and a yield of 4.70%. This is an increase from Suncor Energy’s previous quarterly dividend of $0.32. Suncor Energy’s dividend payout ratio (DPR) is 59.43%.

Several equities research analysts recently weighed in on SU shares. Raymond James set a $48.00 target price on Suncor Energy and gave the company a “buy” rating in a report on Saturday, November 2nd. Zacks Investment Research downgraded Suncor Energy from a “buy” rating to a “hold” rating and set a $34.00 target price for the company. in a report on Monday, February 10th. Royal Bank of Canada reissued a “buy” rating and issued a $47.00 target price on shares of Suncor Energy in a report on Monday, January 6th. Finally, ValuEngine raised Suncor Energy from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $48.14.

Suncor Energy Profile

Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.

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Institutional Ownership by Quarter for Suncor Energy (NYSE:SU)

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