Natixis Advisors L.P. sold 61,849 shares of Suncor Energy Inc. (SU:NYE) (TSE:SU) during the fourth quarter, reducing its holdings by 7.7%, according to the firm’s latest Form 13F filing with the Securities and Exchange Commission (SEC). The company owned 737,631 shares of Suncor stock worth $23,405,000 as of its most recent SEC filing.
Hedge Funds & Institutional Holdings:
Other hedge funds have also made changes to their positions in the company. Hanson & Doremus Investment Management raised its holdings by 143.5% in the fourth quarter, while Howard Financial Services LTD. acquired a new position in the third quarter worth $29,000. Toth Financial Advisory Corp increased its position by 42.9% during the fourth quarter, and Thomas J. Herzfeld Advisors Inc. purchased a new stake in the third quarter worth approximately $40,000. Finally, CENTRAL TRUST Co raised its holdings in Suncor Energy by 122.2% in the third quarter.
Suncor Stock Price Analysis:
According to analysts, Suncor stock has a consensus rating of “Hold” and a consensus target price of $54.56. Suncor Energy opened at $31.85 on Tuesday, with a market cap of $42.41 billion, a price-to-earnings ratio of 6.36, a price-to-earnings-growth ratio of 0.66, and a beta of 1.27.
The company’s fifty-day moving average price is $32.53, and its 200-day moving average price is $32.46. The oil and gas producer reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.07. The company had revenue of $10.21 billion for the quarter, compared to analyst estimates of $9.65 billion.
Suncor Stock Dividend:
Suncor Energy recently declared a quarterly dividend of $0.391, which was paid on March 24th to stockholders of record on March 3rd. The ex-dividend date of this dividend was March 2nd, representing a dividend yield of 4.91% and an annualized dividend of $1.56. The company’s dividend payout ratio is currently 30.34%.
Suncor Energy Inc. operates as an integrated energy company in Canada 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. Suncor Energy Inc. was founded in 1917 and is headquartered in Calgary, Canada.