Natixis Advisors L.P. Sells 242,107 Shares of Suncor Energy Inc. (NYSE:SU)

Natixis Advisors L.P. trimmed its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 25.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 720,436 shares of the oil and gas producer’s stock after selling 242,107 shares during the period. Natixis Advisors L.P. owned 0.06% of Suncor Energy worth $23,082,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Suncor Energy by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 50,379,614 shares of the oil and gas producer’s stock valued at $1,732,051,000 after buying an additional 731,163 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Suncor Energy by 7.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 20,658,847 shares of the oil and gas producer’s stock valued at $709,835,000 after purchasing an additional 1,356,470 shares in the last quarter. Artisan Partners Limited Partnership grew its stake in shares of Suncor Energy by 1.9% in the third quarter. Artisan Partners Limited Partnership now owns 20,348,705 shares of the oil and gas producer’s stock worth $699,750,000 after acquiring an additional 377,500 shares during the period. The Manufacturers Life Insurance Company grew its position in Suncor Energy by 4.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 19,194,858 shares of the oil and gas producer’s stock worth $663,794,000 after purchasing an additional 762,271 shares during the period. Finally, FMR LLC increased its position in Suncor Energy by 0.3% during the third quarter. FMR LLC now owns 17,248,932 shares of the oil and gas producer’s stock valued at $593,188,000 after acquiring an additional 49,765 shares during the last quarter. Institutional investors own 67.37% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SU. StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. Morgan Stanley upped their price target on Suncor Energy from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.

Suncor Energy Trading Up 0.5 %

Shares of SU opened at $38.24 on Monday. The stock has a market capitalization of $49.22 billion, a PE ratio of 8.14, a P/E/G ratio of 3.38 and a beta of 1.11. The company’s fifty day moving average is $36.94 and its 200 day moving average is $34.05. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.88 and a current ratio of 1.44. Suncor Energy Inc. has a fifty-two week low of $27.59 and a fifty-two week high of $39.73.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its earnings results on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.13. Suncor Energy had a net margin of 16.33% and a return on equity of 16.08%. The firm had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $8.46 billion. During the same period in the previous year, the firm posted $1.33 EPS. Sell-side analysts expect that Suncor Energy Inc. will post 3.77 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 4th were given a dividend of $0.406 per share. The ex-dividend date was Friday, March 1st. This represents a $1.62 annualized dividend and a dividend yield of 4.25%. This is an increase from Suncor Energy’s previous quarterly dividend of $0.39. Suncor Energy’s payout ratio is currently 34.26%.

Suncor Energy Company 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.