Suncor Energy Inc. (NYSE:SU) Position Decreased by Panview Asian Equity Master Fund

Panview Asian Equity Master Fund cut its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 354,000 shares of the oil and gas producer’s stock after selling 17,000 shares during the period. Suncor Energy comprises about 7.6% of Panview Asian Equity Master Fund’s holdings, making the stock its 6th largest position. Panview Asian Equity Master Fund’s holdings in Suncor Energy were worth $11,342,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Arlington Trust Co LLC acquired a new position in Suncor Energy in the 3rd quarter valued at $29,000. Optiver Holding B.V. acquired a new stake in Suncor Energy in the 3rd quarter valued at about $29,000. Headinvest LLC purchased a new position in Suncor Energy during the 3rd quarter valued at about $40,000. Private Trust Co. NA raised its position in Suncor Energy by 38.4% during the third quarter. Private Trust Co. NA now owns 1,222 shares of the oil and gas producer’s stock worth $42,000 after acquiring an additional 339 shares during the last quarter. Finally, Bruce G. Allen Investments LLC purchased a new stake in shares of Suncor Energy in the fourth quarter valued at about $46,000. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Suncor Energy Trading Up 0.2 %

SU stock traded up $0.07 during midday trading on Tuesday, hitting $39.15. The stock had a trading volume of 2,884,864 shares, compared to its average volume of 4,319,148. The company’s 50-day moving average price is $36.03 and its 200 day moving average price is $33.79. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.44 and a quick ratio of 0.88. The firm has a market cap of $50.40 billion, a PE ratio of 8.33, a price-to-earnings-growth ratio of 3.40 and a beta of 1.13. Suncor Energy Inc. has a 12-month low of $27.59 and a 12-month high of $39.34.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings data on Wednesday, February 21st. The oil and gas producer reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.13. Suncor Energy had a return on equity of 16.08% and a net margin of 16.33%. The business had revenue of $10.39 billion during the quarter, compared to the consensus estimate of $8.46 billion. During the same quarter in the previous year, the business earned $1.33 earnings per share. On average, equities research analysts predict that Suncor Energy Inc. will post 3.78 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 4th were paid a dividend of $0.406 per share. The ex-dividend date was Friday, March 1st. This represents a $1.62 dividend on an annualized basis and a yield of 4.15%. This is an increase from Suncor Energy’s previous quarterly dividend of $0.39. Suncor Energy’s dividend payout ratio (DPR) is currently 34.26%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SU. Morgan Stanley raised their price objective on shares of Suncor Energy from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $52.00.

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.