River Road Asset Management LLC Sells 57,838 Shares of Suncor Energy Inc. (NYSE:SU)

River Road Asset Management LLC decreased its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 7.2% during the 4th quarter, HoldingsChannel reports. The fund owned 743,033 shares of the oil and gas producer’s stock after selling 57,838 shares during the quarter. River Road Asset Management LLC’s holdings in Suncor Energy were worth $23,807,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SU. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Suncor Energy by 13.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,045 shares of the oil and gas producer’s stock worth $393,000 after buying an additional 1,382 shares during the last quarter. HighTower Advisors LLC raised its holdings in Suncor Energy by 8.9% during the first quarter. HighTower Advisors LLC now owns 31,145 shares of the oil and gas producer’s stock worth $1,013,000 after acquiring an additional 2,544 shares in the last quarter. BlackRock Inc. boosted its position in Suncor Energy by 41.9% during the first quarter. BlackRock Inc. now owns 927,375 shares of the oil and gas producer’s stock valued at $30,223,000 after purchasing an additional 273,853 shares during the last quarter. Raymond James Trust N.A. grew its stake in Suncor Energy by 40.4% in the first quarter. Raymond James Trust N.A. now owns 12,556 shares of the oil and gas producer’s stock valued at $409,000 after purchasing an additional 3,610 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of Suncor Energy by 20.5% during the 1st quarter. Sei Investments Co. now owns 11,827 shares of the oil and gas producer’s stock worth $380,000 after purchasing an additional 2,015 shares during the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Stock Down 0.3 %

SU stock opened at $37.78 on Thursday. Suncor Energy Inc. has a 1-year low of $27.59 and a 1-year high of $39.32. The business’s 50 day simple moving average is $35.50 and its 200 day simple moving average is $33.61. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $48.63 billion, a PE ratio of 8.06, a PEG ratio of 3.31 and a beta of 1.13.

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

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 4th were paid a $0.406 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.62 dividend on an annualized basis and a yield of 4.30%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.39. Suncor Energy’s dividend payout ratio is 34.26%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Morgan Stanley increased their price objective on Suncor Energy from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $52.00.

Suncor Energy 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.