Natixis Advisors LLC Has $38.33 Million Stake in Suncor Energy Inc. (NYSE:SU)

Natixis Advisors LLC decreased its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 7.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,074,374 shares of the oil and gas producer’s stock after selling 89,413 shares during the quarter. Natixis Advisors LLC owned 0.09% of Suncor Energy worth $38,334,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of SU. Assenagon Asset Management S.A. increased its holdings in Suncor Energy by 1,324.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,469,008 shares of the oil and gas producer’s stock valued at $123,774,000 after buying an additional 3,225,543 shares during the period. Principal Financial Group Inc. increased its holdings in Suncor Energy by 39.9% in the 4th quarter. Principal Financial Group Inc. now owns 9,706,616 shares of the oil and gas producer’s stock valued at $346,298,000 after buying an additional 2,767,043 shares during the period. Jupiter Asset Management Ltd. increased its holdings in Suncor Energy by 2,061.8% in the 4th quarter. Jupiter Asset Management Ltd. now owns 2,438,291 shares of the oil and gas producer’s stock valued at $86,990,000 after buying an additional 2,325,503 shares during the period. Fisher Asset Management LLC increased its holdings in Suncor Energy by 97.4% in the 4th quarter. Fisher Asset Management LLC now owns 3,734,572 shares of the oil and gas producer’s stock valued at $133,250,000 after buying an additional 1,842,791 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Suncor Energy by 23.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,695,560 shares of the oil and gas producer’s stock valued at $357,827,000 after buying an additional 1,829,936 shares during the period. Institutional investors and hedge funds own 67.37% of the company’s stock.

Analysts Set New Price Targets

SU has been the topic of several recent analyst reports. Bank of America initiated coverage on shares of Suncor Energy in a report on Wednesday, February 26th. They issued a “neutral” rating on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $66.00 target price on shares of Suncor Energy in a report on Tuesday, January 7th. StockNews.com lowered shares of Suncor Energy from a “buy” rating to a “hold” rating in a report on Friday. Morgan Stanley lowered shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Finally, Tudor Pickering raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Suncor Energy Trading Up 2.3 %

SU opened at $36.63 on Monday. Suncor Energy Inc. has a fifty-two week low of $33.81 and a fifty-two week high of $41.95. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. The firm has a market capitalization of $45.32 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 2.94 and a beta of 1.11. The company’s 50 day moving average price is $38.29 and its two-hundred day moving average price is $38.22.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. As a group, research analysts predict that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th will be given a $0.399 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.36%. Suncor Energy’s dividend payout ratio (DPR) is currently 45.51%.

About Suncor Energy

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.