Suncor Energy Inc. (NYSE:SU) Shares Sold by Fox Run Management L.L.C.

Fox Run Management L.L.C. lowered its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 47.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,933 shares of the oil and gas producer’s stock after selling 7,940 shares during the period. Fox Run Management L.L.C.’s holdings in Suncor Energy were worth $319,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SU. Sanctuary Advisors LLC grew its holdings in shares of Suncor Energy by 32.3% during the third quarter. Sanctuary Advisors LLC now owns 82,204 shares of the oil and gas producer’s stock worth $3,035,000 after buying an additional 20,081 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Suncor Energy by 86.0% during the fourth quarter. Jones Financial Companies Lllp now owns 67,848 shares of the oil and gas producer’s stock worth $2,421,000 after acquiring an additional 31,366 shares during the last quarter. Sage Investment Counsel LLC purchased a new stake in Suncor Energy in the 4th quarter worth approximately $300,000. J.W. Cole Advisors Inc. acquired a new position in Suncor Energy in the 4th quarter valued at $236,000. Finally, Bank of New York Mellon Corp raised its holdings in Suncor Energy by 104.2% in the 4th quarter. Bank of New York Mellon Corp now owns 3,083,440 shares of the oil and gas producer’s stock valued at $110,017,000 after acquiring an additional 1,573,726 shares during the last quarter. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Bank of America initiated coverage on Suncor Energy in a research report on Wednesday, February 26th. They issued a “neutral” rating for the company. Cibc World Mkts raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 11th. Tudor Pickering raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Saturday, March 22nd. Finally, Scotiabank upgraded shares of Suncor Energy to a “hold” rating in a report on Wednesday, March 19th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

Suncor Energy Stock Up 1.0 %

Shares of Suncor Energy stock opened at $38.88 on Thursday. The company has a fifty day moving average price of $38.15 and a 200 day moving average price of $38.15. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. Suncor Energy Inc. has a twelve month low of $33.81 and a twelve month high of $41.95. The stock has a market cap of $48.09 billion, a price-to-earnings ratio of 11.27, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.07. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. Equities research analysts forecast that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th were paid a dividend of $0.399 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.11%. Suncor Energy’s dividend payout ratio is currently 45.51%.

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.