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

Natixis Advisors LLC lessened its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 7.7% during the fourth quarter, Holdings Channel reports. The fund owned 1,074,374 shares of the oil and gas producer’s stock after selling 89,413 shares during the quarter. Natixis Advisors LLC’s holdings in Suncor Energy were worth $38,334,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Intact Investment Management Inc. lifted its position in shares of Suncor Energy by 1.2% during the 4th quarter. Intact Investment Management Inc. now owns 2,131,184 shares of the oil and gas producer’s stock valued at $76,062,000 after acquiring an additional 24,730 shares during the period. Aviso Financial Inc. lifted its position in shares of Suncor Energy by 5.9% during the 4th quarter. Aviso Financial Inc. now owns 147,055 shares of the oil and gas producer’s stock valued at $5,248,000 after acquiring an additional 8,257 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of Suncor Energy by 9.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 47,345 shares of the oil and gas producer’s stock valued at $1,689,000 after acquiring an additional 4,057 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Suncor Energy by 4.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,132,812 shares of the oil and gas producer’s stock valued at $361,227,000 after acquiring an additional 437,252 shares during the period. Finally, Jupiter Asset Management Ltd. lifted its position in shares of Suncor Energy by 2,061.8% during 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 acquiring an additional 2,325,503 shares during the period. Institutional investors and hedge funds own 67.37% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on SU. Royal Bank of Canada restated an “outperform” rating and set a $66.00 price target on shares of Suncor Energy in a research note on Tuesday, January 7th. Tudor Pickering upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. Morgan Stanley lowered shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. Finally, StockNews.com lowered shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Friday. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Suncor Energy Price Performance

SU opened at $36.63 on Monday. The firm has a market cap of $45.32 billion, a P/E ratio of 10.62, a PEG ratio of 2.94 and a beta of 1.11. The firm has a 50-day moving average of $38.29 and a 200 day moving average of $38.22. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33. Suncor Energy Inc. has a fifty-two week low of $33.81 and a fifty-two week high of $41.95.

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

Suncor Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th will be given a dividend of $0.399 per share. The ex-dividend date is Tuesday, March 4th. This represents a $1.60 annualized dividend and a yield of 4.36%. Suncor Energy’s payout ratio 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.