Fox Run Management L.L.C. Reduces Position in Suncor Energy Inc. (NYSE:SU)

Fox Run Management L.L.C. lowered its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 47.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. 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 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Citigroup Inc. grew its position in shares of Suncor Energy by 51.8% during the third quarter. Citigroup Inc. now owns 229,983 shares of the oil and gas producer’s stock worth $8,498,000 after buying an additional 78,482 shares in the last quarter. Cerity Partners LLC boosted its stake in Suncor Energy by 77.9% during the 3rd quarter. Cerity Partners LLC now owns 45,537 shares of the oil and gas producer’s stock valued at $1,681,000 after acquiring an additional 19,939 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its holdings in Suncor Energy by 3.3% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 36,284 shares of the oil and gas producer’s stock worth $1,340,000 after acquiring an additional 1,166 shares in the last quarter. Transamerica Financial Advisors Inc. increased its position in shares of Suncor Energy by 2,311.0% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,977 shares of the oil and gas producer’s stock worth $73,000 after purchasing an additional 1,895 shares during the last quarter. Finally, Bridgewater Associates LP raised its stake in shares of Suncor Energy by 113.4% in the 3rd quarter. Bridgewater Associates LP now owns 983,633 shares of the oil and gas producer’s stock valued at $36,347,000 after purchasing an additional 522,635 shares in the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on SU shares. Tudor Pickering raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Tudor, Pickering, Holt & Co. raised Suncor Energy from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. Cibc World Mkts upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 11th. Scotiabank raised shares of Suncor Energy to a “hold” rating in a report on Wednesday, March 19th. Finally, Morgan Stanley lowered shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

Suncor Energy Stock Up 1.0 %

SU stock opened at $38.88 on Thursday. The stock has a market cap of $48.09 billion, a PE ratio of 11.27, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11. The firm’s 50-day simple moving average is $38.15 and its 200 day simple moving average is $38.15. 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 quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, topping 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%. As a group, sell-side analysts predict that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th were paid a dividend of $0.399 per share. The ex-dividend date 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 presently 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.