Stock Yards Bank & Trust Co. Sells 2,802 Shares of Suncor Energy Inc. (NYSE:SU)

Stock Yards Bank & Trust Co. lessened its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 129,893 shares of the oil and gas producer’s stock after selling 2,802 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Suncor Energy were worth $4,162,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Suncor Energy by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 50,379,614 shares of the oil and gas producer’s stock worth $1,732,051,000 after acquiring an additional 731,163 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Suncor Energy by 7.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 20,658,847 shares of the oil and gas producer’s stock valued at $709,835,000 after purchasing an additional 1,356,470 shares in the last quarter. Artisan Partners Limited Partnership boosted its stake in shares of Suncor Energy by 1.9% during the 3rd quarter. Artisan Partners Limited Partnership now owns 20,348,705 shares of the oil and gas producer’s stock valued at $699,750,000 after purchasing an additional 377,500 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Suncor Energy by 4.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 19,194,858 shares of the oil and gas producer’s stock valued at $663,794,000 after purchasing an additional 762,271 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its stake in shares of Suncor Energy by 9.2% during the 3rd quarter. Mackenzie Financial Corp now owns 18,430,549 shares of the oil and gas producer’s stock valued at $618,071,000 after purchasing an additional 1,558,350 shares in the last quarter. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Trading Up 1.4 %

NYSE:SU opened at $39.08 on Tuesday. Suncor Energy Inc. has a one year low of $27.59 and a one year high of $39.34. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.44 and a quick ratio of 0.88. The company’s 50-day simple moving average is $35.88 and its 200 day simple moving average is $33.74. The firm has a market capitalization of $50.30 billion, a P/E ratio of 8.31, a PEG ratio of 3.40 and a beta of 1.13.

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

Suncor Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 4th were paid a dividend of $0.406 per share. The ex-dividend date was Friday, March 1st. This represents a $1.62 annualized dividend and a yield of 4.16%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.39. Suncor Energy’s payout ratio is presently 34.26%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SU. Morgan Stanley lifted their target price on shares of Suncor Energy from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Suncor Energy currently has an average rating of “Moderate Buy” and a consensus price target of $52.00.

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.