Swiss National Bank Has $135.71 Million Stake in Suncor Energy Inc. (NYSE:SU)

Swiss National Bank reduced its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 4.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,228,292 shares of the oil and gas producer’s stock after selling 189,600 shares during the period. Swiss National Bank owned 0.33% of Suncor Energy worth $135,711,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SU. Vanguard Group Inc. lifted its position in shares of Suncor Energy by 1.5% in the third quarter. Vanguard Group Inc. now owns 50,379,614 shares of the oil and gas producer’s stock valued at $1,732,051,000 after buying an additional 731,163 shares during the last quarter. Ninepoint Partners LP bought a new position in Suncor Energy in the 3rd quarter valued at about $77,355,000. JPMorgan Chase & Co. boosted its holdings in shares of Suncor Energy by 13.3% during the third quarter. JPMorgan Chase & Co. now owns 5,348,348 shares of the oil and gas producer’s stock worth $183,876,000 after acquiring an additional 628,262 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Suncor Energy by 1,689.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 565,339 shares of the oil and gas producer’s stock valued at $18,118,000 after purchasing an additional 533,754 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Suncor Energy by 0.3% during the third quarter. FMR LLC now owns 17,248,932 shares of the oil and gas producer’s stock worth $593,188,000 after purchasing an additional 49,765 shares during the period. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on SU. StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. Morgan Stanley raised their target price on shares of Suncor Energy from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

Suncor Energy Stock Performance

Shares of Suncor Energy stock opened at $38.24 on Friday. The stock has a market cap of $49.22 billion, a price-to-earnings ratio of 8.14, a P/E/G ratio of 3.36 and a beta of 1.11. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.26. Suncor Energy Inc. has a twelve month low of $27.59 and a twelve month high of $39.73. The company’s fifty day moving average is $36.86 and its 200 day moving average is $34.03.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings results on Wednesday, February 21st. The oil and gas producer reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.13. Suncor Energy had a return on equity of 16.08% and a net margin of 16.33%. The firm 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 company posted $1.33 EPS. Sell-side analysts forecast that Suncor Energy Inc. will post 3.77 EPS for the current year.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 4th were issued a dividend of $0.406 per share. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.62 annualized dividend and a yield of 4.25%. Suncor Energy’s dividend payout ratio (DPR) is presently 34.26%.

Suncor Energy 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.