Suncor Energy Inc. (NYSE:SU) Stake Lowered by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. cut its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 15.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,401 shares of the oil and gas producer’s stock after selling 1,517 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Suncor Energy were worth $300,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. HHM Wealth Advisors LLC boosted its position in shares of Suncor Energy by 62.1% during the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer’s stock worth $30,000 after buying an additional 325 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of Suncor Energy during the fourth quarter worth approximately $39,000. Stonebridge Financial Group LLC acquired a new position in shares of Suncor Energy during the fourth quarter worth approximately $45,000. UMB Bank n.a. boosted its position in shares of Suncor Energy by 27.5% during the fourth quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer’s stock worth $50,000 after buying an additional 300 shares during the period. Finally, Private Trust Co. NA boosted its position in shares of Suncor Energy by 50.2% during the fourth quarter. Private Trust Co. NA now owns 1,705 shares of the oil and gas producer’s stock worth $61,000 after buying an additional 570 shares during the period. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SU shares. StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday. Royal Bank of Canada restated an “outperform” rating and issued a $66.00 target price on shares of Suncor Energy in a research report on Tuesday, January 7th. Desjardins upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Tudor Pickering upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Finally, Morgan Stanley downgraded Suncor Energy from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 16th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Suncor Energy has an average rating of “Moderate Buy” and a consensus price target of $58.00.

Suncor Energy Price Performance

Shares of NYSE:SU opened at $35.81 on Friday. Suncor Energy Inc. has a one year low of $33.81 and a one year high of $41.94. The stock has a fifty day moving average of $38.29 and a 200-day moving average of $38.41. The company has a market capitalization of $44.30 billion, a PE ratio of 10.38, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11. 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 (NYSE:SU) (TSE:SU) last announced its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 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%. As a group, equities analysts anticipate that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th will be issued a $0.399 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.46%. Suncor Energy’s payout ratio is currently 45.51%.

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.