Crossmark Global Holdings Inc. Has $13.71 Million Holdings in Suncor Energy Inc. $SU

Crossmark Global Holdings Inc. cut its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 309,127 shares of the oil and gas producer’s stock after selling 20,563 shares during the period. Crossmark Global Holdings Inc.’s holdings in Suncor Energy were worth $13,713,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Atlantic Edge Private Wealth Management LLC raised its position in Suncor Energy by 54.9% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 635 shares of the oil and gas producer’s stock worth $28,000 after acquiring an additional 225 shares in the last quarter. Richardson Financial Services Inc. raised its position in Suncor Energy by 64.1% during the third quarter. Richardson Financial Services Inc. now owns 704 shares of the oil and gas producer’s stock worth $29,000 after acquiring an additional 275 shares in the last quarter. Headlands Technologies LLC bought a new stake in Suncor Energy during the second quarter worth $31,000. Smartleaf Asset Management LLC raised its position in Suncor Energy by 95.8% during the third quarter. Smartleaf Asset Management LLC now owns 793 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 388 shares in the last quarter. Finally, Maseco LLP bought a new stake in Suncor Energy during the fourth quarter worth $39,000. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Royal Bank Of Canada upped their price objective on shares of Suncor Energy from $75.00 to $89.00 and gave the company an “outperform” rating in a report on Wednesday, April 1st. ATB Cormark Capital Markets upgraded shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a report on Wednesday, April 1st. JPMorgan Chase & Co. upgraded shares of Suncor Energy from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $46.15 to $54.00 in a report on Tuesday, January 20th. Weiss Ratings upgraded shares of Suncor Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday. Finally, Wall Street Zen upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $72.00.

Suncor Energy Trading Up 0.4%

SU opened at $64.00 on Friday. The stock has a market capitalization of $75.78 billion, a price-to-earnings ratio of 16.80 and a beta of 0.31. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 0.20. Suncor Energy Inc. has a twelve month low of $34.48 and a twelve month high of $70.29. The company has a 50-day simple moving average of $62.62 and a 200 day simple moving average of $52.17.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its earnings results on Tuesday, May 5th. The oil and gas producer reported $1.41 EPS for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.04). The company had revenue of $10.41 billion during the quarter, compared to the consensus estimate of $9.22 billion. Suncor Energy had a return on equity of 13.96% and a net margin of 12.29%.During the same period last year, the company posted $1.31 EPS. Analysts predict that Suncor Energy Inc. will post 6.34 EPS for the current fiscal year.

Suncor Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Thursday, June 4th. Suncor Energy’s payout ratio is presently 46.19%.

Suncor Energy Profile

Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company’s operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.

Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.