Crossmark Global Holdings Inc. Has $11.70 Million Position in Suncor Energy Inc. (NYSE:SU)

Crossmark Global Holdings Inc. lowered its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 2.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 327,884 shares of the oil and gas producer’s stock after selling 7,190 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Suncor Energy were worth $11,699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in SU. Eastern Bank acquired a new position in shares of Suncor Energy in the 3rd quarter worth approximately $25,000. Waldron Private Wealth LLC bought a new position in Suncor Energy in the third quarter valued at approximately $49,000. UMB Bank n.a. increased its holdings in Suncor Energy by 27.5% in the fourth quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer’s stock valued at $50,000 after purchasing an additional 300 shares during the last quarter. Transamerica Financial Advisors Inc. raised 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 valued at $73,000 after acquiring an additional 1,895 shares during the period. Finally, Mattson Financial Services LLC acquired a new position in shares of Suncor Energy in the 2nd quarter valued at $82,000. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Stock Performance

NYSE:SU opened at $39.02 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 1.04. The company has a market capitalization of $48.57 billion, a P/E ratio of 8.50, a P/E/G ratio of 3.35 and a beta of 1.12. Suncor Energy Inc. has a 1 year low of $31.03 and a 1 year high of $41.94. The business has a fifty day simple moving average of $38.07 and a two-hundred day simple moving average of $38.52.

Suncor Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd were given a $0.4089 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date of this dividend was Tuesday, December 3rd. This is an increase from Suncor Energy’s previous quarterly dividend of $0.40. Suncor Energy’s dividend payout ratio (DPR) is 35.08%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $66.00 target price on shares of Suncor Energy in a report on Tuesday, January 7th. Morgan Stanley cut Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Desjardins raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Finally, StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and seven 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 price target of $58.00.

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.