South State Corp Sells 11,630 Shares of Suncor Energy Inc. (SU)

South State Corp lessened its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 15.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 64,321 shares of the oil and gas producer’s stock after selling 11,630 shares during the period. South State Corp’s holdings in Suncor Energy were worth $1,878,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of SU. Peapack Gladstone Financial Corp lifted its holdings in Suncor Energy by 0.3% during the 1st quarter. Peapack Gladstone Financial Corp now owns 13,176 shares of the oil and gas producer’s stock worth $405,000 after purchasing an additional 40 shares in the last quarter. Financial Architects Inc lifted its holdings in Suncor Energy by 1.4% during the 2nd quarter. Financial Architects Inc now owns 6,806 shares of the oil and gas producer’s stock worth $199,000 after purchasing an additional 93 shares in the last quarter. Keybank National Association OH lifted its holdings in Suncor Energy by 0.6% during the 1st quarter. Keybank National Association OH now owns 18,447 shares of the oil and gas producer’s stock worth $567,000 after purchasing an additional 103 shares in the last quarter. Gateway Investment Advisers LLC lifted its holdings in Suncor Energy by 0.7% during the 2nd quarter. Gateway Investment Advisers LLC now owns 17,676 shares of the oil and gas producer’s stock worth $516,000 after purchasing an additional 116 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. lifted its holdings in Suncor Energy by 6.0% during the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 4,224 shares of the oil and gas producer’s stock worth $130,000 after purchasing an additional 238 shares in the last quarter. 64.07% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Suncor Energy Inc. (SU) traded up 0.21% during trading on Tuesday, reaching $33.15. The company’s stock had a trading volume of 656,095 shares. Suncor Energy Inc. has a 12-month low of $25.70 and a 12-month high of $33.79. The company has a market cap of $55.01 billion, a PE ratio of 26.02 and a beta of 0.82. The company has a 50 day moving average of $31.93 and a 200 day moving average of $30.92.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Tuesday, September 5th will be given a $0.2552 dividend. This represents a $1.02 annualized dividend and a dividend yield of 3.09%. This is an increase from Suncor Energy ‘s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Thursday, August 31st. Suncor Energy ‘s payout ratio is presently 84.43%.

SU has been the topic of a number of recent research reports. Zacks Investment Research raised Suncor Energy from a “sell” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Tuesday, July 4th. Citigroup Inc. reissued a “buy” rating on shares of Suncor Energy in a report on Wednesday, August 2nd. BidaskClub raised Suncor Energy from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. National Bank Financial initiated coverage on Suncor Energy in a report on Tuesday, June 27th. They set an “outperform” rating on the stock. Finally, Barclays PLC reissued an “overweight” rating and set a $52.00 price objective (up previously from $47.00) on shares of Suncor Energy in a report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $42.86.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by Stock Observer and is owned by of Stock Observer. If you are viewing this report on another domain, it was copied illegally and republished in violation of US & international trademark and copyright laws. The legal version of this report can be accessed at https://www.thestockobserver.com/2017/09/12/south-state-corp-sells-11630-shares-of-suncor-energy-inc-su.html.

About Suncor Energy

Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.

Want to see what other hedge funds are holding SU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Suncor Energy Inc. (NYSE:SU) (TSE:SU).

Institutional Ownership by Quarter for Suncor Energy  (NYSE:SU)

Receive News & Ratings for Suncor Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply