Winslow Evans & Crocker Inc. Reduces Position in Suncor Energy Inc. (NYSE:SU)

Winslow Evans & Crocker Inc. trimmed its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 10.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,500 shares of the oil and gas producer’s stock after selling 1,500 shares during the quarter. Winslow Evans & Crocker Inc.’s holdings in Suncor Energy were worth $444,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Schroder Investment Management Group grew its position in shares of Suncor Energy by 241.9% during the 2nd quarter. Schroder Investment Management Group now owns 1,110,255 shares of the oil and gas producer’s stock worth $45,354,000 after buying an additional 785,479 shares in the last quarter. Glen Harbor Capital Management LLC grew its position in shares of Suncor Energy by 19.5% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 9,200 shares of the oil and gas producer’s stock worth $277,000 after buying an additional 1,504 shares in the last quarter. MML Investors Services LLC grew its position in shares of Suncor Energy by 8.6% during the 2nd quarter. MML Investors Services LLC now owns 13,682 shares of the oil and gas producer’s stock worth $426,000 after buying an additional 1,083 shares in the last quarter. United Capital Financial Advisers LLC grew its position in shares of Suncor Energy by 42.5% during the 2nd quarter. United Capital Financial Advisers LLC now owns 18,428 shares of the oil and gas producer’s stock worth $574,000 after buying an additional 5,500 shares in the last quarter. Finally, HighTower Advisors LLC grew its position in shares of Suncor Energy by 22.9% during the 2nd quarter. HighTower Advisors LLC now owns 44,614 shares of the oil and gas producer’s stock worth $1,392,000 after buying an additional 8,309 shares in the last quarter. 65.13% of the stock is currently owned by institutional investors and hedge funds.

Shares of SU stock opened at $34.48 on Wednesday. Suncor Energy Inc. has a 1-year low of $27.28 and a 1-year high of $34.87. The stock’s 50-day moving average is $32.44 and its 200 day moving average is $30.88. The company has a market cap of $52.29 billion, a P/E ratio of 17.24, a PEG ratio of 2.45 and a beta of 1.10. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.96 and a quick ratio of 0.59.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings data on Wednesday, October 30th. The oil and gas producer reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. Suncor Energy had a return on equity of 9.24% and a net margin of 12.87%. The company had revenue of $7.50 billion for the quarter, compared to the consensus estimate of $8.02 billion. On average, analysts anticipate that Suncor Energy Inc. will post 2.64 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd were issued a $0.319 dividend. This represents a $1.28 annualized dividend and a yield of 3.70%. The ex-dividend date was Monday, December 2nd. Suncor Energy’s dividend payout ratio is presently 63.00%.

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada reaffirmed a “buy” rating and set a $47.00 price objective on shares of Suncor Energy in a research report on Monday, January 6th. Raymond James set a $48.00 price objective on Suncor Energy and gave the company a “buy” rating in a research report on Saturday, November 2nd. National Bank Financial downgraded Suncor Energy from an “outperform overweight” rating to a “sector perform overweight” rating in a research report on Tuesday, October 1st. ValuEngine raised Suncor Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Finally, CIBC set a $53.00 price objective on Suncor Energy and gave the company a “buy” rating in a research report on Friday, October 11th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $44.92.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.

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

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