Suncor Energy Inc. (NYSE:SU) Shares Sold by CoreCap Advisors LLC

CoreCap Advisors LLC lessened its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 18.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,972 shares of the oil and gas producer’s stock after selling 432 shares during the period. CoreCap Advisors LLC’s holdings in Suncor Energy were worth $70,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SU. Vanguard Group Inc. lifted its holdings in shares of Suncor Energy by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 53,019,357 shares of the oil and gas producer’s stock worth $1,892,526,000 after purchasing an additional 323,714 shares during the period. Artisan Partners Limited Partnership lifted its holdings in shares of Suncor Energy by 0.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 24,289,019 shares of the oil and gas producer’s stock worth $865,885,000 after purchasing an additional 169,700 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Suncor Energy by 0.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 23,308,055 shares of the oil and gas producer’s stock worth $831,631,000 after purchasing an additional 209,447 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Suncor Energy by 4.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 10,981,927 shares of the oil and gas producer’s stock worth $391,809,000 after purchasing an additional 445,613 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Suncor Energy by 4.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,132,812 shares of the oil and gas producer’s stock worth $361,227,000 after purchasing an additional 437,252 shares during the period. Institutional investors and hedge funds own 67.37% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on SU. Tudor Pickering raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Tudor, Pickering, Holt & Co. raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Bank of America began coverage on Suncor Energy in a report on Wednesday, February 26th. They set a “neutral” rating for the company. Scotiabank raised Suncor Energy to a “hold” rating in a report on Wednesday, March 19th. Finally, StockNews.com cut Suncor Energy from a “buy” rating to a “hold” rating in a research report on Thursday, April 17th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Suncor Energy has a consensus rating of “Moderate Buy” and a consensus price target of $59.20.

Suncor Energy Stock Up 1.5%

Suncor Energy stock opened at $36.42 on Wednesday. The stock has a market capitalization of $44.91 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79. Suncor Energy Inc. has a 12 month low of $30.79 and a 12 month high of $41.95. The business has a 50 day simple moving average of $35.66 and a 200-day simple moving average of $37.37. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. The business had revenue of $9.10 billion during the quarter, compared to analysts’ expectations of $13.39 billion. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. During the same period in the previous year, the business earned $1.41 earnings per share. On average, analysts anticipate that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be given a $0.4133 dividend. The ex-dividend date is Wednesday, June 4th. This is a boost from Suncor Energy’s previous quarterly dividend of $0.40. This represents a $1.65 dividend on an annualized basis and a dividend yield of 4.54%. Suncor Energy’s payout ratio is 45.53%.

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.