Stock Yards Bank & Trust Co. Lowers Stake in Suncor Energy Inc. (NYSE:SU)

Stock Yards Bank & Trust Co. lowered its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 10.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,548 shares of the oil and gas producer’s stock after selling 12,067 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Suncor Energy were worth $3,588,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Eastern Bank purchased a new position in Suncor Energy during the third quarter valued at approximately $25,000. Waldron Private Wealth LLC purchased a new position in Suncor Energy during the third quarter valued at approximately $49,000. UMB Bank n.a. lifted its holdings in Suncor Energy by 27.5% during 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 in the last quarter. Transamerica Financial Advisors Inc. lifted its holdings in Suncor Energy by 2,311.0% during the third quarter. Transamerica Financial Advisors Inc. now owns 1,977 shares of the oil and gas producer’s stock valued at $73,000 after purchasing an additional 1,895 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Suncor Energy during the third quarter valued at approximately $104,000. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on SU. Royal Bank of Canada reissued an “outperform” rating and issued a $66.00 target price on shares of Suncor Energy in a report on Tuesday, January 7th. Morgan Stanley downgraded shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Finally, Desjardins raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $58.00.

Suncor Energy Trading Down 3.0 %

Shares of SU opened at $37.50 on Monday. The company’s fifty day moving average is $37.78 and its 200 day moving average is $38.56. Suncor Energy Inc. has a fifty-two week low of $31.25 and a fifty-two week high of $41.94. The stock has a market capitalization of $46.67 billion, a PE ratio of 8.17, a P/E/G ratio of 2.89 and a beta of 1.12. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.04 and a current ratio of 1.59.

Suncor Energy Increases Dividend

The firm also recently declared 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 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend was Tuesday, December 3rd. This is a boost from Suncor Energy’s previous quarterly dividend of $0.40. Suncor Energy’s payout ratio is currently 35.08%.

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.