Sanctuary Advisors LLC Cuts Stock Holdings in Suncor Energy Inc. (NYSE:SU)

Sanctuary Advisors LLC lessened its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 5.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 77,914 shares of the oil and gas producer’s stock after selling 4,290 shares during the period. Sanctuary Advisors LLC’s holdings in Suncor Energy were worth $3,011,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SU. Principal Financial Group Inc. boosted its position in Suncor Energy by 39.9% during the fourth quarter. Principal Financial Group Inc. now owns 9,706,616 shares of the oil and gas producer’s stock valued at $346,298,000 after purchasing an additional 2,767,043 shares in the last quarter. J.W. Cole Advisors Inc. purchased a new stake in shares of Suncor Energy during the fourth quarter valued at about $236,000. Allworth Financial LP boosted its holdings in shares of Suncor Energy by 35.4% in the 4th quarter. Allworth Financial LP now owns 1,900 shares of the oil and gas producer’s stock valued at $75,000 after buying an additional 497 shares in the last quarter. Principal Securities Inc. grew its position in shares of Suncor Energy by 2.2% in the 4th quarter. Principal Securities Inc. now owns 12,423 shares of the oil and gas producer’s stock worth $443,000 after buying an additional 265 shares during the last quarter. Finally, Roxbury Financial LLC bought a new position in shares of Suncor Energy during the 4th quarter worth approximately $313,000. 67.37% of the stock is currently owned by institutional investors.

Suncor Energy Trading Down 1.8 %

Suncor Energy stock opened at $39.46 on Friday. Suncor Energy Inc. has a 52 week low of $33.26 and a 52 week high of $41.94. The stock has a 50-day moving average price of $37.95 and a 200 day moving average price of $38.67. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $49.11 billion, a price-to-earnings ratio of 11.44, a price-to-earnings-growth ratio of 2.94 and a beta of 1.12.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS for the quarter, beating the consensus estimate of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. Sell-side analysts anticipate that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th will be paid a dividend of $0.399 per share. The ex-dividend date is Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.04%. Suncor Energy’s payout ratio is currently 46.67%.

Analysts Set New Price Targets

Several brokerages have weighed in on SU. StockNews.com upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. Cibc World Mkts upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 11th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $66.00 target price on shares of Suncor Energy in a research report on Tuesday, January 7th. Morgan Stanley downgraded Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Finally, Tudor Pickering upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Suncor Energy 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.