Suncor Energy Inc. (NYSE:SU) Position Reduced by Raymond James Trust N.A.

Raymond James Trust N.A. trimmed its holdings in shares of Suncor Energy Inc. (NYSE:SUGet Rating) (TSE:SU) by 53.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,946 shares of the oil and gas producer’s stock after selling 10,139 shares during the period. Raymond James Trust N.A.’s holdings in Suncor Energy were worth $224,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Yousif Capital Management LLC acquired a new stake in shares of Suncor Energy during the fourth quarter worth $576,000. Desjardins Global Asset Management Inc. acquired a new stake in shares of Suncor Energy during the fourth quarter worth $2,241,000. Commonwealth Equity Services LLC raised its holdings in shares of Suncor Energy by 11.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 15,220 shares of the oil and gas producer’s stock worth $380,000 after purchasing an additional 1,560 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of Suncor Energy in the 4th quarter worth about $291,000. Finally, National Asset Management Inc. acquired a new stake in shares of Suncor Energy in the 4th quarter worth about $236,000. 59.48% of the stock is currently owned by institutional investors.

Shares of SU opened at $32.82 on Monday. Suncor Energy Inc. has a one year low of $17.10 and a one year high of $34.21. The company has a 50-day moving average of $30.96 and a two-hundred day moving average of $27.04. The stock has a market cap of $46.97 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 0.62 and a beta of 1.54. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.06 and a quick ratio of 0.66.

Suncor Energy (NYSE:SUGet Rating) (TSE:SU) last announced its earnings results on Wednesday, February 2nd. The oil and gas producer reported $0.71 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.05). Suncor Energy had a return on equity of 10.44% and a net margin of 10.53%. The firm had revenue of $8.85 billion during the quarter, compared to analyst estimates of $8 billion. During the same quarter in the previous year, the business earned ($0.07) earnings per share. Analysts anticipate that Suncor Energy Inc. will post 3.94 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 25th. Stockholders of record on Friday, March 4th were given a $0.3311 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.04%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Thursday, March 3rd. Suncor Energy’s dividend payout ratio is 59.91%.

A number of analysts recently weighed in on the stock. Tudor, Pickering, Holt & Co. cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a report on Friday, February 4th. Tudor Pickering cut shares of Suncor Energy from a “buy” rating to a “hold” rating and set a $42.00 price objective on the stock. in a report on Friday, February 4th. JPMorgan Chase & Co. cut shares of Suncor Energy from an “overweight” rating to a “neutral” rating and set a $38.00 price objective on the stock. in a report on Friday, February 4th. National Bank Financial increased their price objective on shares of Suncor Energy from C$45.00 to C$53.00 in a report on Friday, February 4th. Finally, StockNews.com initiated coverage on shares of Suncor Energy in a report on Thursday, March 31st. They issued a “buy” rating on the stock. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $41.21.

About Suncor Energy (Get Rating)

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, transports, refines, and markets crude oil in Canada and internationally; markets petroleum and petrochemical products under the Petro-Canada name primarily in Canada.

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

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