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

Cwm LLC decreased its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 6.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,977 shares of the oil and gas producer’s stock after selling 425 shares during the quarter. Cwm LLC’s holdings in Suncor Energy were worth $231,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Oxbow Advisors LLC grew its holdings in shares of Suncor Energy by 3.1% during the first quarter. Oxbow Advisors LLC now owns 101,672 shares of the oil and gas producer’s stock worth $3,937,000 after purchasing an additional 3,020 shares during the last quarter. Genus Capital Management Inc. grew its holdings in shares of Suncor Energy by 209.8% during the first quarter. Genus Capital Management Inc. now owns 206,871 shares of the oil and gas producer’s stock worth $8,009,000 after buying an additional 395,292 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of Suncor Energy by 75.7% during the first quarter. Cerity Partners LLC now owns 72,121 shares of the oil and gas producer’s stock worth $2,793,000 after buying an additional 31,077 shares during the last quarter. Trek Financial LLC grew its holdings in shares of Suncor Energy by 3.5% during the first quarter. Trek Financial LLC now owns 186,611 shares of the oil and gas producer’s stock worth $7,226,000 after buying an additional 6,368 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of Suncor Energy by 1.3% during the first quarter. DekaBank Deutsche Girozentrale now owns 700,698 shares of the oil and gas producer’s stock worth $26,712,000 after buying an additional 9,067 shares during the last quarter. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Suncor Energy from a “buy” rating to a “hold” rating in a report on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $66.00.

Suncor Energy Trading Down 1.0%

Shares of SU opened at $39.31 on Friday. The stock has a fifty day moving average of $38.06 and a two-hundred day moving average of $37.36. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 1.39. The company has a market capitalization of $48.07 billion, a PE ratio of 11.33, a price-to-earnings-growth ratio of 3.46 and a beta of 0.80. Suncor Energy Inc. has a fifty-two week low of $30.79 and a fifty-two week high of $41.94.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.05. The company had revenue of $9.10 billion during the quarter, compared to the consensus estimate of $13.39 billion. Suncor Energy had a return on equity of 14.90% and a net margin of 11.95%. During the same period in the previous year, the firm posted $1.41 EPS. As a group, analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were issued a dividend of $0.4133 per share. This represents a $1.65 dividend on an annualized basis and a dividend yield of 4.20%. This is an increase from Suncor Energy’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Wednesday, June 4th. Suncor Energy’s dividend payout ratio is presently 47.84%.

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.