Fiera Capital Corp Sells 35,425 Shares of Suncor Energy Inc. $SU

Fiera Capital Corp lowered its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 2.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,556,690 shares of the oil and gas producer’s stock after selling 35,425 shares during the quarter. Fiera Capital Corp owned about 0.13% of Suncor Energy worth $65,121,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Burling Wealth Partners LLC lifted its position in shares of Suncor Energy by 15.9% in the third quarter. Burling Wealth Partners LLC now owns 49,327 shares of the oil and gas producer’s stock worth $2,062,000 after buying an additional 6,757 shares in the last quarter. Synovus Financial Corp increased its stake in Suncor Energy by 3.6% in the 3rd quarter. Synovus Financial Corp now owns 97,841 shares of the oil and gas producer’s stock worth $4,091,000 after acquiring an additional 3,373 shares during the last quarter. NewEdge Wealth LLC raised its holdings in shares of Suncor Energy by 3.1% during the 3rd quarter. NewEdge Wealth LLC now owns 986,242 shares of the oil and gas producer’s stock worth $40,653,000 after acquiring an additional 29,251 shares in the last quarter. Syon Capital LLC boosted its position in shares of Suncor Energy by 2.9% during the 3rd quarter. Syon Capital LLC now owns 22,429 shares of the oil and gas producer’s stock valued at $938,000 after acquiring an additional 626 shares during the last quarter. Finally, SCP Investment LP purchased a new position in shares of Suncor Energy in the third quarter valued at $1,915,000. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on SU. Raymond James Financial raised shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a research note on Thursday, November 6th. Weiss Ratings restated a “buy (b)” rating on shares of Suncor Energy in a report on Monday, December 29th. Zacks Research cut shares of Suncor Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Royal Bank Of Canada increased their price target on shares of Suncor Energy from $69.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Finally, Wall Street Zen lowered Suncor Energy from a “buy” rating to a “hold” rating in a research report on Sunday, December 28th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $61.00.

Suncor Energy Trading Up 1.7%

Shares of NYSE SU opened at $56.81 on Friday. The business’s 50 day moving average price is $48.91 and its 200-day moving average price is $44.02. Suncor Energy Inc. has a fifty-two week low of $30.79 and a fifty-two week high of $57.13. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.89 and a current ratio of 1.39. The company has a market cap of $67.60 billion, a price-to-earnings ratio of 16.37 and a beta of 0.46.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings data on Tuesday, February 3rd. The oil and gas producer reported $0.79 EPS for the quarter, beating the consensus estimate of $0.77 by $0.02. Suncor Energy had a return on equity of 12.51% and a net margin of 11.99%.The company had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $8.79 billion. During the same quarter in the prior year, the company posted $1.25 EPS. On average, sell-side analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th will be issued a $0.60 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.2%. Suncor Energy’s dividend payout ratio is presently 49.57%.

Suncor Energy Company Profile

Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company’s operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.

Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.