Sustainable Insight Capital Management LLC Lowers Stock Position in Suncor Energy Inc. $SU

Sustainable Insight Capital Management LLC trimmed its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 48.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 8,916 shares of the oil and gas producer’s stock after selling 8,484 shares during the period. Sustainable Insight Capital Management LLC’s holdings in Suncor Energy were worth $590,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SU. Atlantic Edge Private Wealth Management LLC raised its position in shares of Suncor Energy by 54.9% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 635 shares of the oil and gas producer’s stock worth $28,000 after buying an additional 225 shares during the period. Headlands Technologies LLC purchased a new stake in Suncor Energy during the second quarter valued at about $31,000. 1 North Wealth Services LLC acquired a new stake in Suncor Energy during the fourth quarter worth about $32,000. Accent Capital Management LLC increased its stake in Suncor Energy by 37.5% during the fourth quarter. Accent Capital Management LLC now owns 825 shares of the oil and gas producer’s stock worth $37,000 after acquiring an additional 225 shares during the last quarter. Finally, Maseco LLP purchased a new position in shares of Suncor Energy in the 4th quarter worth about $39,000. 67.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SU has been the topic of several research analyst reports. Royal Bank Of Canada lifted their price objective on Suncor Energy from $75.00 to $89.00 and gave the company an “outperform” rating in a research note on Wednesday, April 1st. Desjardins raised shares of Suncor Energy to a “moderate buy” rating in a research report on Thursday, July 16th. Scotiabank upgraded shares of Suncor Energy to a “strong-buy” rating in a report on Friday, June 26th. Wall Street Zen raised shares of Suncor Energy from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 12th. Finally, ATB Cormark Capital Markets raised shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, April 1st. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $71.67.

Suncor Energy Stock Down 0.9%

Shares of NYSE SU opened at $65.84 on Friday. The stock has a fifty day moving average price of $60.91 and a 200 day moving average price of $59.38. The company has a current ratio of 1.42, a quick ratio of 0.92 and a debt-to-equity ratio of 0.20. Suncor Energy Inc. has a 12-month low of $37.76 and a 12-month high of $70.29. The company has a market cap of $77.74 billion, a P/E ratio of 17.28, a P/E/G ratio of 0.50 and a beta of 0.30.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings data on Tuesday, May 5th. The oil and gas producer reported $1.41 EPS for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.04). Suncor Energy had a return on equity of 13.96% and a net margin of 12.29%.The company had revenue of $10.41 billion for the quarter, compared to analyst estimates of $9.22 billion. During the same quarter in the prior year, the firm earned $1.31 EPS. Research analysts anticipate that Suncor Energy Inc. will post 7.11 EPS for the current fiscal year.

Suncor Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 4th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Thursday, June 4th. Suncor Energy’s dividend payout ratio (DPR) is presently 45.67%.

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.