Schechter Investment Advisors LLC Sells 7,988 Shares of Suncor Energy Inc. (NYSE:SU)

Schechter Investment Advisors LLC decreased its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 32.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 16,257 shares of the oil and gas producer’s stock after selling 7,988 shares during the period. Schechter Investment Advisors LLC’s holdings in Suncor Energy were worth $629,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of SU. Principal Financial Group Inc. raised its position in shares of Suncor Energy by 65.0% in the 1st quarter. Principal Financial Group Inc. now owns 16,018,129 shares of the oil and gas producer’s stock valued at $620,136,000 after buying an additional 6,311,513 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Suncor Energy by 500.4% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,453,314 shares of the oil and gas producer’s stock worth $87,459,000 after acquiring an additional 2,044,680 shares during the last quarter. Geode Capital Management LLC grew its holdings in Suncor Energy by 29.5% during the 4th quarter. Geode Capital Management LLC now owns 7,629,169 shares of the oil and gas producer’s stock worth $278,537,000 after acquiring an additional 1,737,573 shares during the last quarter. Two Sigma Investments LP boosted its stake in shares of Suncor Energy by 168.8% in the 4th quarter. Two Sigma Investments LP now owns 1,729,654 shares of the oil and gas producer’s stock valued at $61,714,000 after purchasing an additional 1,086,065 shares during the last quarter. Finally, Mufg Securities Canada LTD. boosted its stake in shares of Suncor Energy by 70.3% in the 4th quarter. Mufg Securities Canada LTD. now owns 1,919,654 shares of the oil and gas producer’s stock valued at $68,477,000 after purchasing an additional 792,130 shares during the last quarter. Institutional investors own 67.37% of the company’s stock.

Analyst Upgrades and Downgrades

SU has been the topic of several research analyst reports. Scotiabank raised shares of Suncor Energy to a “hold” rating in a research note on Wednesday, March 19th. Wall Street Zen downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating in a report on Thursday, April 17th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Suncor Energy has an average rating of “Moderate Buy” and an average target price of $67.00.

Suncor Energy Price Performance

SU opened at $39.86 on Tuesday. The firm has a market cap of $48.73 billion, a P/E ratio of 11.49, a PEG ratio of 3.48 and a beta of 0.80. The firm has a 50-day moving average of $37.37 and a 200 day moving average of $37.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 1.39. Suncor Energy Inc. has a fifty-two week low of $30.79 and a fifty-two week high of $41.95.

Suncor Energy (NYSE:SU) (TSE:SU) last posted 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 analyst estimates of $13.39 billion. Suncor Energy had a net margin of 11.95% and a return on equity of 14.90%. During the same quarter in the prior year, the business earned $1.41 earnings per share. On average, research analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were paid a $0.4133 dividend. 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. This represents a $1.65 annualized dividend and a dividend yield of 4.15%. Suncor Energy’s dividend payout ratio (DPR) is presently 47.84%.

Suncor Energy Company 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.