Suncor Energy Inc. (NYSE:SU) Shares Sold by Kathmere Capital Management LLC

Kathmere Capital Management LLC decreased its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 14.2% during the first quarter, Holdings Channel.com reports. The firm owned 8,701 shares of the oil and gas producer’s stock after selling 1,439 shares during the period. Kathmere Capital Management LLC’s holdings in Suncor Energy were worth $337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hanson & Doremus Investment Management grew its stake in Suncor Energy by 143.5% in the 1st quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer’s stock valued at $31,000 after acquiring an additional 465 shares during the period. Salem Investment Counselors Inc. grew its stake in Suncor Energy by 97.6% in the 1st quarter. Salem Investment Counselors Inc. now owns 820 shares of the oil and gas producer’s stock valued at $32,000 after acquiring an additional 405 shares during the period. Crowley Wealth Management Inc. acquired a new stake in Suncor Energy in the 4th quarter valued at $35,000. Lee Danner & Bass Inc. acquired a new stake in Suncor Energy in the 4th quarter valued at $36,000. Finally, Covestor Ltd grew its stake in Suncor Energy by 30.5% in the 4th quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer’s stock valued at $39,000 after acquiring an additional 256 shares during the period. Institutional investors and hedge funds own 67.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SU. Scotiabank raised shares of Suncor Energy to a “hold” rating in a research note on Wednesday, March 19th. Wall Street Zen cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $67.00.

Suncor Energy Stock Up 1.8%

NYSE SU opened at $40.10 on Monday. Suncor Energy Inc. has a 52 week low of $30.79 and a 52 week high of $41.95. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 0.21. The business’s fifty day simple moving average is $37.27 and its 200-day simple moving average is $37.16. The firm has a market cap of $49.03 billion, a PE ratio of 11.56, a P/E/G ratio of 3.48 and a beta of 0.80.

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

Suncor Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th were issued a $0.4133 dividend. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.40. This represents a $1.65 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend was Wednesday, June 4th. Suncor Energy’s payout ratio is 47.84%.

About Suncor Energy

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.