Suncor Energy Inc. (NYSE:SU) Shares Sold by Versor Investments LP

Versor Investments LP lessened its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 28.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 25,100 shares of the oil and gas producer’s stock after selling 10,100 shares during the quarter. Versor Investments LP’s holdings in Suncor Energy were worth $895,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. HHM Wealth Advisors LLC boosted its stake in Suncor Energy by 62.1% during the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer’s stock worth $30,000 after buying an additional 325 shares during the period. Golden State Wealth Management LLC purchased a new position in Suncor Energy during the fourth quarter worth about $39,000. Stonebridge Financial Group LLC purchased a new position in Suncor Energy during the fourth quarter worth about $45,000. UMB Bank n.a. boosted its stake in Suncor Energy by 27.5% during the fourth quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer’s stock worth $50,000 after buying an additional 300 shares during the period. Finally, Allworth Financial LP boosted its stake in Suncor Energy by 35.4% during the fourth quarter. Allworth Financial LP now owns 1,900 shares of the oil and gas producer’s stock worth $75,000 after buying an additional 497 shares during the period. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SU shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $66.00 target price on shares of Suncor Energy in a research note on Tuesday, January 7th. Morgan Stanley lowered shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. StockNews.com lowered shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Tuesday. Desjardins raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Finally, Cibc World Mkts raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 11th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $58.00.

Suncor Energy Stock Down 0.0 %

Shares of NYSE:SU opened at $38.23 on Friday. The firm’s 50 day moving average price is $38.20 and its 200 day moving average price is $38.65. The stock has a market cap of $47.58 billion, a price-to-earnings ratio of 11.08, a price-to-earnings-growth ratio of 2.94 and a beta of 1.12. Suncor Energy Inc. has a fifty-two week low of $33.26 and a fifty-two week high of $41.94. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. As a group, equities research analysts predict that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th will be issued a $0.399 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $1.60 annualized dividend and a yield of 4.17%. Suncor Energy’s dividend payout ratio (DPR) is 45.22%.

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.