Suncor Energy Inc. (NYSE:SU) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC reduced its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 5.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 77,914 shares of the oil and gas producer’s stock after selling 4,290 shares during the quarter. Sanctuary Advisors LLC’s holdings in Suncor Energy were worth $3,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in Suncor Energy by 39.9% in the fourth quarter. Principal Financial Group Inc. now owns 9,706,616 shares of the oil and gas producer’s stock valued at $346,298,000 after buying an additional 2,767,043 shares in the last quarter. J.W. Cole Advisors Inc. purchased a new stake in shares of Suncor Energy during the 4th quarter worth about $236,000. Allworth Financial LP grew its position in shares of Suncor Energy by 35.4% during the 4th quarter. Allworth Financial LP now owns 1,900 shares of the oil and gas producer’s stock valued at $75,000 after acquiring an additional 497 shares during the period. Principal Securities Inc. increased its stake in shares of Suncor Energy by 2.2% in the 4th quarter. Principal Securities Inc. now owns 12,423 shares of the oil and gas producer’s stock valued at $443,000 after purchasing an additional 265 shares in the last quarter. Finally, Roxbury Financial LLC acquired a new position in Suncor Energy in the 4th quarter worth about $313,000. 67.37% of the stock is owned by hedge funds and other institutional investors.

Suncor Energy Stock Performance

NYSE:SU opened at $39.46 on Friday. The company has a market cap of $49.11 billion, a P/E ratio of 11.44, a P/E/G ratio of 2.94 and a beta of 1.12. Suncor Energy Inc. has a twelve month low of $33.26 and a twelve month high of $41.94. The company’s 50-day moving average price is $37.95 and its 200-day moving average price is $38.67. The company has a current ratio of 1.33, a quick ratio of 0.86 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, topping the consensus estimate of $0.82 by $0.07. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. On average, sell-side analysts forecast that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th will be paid a $0.399 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date is Tuesday, March 4th. Suncor Energy’s dividend payout ratio (DPR) is presently 46.67%.

Wall Street Analysts Forecast Growth

Several analysts have commented on SU shares. StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Royal Bank of Canada reissued an “outperform” rating and issued a $66.00 price target on shares of Suncor Energy in a research note on Tuesday, January 7th. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Morgan Stanley downgraded shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Finally, Tudor Pickering raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Suncor Energy currently has an average rating of “Moderate Buy” and an average price target of $58.00.

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.