Suncor Energy Inc. (SU) Shares Sold by QS Investors LLC

QS Investors LLC trimmed its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 5.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,719 shares of the oil and gas producer’s stock after selling 2,200 shares during the quarter. QS Investors LLC’s holdings in Suncor Energy were worth $1,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. First Personal Financial Services increased its holdings in Suncor Energy by 144.1% in the second quarter. First Personal Financial Services now owns 3,845 shares of the oil and gas producer’s stock worth $112,000 after buying an additional 2,270 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in Suncor Energy by 13.7% in the second quarter. UBS Asset Management Americas Inc. now owns 4,658 shares of the oil and gas producer’s stock worth $136,000 after buying an additional 562 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in Suncor Energy by 680.3% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 5,735 shares of the oil and gas producer’s stock worth $167,000 after buying an additional 5,000 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in Suncor Energy by 50.6% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 6,362 shares of the oil and gas producer’s stock worth $186,000 after buying an additional 2,138 shares during the last quarter. Finally, Evercore Wealth Management LLC increased its holdings in Suncor Energy by 7.7% in the second quarter. Evercore Wealth Management LLC now owns 6,675 shares of the oil and gas producer’s stock worth $195,000 after buying an additional 475 shares during the last quarter. 64.05% of the stock is owned by institutional investors and hedge funds.

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Several brokerages have commented on SU. Zacks Investment Research upgraded Suncor Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 12th. Citigroup Inc. reiterated a “buy” rating on shares of Suncor Energy in a report on Wednesday, August 2nd. Piper Jaffray Companies lowered their price target on Suncor Energy from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, July 3rd. BidaskClub upgraded Suncor Energy from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, AltaCorp Capital downgraded Suncor Energy from an “outperform” rating to a “sector perform” rating in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $43.36.

Suncor Energy Inc. (SU) opened at 33.76 on Friday. Suncor Energy Inc. has a 12 month low of $27.96 and a 12 month high of $35.18. The company has a 50-day moving average price of $33.54 and a 200 day moving average price of $31.53. The company has a market capitalization of $56.02 billion, a PE ratio of 25.38 and a beta of 0.83.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 25th. Shareholders of record on Tuesday, September 5th were issued a $0.2552 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 3.02%. This is a positive change from Suncor Energy ‘s previous quarterly dividend of $0.24. The ex-dividend date was Thursday, August 31st. Suncor Energy ‘s dividend payout ratio is currently 84.43%.

Suncor Energy Profile

Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.

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Institutional Ownership by Quarter for Suncor Energy  (NYSE:SU)

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