Ferguson Wellman Capital Management Inc. cut its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 6.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 288,690 shares of the oil and gas producer’s stock after selling 19,635 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Suncor Energy were worth $8,075,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in SU. Howe & Rusling Inc. raised its stake in shares of Suncor Energy by 80.2% during the 3rd quarter. Howe & Rusling Inc. now owns 3,314 shares of the oil and gas producer’s stock worth $128,000 after buying an additional 1,475 shares during the period. Almanack Investment Partners LLC. acquired a new position in shares of Suncor Energy during the 3rd quarter worth approximately $156,000. Bessemer Group Inc. raised its stake in shares of Suncor Energy by 65.8% during the 3rd quarter. Bessemer Group Inc. now owns 4,514 shares of the oil and gas producer’s stock worth $174,000 after buying an additional 1,792 shares during the period. Stratos Wealth Partners LTD. acquired a new position in shares of Suncor Energy during the 3rd quarter worth approximately $187,000. Finally, Oregon Public Employees Retirement Fund acquired a new position in shares of Suncor Energy during the 3rd quarter worth approximately $206,000. 65.65% of the stock is owned by institutional investors.
NYSE:SU traded down $0.62 during trading hours on Wednesday, hitting $30.56. The company had a trading volume of 175,049 shares, compared to its average volume of 4,146,825. The company has a quick ratio of 0.59, a current ratio of 0.93 and a debt-to-equity ratio of 0.29. The stock has a market cap of $48.72 billion, a P/E ratio of 20.24, a PEG ratio of 1.53 and a beta of 1.07. Suncor Energy Inc. has a 1 year low of $25.81 and a 1 year high of $42.55.
The business also recently announced a quarterly dividend, which was paid on Monday, December 24th. Shareholders of record on Monday, December 3rd were issued a $0.2725 dividend. This represents a $1.09 annualized dividend and a yield of 3.57%. The ex-dividend date was Friday, November 30th. Suncor Energy’s payout ratio is currently 71.52%.
Several brokerages recently commented on SU. Macquarie upgraded Suncor Energy from a “neutral” rating to an “outperform” rating in a research report on Tuesday, October 9th. Zacks Investment Research cut Suncor Energy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 2nd. CIBC began coverage on Suncor Energy in a research report on Friday, October 5th. They set a “sector outperform” rating for the company. AltaCorp Capital upgraded Suncor Energy from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, October 17th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $53.00 price target on shares of Suncor Energy in a research report on Monday, January 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $51.80.
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About Suncor Energy
Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.
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