Captrust Financial Advisors Decreases Stock Holdings in Suncor Energy Inc. (NYSE:SU)

Captrust Financial Advisors reduced its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 6.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,637 shares of the oil and gas producer’s stock after selling 3,527 shares during the period. Captrust Financial Advisors’ holdings in Suncor Energy were worth $1,700,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its position in Suncor Energy by 0.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 112,925 shares of the oil and gas producer’s stock valued at $4,169,000 after acquiring an additional 321 shares during the last quarter. Trust Co. of Toledo NA OH lifted its position in Suncor Energy by 14.4% in the fourth quarter. Trust Co. of Toledo NA OH now owns 22,981 shares of the oil and gas producer’s stock valued at $820,000 after acquiring an additional 2,885 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in Suncor Energy in the fourth quarter valued at $107,000. 180 Wealth Advisors LLC lifted its position in Suncor Energy by 8.3% in the fourth quarter. 180 Wealth Advisors LLC now owns 15,456 shares of the oil and gas producer’s stock valued at $551,000 after acquiring an additional 1,189 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in Suncor Energy by 1,324.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 3,469,008 shares of the oil and gas producer’s stock valued at $123,774,000 after acquiring an additional 3,225,543 shares during the last quarter. 67.37% of the stock is owned by hedge funds and other institutional investors.

Suncor Energy Trading Up 1.5%

Shares of Suncor Energy stock opened at $36.42 on Wednesday. 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 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. The company’s 50-day simple moving average is $35.66 and its 200-day simple moving average is $37.37. The firm has a market cap of $44.91 billion, a price-to-earnings ratio of 10.56, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.05. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. The business had revenue of $9.10 billion for the quarter, compared to analyst estimates of $13.39 billion. During the same period in the previous year, the business posted $1.41 earnings per share. As a group, equities research analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be paid a dividend of $0.4133 per share. This represents a $1.65 dividend on an annualized basis and a dividend yield of 4.54%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, June 4th. Suncor Energy’s payout ratio is 45.53%.

Wall Street Analyst Weigh In

SU has been the subject of a number of research reports. StockNews.com cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a research report on Thursday, April 17th. Bank of America assumed coverage on shares of Suncor Energy in a report on Wednesday, February 26th. They issued a “neutral” rating for the company. Scotiabank raised shares of Suncor Energy to a “hold” rating in a report on Wednesday, March 19th. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Finally, Cibc World Mkts raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Five investment 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $59.20.

Suncor Energy 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.