Arkadios Wealth Advisors Sells 6,789 Shares of Suncor Energy Inc. $SU

Arkadios Wealth Advisors cut its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 26.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,958 shares of the oil and gas producer’s stock after selling 6,789 shares during the period. Arkadios Wealth Advisors’ holdings in Suncor Energy were worth $710,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Shell Asset Management Co. grew its position in Suncor Energy by 65.8% during the second quarter. Shell Asset Management Co. now owns 103,082 shares of the oil and gas producer’s stock worth $3,854,000 after buying an additional 40,892 shares in the last quarter. Focus Partners Wealth grew its position in Suncor Energy by 1.3% during the first quarter. Focus Partners Wealth now owns 796,967 shares of the oil and gas producer’s stock worth $30,859,000 after buying an additional 10,514 shares in the last quarter. Canoe Financial LP acquired a new stake in Suncor Energy during the second quarter worth about $9,653,000. Bank of New York Mellon Corp grew its position in Suncor Energy by 13.3% during the first quarter. Bank of New York Mellon Corp now owns 3,492,472 shares of the oil and gas producer’s stock worth $135,228,000 after buying an additional 409,032 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Suncor Energy by 36.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 944,533 shares of the oil and gas producer’s stock worth $36,572,000 after buying an additional 251,298 shares in the last quarter. 67.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SU shares. Wells Fargo & Company started coverage on Suncor Energy in a report on Friday, October 17th. They set an “equal weight” rating on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Suncor Energy in a report on Wednesday, October 8th. Zacks Research downgraded Suncor Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 15th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Suncor Energy in a report on Friday, October 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Suncor Energy presently has an average rating of “Moderate Buy” and an average target price of $65.00.

Suncor Energy Stock Down 0.5%

Shares of SU opened at $39.63 on Tuesday. The company has a market capitalization of $47.80 billion, a P/E ratio of 12.19, a PEG ratio of 3.52 and a beta of 0.78. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.26 and a quick ratio of 0.77. Suncor Energy Inc. has a one year low of $30.79 and a one year high of $43.48. The business’s 50 day simple moving average is $40.79 and its 200-day simple moving average is $38.79.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its earnings results on Tuesday, August 5th. The oil and gas producer reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. The business had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $11.56 billion. Suncor Energy had a return on equity of 13.21% and a net margin of 11.35%.During the same period in the previous year, the business earned $1.27 EPS. As a group, sell-side analysts predict that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

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.