Suncor Energy Inc. (NYSE:SU) Shares Sold by CenterBook Partners LP

CenterBook Partners LP lessened its position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 71.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 7,720 shares of the oil and gas producer's stock after selling 19,271 shares during the period. CenterBook Partners LP's holdings in Suncor Energy were worth $299,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SU. HighTower Advisors LLC grew its holdings in shares of Suncor Energy by 2.3% during the fourth quarter. HighTower Advisors LLC now owns 34,012 shares of the oil and gas producer's stock worth $1,214,000 after buying an additional 763 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Suncor Energy by 32.0% during the fourth quarter. Farther Finance Advisors LLC now owns 6,292 shares of the oil and gas producer's stock worth $224,000 after buying an additional 1,524 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in Suncor Energy by 9.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 47,345 shares of the oil and gas producer's stock valued at $1,689,000 after purchasing an additional 4,057 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in Suncor Energy by 17.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 71,712 shares of the oil and gas producer's stock valued at $2,559,000 after purchasing an additional 10,644 shares during the period. Finally, Lingohr Asset Management GmbH purchased a new stake in Suncor Energy in the fourth quarter valued at approximately $449,000. Institutional investors and hedge funds own 67.37% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.00.

Suncor Energy Trading Down 0.3%

SU stock traded down $0.12 during midday trading on Monday, reaching $38.74. 898,748 shares of the company's stock traded hands, compared to its average volume of 4,472,315. The company has a market capitalization of $47.36 billion, a P/E ratio of 11.16, a PEG ratio of 3.37 and a beta of 0.80. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.39 and a quick ratio of 0.84. Suncor Energy Inc. has a fifty-two week low of $30.79 and a fifty-two week high of $41.95. The business has a 50-day moving average price of $37.73 and a two-hundred day moving average price of $37.29.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.05. The business had revenue of $9.10 billion for the quarter, compared to analysts' expectations of $13.39 billion. Suncor Energy had a net margin of 11.95% and a return on equity of 14.90%. During the same period in the previous year, the company posted $1.41 earnings per share. Equities research analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th were paid a dividend of $0.4133 per share. This is a positive change from Suncor Energy's previous quarterly dividend of $0.40. The ex-dividend date was Wednesday, June 4th. This represents a $1.65 annualized dividend and a yield of 4.27%. Suncor Energy's payout ratio is presently 47.84%.

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.