Janney Montgomery Scott LLC Sells 26,259 Shares of Suncor Energy Inc. (NYSE:SU)

Janney Montgomery Scott LLC decreased its holdings in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 42.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,252 shares of the oil and gas producer's stock after selling 26,259 shares during the quarter. Janney Montgomery Scott LLC's holdings in Suncor Energy were worth $1,365,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SU. Jupiter Asset Management Ltd. raised its holdings in Suncor Energy by 2,061.8% in the 4th quarter. Jupiter Asset Management Ltd. now owns 2,438,291 shares of the oil and gas producer's stock valued at $86,990,000 after acquiring an additional 2,325,503 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Suncor Energy by 500.4% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,453,314 shares of the oil and gas producer's stock valued at $87,459,000 after acquiring an additional 2,044,680 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Suncor Energy by 97.4% in the 4th quarter. Fisher Asset Management LLC now owns 3,734,572 shares of the oil and gas producer's stock valued at $133,250,000 after acquiring an additional 1,842,791 shares in the last quarter. Geode Capital Management LLC raised its holdings in Suncor Energy by 29.5% in the 4th quarter. Geode Capital Management LLC now owns 7,629,169 shares of the oil and gas producer's stock valued at $278,537,000 after acquiring an additional 1,737,573 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Suncor Energy by 104.2% in the 4th quarter. Bank of New York Mellon Corp now owns 3,083,440 shares of the oil and gas producer's stock valued at $110,017,000 after acquiring an additional 1,573,726 shares in the last quarter. Institutional investors own 67.37% of the company's stock.

Wall Street Analysts Forecast Growth

SU has been the subject of several recent research reports. Scotiabank raised Suncor Energy to a "hold" rating in a report on Wednesday, March 19th. Wall Street Zen cut 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, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $64.67.

Suncor Energy Price Performance

SU stock traded down $0.44 during midday trading on Friday, reaching $37.53. 6,582,328 shares of the company's stock traded hands, compared to its average volume of 4,474,124. The company has a 50-day simple moving average of $36.65 and a two-hundred day simple moving average of $36.94. Suncor Energy Inc. has a 1-year low of $30.79 and a 1-year high of $41.95. The company has a market cap of $45.89 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 3.27 and a beta of 0.79. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 0.21.

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

Suncor Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th were issued a $0.4133 dividend. This is a positive change from Suncor Energy's previous quarterly dividend of $0.40. This represents a $1.65 annualized dividend and a yield of 4.40%. The ex-dividend date was Wednesday, June 4th. Suncor Energy's dividend payout ratio is currently 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.