Suncor Energy Inc. (NYSE:SU) Shares Sold by LPL Financial LLC

LPL Financial LLC trimmed its holdings in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 15.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 200,348 shares of the oil and gas producer's stock after selling 36,453 shares during the quarter. LPL Financial LLC's holdings in Suncor Energy were worth $7,757,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Toronto Dominion Bank boosted its holdings in shares of Suncor Energy by 3.0% in the 4th quarter. Toronto Dominion Bank now owns 19,098,225 shares of the oil and gas producer's stock worth $680,847,000 after purchasing an additional 552,018 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Suncor Energy by 65.0% in the 1st quarter. Principal Financial Group Inc. now owns 16,018,129 shares of the oil and gas producer's stock worth $620,136,000 after purchasing an additional 6,311,513 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Suncor Energy by 4.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 10,981,927 shares of the oil and gas producer's stock valued at $391,809,000 after acquiring an additional 445,613 shares during the period. Allianz Asset Management GmbH boosted its holdings in Suncor Energy by 5.6% during the 1st quarter. Allianz Asset Management GmbH now owns 3,594,783 shares of the oil and gas producer's stock valued at $139,169,000 after acquiring an additional 191,802 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Suncor Energy by 13.3% during the 1st quarter. Bank of New York Mellon Corp now owns 3,492,472 shares of the oil and gas producer's stock valued at $135,228,000 after acquiring an additional 409,032 shares during the period. 67.37% of the stock is currently owned by hedge funds and other institutional investors.

Suncor Energy Stock Up 0.2%

Suncor Energy stock traded up $0.09 during mid-day trading on Wednesday, reaching $38.93. 2,016,735 shares of the company were exchanged, compared to its average volume of 4,725,183. The business has a fifty day moving average of $38.91 and a 200 day moving average of $37.36. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.77 and a current ratio of 1.26. The firm has a market cap of $47.41 billion, a P/E ratio of 11.98, a PEG ratio of 3.34 and a beta of 0.84. Suncor Energy Inc. has a 12-month low of $30.79 and a 12-month high of $41.94.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its quarterly earnings data on Tuesday, August 5th. The oil and gas producer reported $0.51 EPS for the quarter, beating the consensus estimate of $0.50 by $0.01. Suncor Energy had a return on equity of 13.21% and a net margin of 11.35%. The firm had revenue of $8.81 billion during the quarter, compared to analyst estimates of $11.56 billion. During the same quarter in the prior year, the business posted $1.27 EPS. Research analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be given a dividend of $0.4135 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $1.65 annualized dividend and a yield of 4.2%. This is an increase from Suncor Energy's previous quarterly dividend of $0.41. Suncor Energy's payout ratio is 50.46%.

Analyst Ratings Changes

Separately, Wall Street Zen cut Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Four analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Suncor Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $66.00.

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.