Schechter Investment Advisors LLC Sells 7,988 Shares of Suncor Energy Inc. (NYSE:SU)

Schechter Investment Advisors LLC cut its holdings in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 32.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,257 shares of the oil and gas producer's stock after selling 7,988 shares during the quarter. Schechter Investment Advisors LLC's holdings in Suncor Energy were worth $629,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SU. Hanson & Doremus Investment Management increased its stake in Suncor Energy by 143.5% in the first quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer's stock valued at $31,000 after acquiring an additional 465 shares during the last quarter. Salem Investment Counselors Inc. lifted its holdings in shares of Suncor Energy by 97.6% during the first quarter. Salem Investment Counselors Inc. now owns 820 shares of the oil and gas producer's stock worth $32,000 after purchasing an additional 405 shares during the period. Crowley Wealth Management Inc. acquired a new position in shares of Suncor Energy during the fourth quarter worth $35,000. Lee Danner & Bass Inc. acquired a new position in shares of Suncor Energy during the fourth quarter worth $36,000. Finally, Covestor Ltd lifted its holdings in Suncor Energy by 30.5% in the fourth quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock valued at $39,000 after buying an additional 256 shares during the period. 67.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SU. Wall Street Zen lowered shares of Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Scotiabank raised shares of Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Suncor Energy currently has an average rating of "Moderate Buy" and a consensus target price of $67.00.

Suncor Energy Stock Down 0.6%

SU stock traded down $0.25 during trading on Wednesday, reaching $39.17. The stock had a trading volume of 3,555,537 shares, compared to its average volume of 4,477,340. Suncor Energy Inc. has a one year low of $30.79 and a one year high of $41.95. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 0.21. The company's 50 day moving average is $37.56 and its two-hundred day moving average is $37.22. The company has a market capitalization of $47.90 billion, a price-to-earnings ratio of 11.29, a P/E/G ratio of 3.38 and a beta of 0.80.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its 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. The firm 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 earned $1.41 earnings per share. Equities research analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th were paid a dividend of $0.4133 per share. This is a boost from Suncor Energy's previous quarterly dividend of $0.40. This represents a $1.65 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date was Wednesday, June 4th. Suncor Energy's dividend payout ratio is presently 47.84%.

About Suncor Energy

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.