Rempart Asset Management Inc. Sells 30,190 Shares of Suncor Energy Inc. (NYSE:SU)

Rempart Asset Management Inc. decreased its position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 5.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 481,442 shares of the oil and gas producer's stock after selling 30,190 shares during the period. Suncor Energy comprises about 3.8% of Rempart Asset Management Inc.'s holdings, making the stock its 15th largest holding. Rempart Asset Management Inc.'s holdings in Suncor Energy were worth $18,649,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SU. HHM Wealth Advisors LLC lifted its position in Suncor Energy by 62.1% during the 4th quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer's stock valued at $30,000 after acquiring an additional 325 shares during the period. Crowley Wealth Management Inc. bought a new stake in shares of Suncor Energy in the 4th quarter worth approximately $35,000. Lee Danner & Bass Inc. purchased a new stake in shares of Suncor Energy in the 4th quarter worth approximately $36,000. Golden State Wealth Management LLC bought a new position in Suncor Energy during the 4th quarter valued at approximately $39,000. Finally, Covestor Ltd raised its stake in Suncor Energy by 30.5% during 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 last quarter. Institutional investors own 67.37% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wall Street Zen downgraded Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Bank of America assumed coverage on shares of Suncor Energy in a report on Wednesday, February 26th. They issued a "neutral" rating for the company. Scotiabank upgraded shares of Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Tudor Pickering upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Finally, Cibc World Mkts raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Suncor Energy currently has an average rating of "Moderate Buy" and a consensus price target of $64.67.

Suncor Energy Price Performance

Shares of SU stock traded down $0.16 on Friday, hitting $35.60. 3,871,094 shares of the stock traded hands, compared to its average volume of 4,475,011. The firm has a market cap of $43.90 billion, a price-to-earnings ratio of 10.32, a PEG ratio of 2.94 and a beta of 0.79. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. The firm has a 50 day simple moving average of $35.32 and a two-hundred day simple moving average of $37.12. Suncor Energy Inc. has a 52 week low of $30.79 and a 52 week high of $41.95.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.05. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. The business had revenue of $9.10 billion during the quarter, compared to the consensus estimate of $13.39 billion. During the same period in the prior year, the company posted $1.41 EPS. As a group, equities research analysts predict 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 Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be issued a $0.4133 dividend. This is an increase from Suncor Energy's previous quarterly dividend of $0.40. This represents a $1.65 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date of this dividend is Wednesday, June 4th. Suncor Energy's payout ratio is currently 45.53%.

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.