Segall Bryant & Hamill LLC lowered its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 11.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 317,974 shares of the oil and gas producer's stock after selling 42,065 shares during the period. Segall Bryant & Hamill LLC's holdings in Suncor Energy were worth $12,312,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Hanson & Doremus Investment Management raised its stake in Suncor Energy by 143.5% during the 1st quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer's stock valued at $31,000 after purchasing an additional 465 shares during the period. Salem Investment Counselors Inc. raised its stake in Suncor Energy by 97.6% during the 1st quarter. Salem Investment Counselors Inc. now owns 820 shares of the oil and gas producer's stock valued at $32,000 after purchasing an additional 405 shares during the period. Crowley Wealth Management Inc. acquired a new stake in Suncor Energy during the 4th quarter valued at $35,000. Lee Danner & Bass Inc. acquired a new position in shares of Suncor Energy in the fourth quarter worth $36,000. Finally, Covestor Ltd increased its stake in shares of Suncor Energy by 30.5% in the fourth quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock worth $39,000 after acquiring an additional 256 shares during the last quarter. Institutional investors own 67.37% of the company's stock.
Suncor Energy Price Performance
NYSE:SU traded down $0.26 during mid-day trading on Friday, hitting $38.83. The company's stock had a trading volume of 3,205,791 shares, compared to its average volume of 4,486,389. Suncor Energy Inc. has a fifty-two week low of $30.79 and a fifty-two week high of $41.95. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $47.47 billion, a price-to-earnings ratio of 11.19, a P/E/G ratio of 3.37 and a beta of 0.80. The stock has a fifty day moving average of $37.73 and a 200-day moving average of $37.28.
Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its quarterly earnings data 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. The company had revenue of $9.10 billion during the quarter, compared to analyst estimates of $13.39 billion. Suncor Energy had a net margin of 11.95% and a return on equity of 14.90%. During the same quarter last year, the business posted $1.41 earnings per share. As a group, equities analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.
Suncor Energy Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th were issued a $0.4133 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 4.26%. This is a positive change from Suncor Energy's previous quarterly dividend of $0.40. Suncor Energy's dividend payout ratio (DPR) is currently 47.84%.
Analysts Set New Price Targets
Separately, Wall Street Zen cut shares of 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, five have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $66.00.
Get Our Latest Stock Analysis on Suncor Energy
About Suncor Energy
(
Free Report)
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.
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