Suncor Energy Inc. (NYSE:SU) Shares Sold by Raymond James & Associates

Raymond James & Associates lessened its position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 7.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 687,542 shares of the oil and gas producer's stock after selling 52,110 shares during the period. Raymond James & Associates owned approximately 0.05% of Suncor Energy worth $22,029,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of SU. Arlington Trust Co LLC bought a new position in shares of Suncor Energy in the 3rd quarter worth $29,000. Optiver Holding B.V. bought a new position in shares of Suncor Energy in the 3rd quarter worth $29,000. Sunbelt Securities Inc. bought a new position in shares of Suncor Energy in the 1st quarter worth $31,000. Headinvest LLC bought a new position in shares of Suncor Energy in the 3rd quarter worth $40,000. Finally, Private Trust Co. NA increased its holdings in shares of Suncor Energy by 38.4% in the 3rd quarter. Private Trust Co. NA now owns 1,222 shares of the oil and gas producer's stock worth $42,000 after buying an additional 339 shares during the last quarter. Institutional investors own 67.37% of the company's stock.

Analysts Set New Price Targets

Separately, Morgan Stanley increased their price target on shares of Suncor Energy from $50.00 to $52.00 and gave the stock an "overweight" rating in a report on Thursday. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Suncor Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $52.00.

Suncor Energy Trading Up 1.1 %

Shares of Suncor Energy stock traded up $0.40 during trading on Monday, reaching $37.31. The company's stock had a trading volume of 4,729,593 shares, compared to its average volume of 4,328,754. Suncor Energy Inc. has a 52-week low of $27.59 and a 52-week high of $37.37. The company has a market cap of $48.06 billion, a price-to-earnings ratio of 7.89, a PEG ratio of 3.44 and a beta of 1.13. The firm's 50-day moving average is $33.98 and its two-hundred day moving average is $33.27. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.26.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its quarterly earnings data on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.13. Suncor Energy had a net margin of 16.33% and a return on equity of 16.08%. The company had revenue of $10.39 billion during the quarter, compared to analysts' expectations of $8.46 billion. During the same quarter in the prior year, the company earned $1.33 EPS. On average, sell-side analysts anticipate that Suncor Energy Inc. will post 3.58 earnings per share for the current year.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 4th were given a dividend of $0.406 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.62 annualized dividend and a yield of 4.35%. This is a boost from Suncor Energy's previous quarterly dividend of $0.39. Suncor Energy's dividend payout ratio is presently 34.26%.

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.