Nicola Wealth Management LTD. Has $19.60 Million Holdings in Suncor Energy Inc. (NYSE:SU)

Nicola Wealth Management LTD. cut its stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 23.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 611,722 shares of the oil and gas producer's stock after selling 189,678 shares during the period. Suncor Energy comprises approximately 2.3% of Nicola Wealth Management LTD.'s investment portfolio, making the stock its 15th biggest position. Nicola Wealth Management LTD.'s holdings in Suncor Energy were worth $19,600,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of SU. Optiver Holding B.V. acquired a new stake in Suncor Energy in the third quarter valued at $29,000. Benjamin F. Edwards & Company Inc. increased its holdings in Suncor Energy by 43.2% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,038 shares of the oil and gas producer's stock valued at $33,000 after purchasing an additional 313 shares during the period. Headinvest LLC acquired a new stake in Suncor Energy in the third quarter valued at $40,000. Bruce G. Allen Investments LLC acquired a new stake in Suncor Energy in the fourth quarter valued at $46,000. Finally, NBC Securities Inc. acquired a new stake in Suncor Energy in the third quarter valued at $54,000. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SU has been the subject of a number of recent research reports. StockNews.com upgraded Suncor Energy from a "hold" rating to a "buy" rating in a report on Thursday. Morgan Stanley upped their price target on shares of Suncor Energy from $50.00 to $52.00 and gave the company an "overweight" rating in a research report on Thursday, March 28th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $52.00.

Suncor Energy Stock Up 0.8 %

Shares of SU stock traded up $0.32 on Friday, reaching $40.10. 3,539,704 shares of the company were exchanged, compared to its average volume of 4,303,030. The company has a market cap of $51.56 billion, a price-to-earnings ratio of 8.93, a PEG ratio of 3.48 and a beta of 1.11. The company has a 50-day moving average of $37.98 and a 200-day moving average of $34.48. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.51 and a quick ratio of 0.97. Suncor Energy Inc. has a one year low of $27.59 and a one year high of $40.69.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its quarterly earnings data on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.13. The company had revenue of $10.39 billion for the quarter, compared to analysts' expectations of $8.46 billion. Suncor Energy had a net margin of 15.38% and a return on equity of 15.69%. During the same quarter in the prior year, the firm earned $1.33 EPS. Analysts anticipate that Suncor Energy Inc. will post 3.77 earnings per share for the current year.

Suncor Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Tuesday, June 4th will be given a dividend of $0.395 per share. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 3.94%. Suncor Energy's dividend payout ratio (DPR) is presently 35.86%.

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.

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