Suncor Energy Inc. (NYSE:SU) Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. lessened its stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 33.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 64,083 shares of the oil and gas producer's stock after selling 32,234 shares during the period. Shell Asset Management Co.'s holdings in Suncor Energy were worth $2,286,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. HHM Wealth Advisors LLC grew its position in shares of 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 worth $30,000 after buying an additional 325 shares in the last quarter. Crowley Wealth Management Inc. purchased a new stake in Suncor Energy during the fourth quarter worth $35,000. Lee Danner & Bass Inc. bought a new stake in Suncor Energy during the 4th quarter valued at $36,000. Golden State Wealth Management LLC purchased a new position in shares of Suncor Energy in the 4th quarter valued at $39,000. Finally, Covestor Ltd lifted its stake in shares of Suncor Energy by 30.5% during the 4th quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock worth $39,000 after purchasing an additional 256 shares during the last quarter. Hedge funds and other institutional investors own 67.37% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on SU. Scotiabank raised Suncor Energy to a "hold" rating in a report on Wednesday, March 19th. Cibc World Mkts upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Tudor Pickering upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. StockNews.com lowered shares of Suncor Energy from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. Finally, Bank of America initiated coverage on Suncor Energy in a research report on Wednesday, February 26th. They set a "neutral" rating on the stock. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $59.20.

Suncor Energy Stock Performance

Suncor Energy stock traded down $0.17 during mid-day trading on Tuesday, reaching $35.22. 2,722,050 shares of the company were exchanged, compared to its average volume of 4,524,517. Suncor Energy Inc. has a twelve month low of $30.79 and a twelve month high of $41.95. The firm's 50-day simple moving average is $35.67 and its two-hundred day simple moving average is $37.31. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33. The firm has a market cap of $43.43 billion, a PE ratio of 10.21, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79.

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 analysts' consensus estimates of $0.86 by $0.05. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. The company had revenue of $9.10 billion during the quarter, compared to analysts' expectations of $13.39 billion. During the same period last year, the firm earned $1.41 EPS. Equities 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 disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.4133 per share. This represents a $1.65 dividend on an annualized basis and a yield of 4.69%. This is a boost from Suncor Energy's previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, June 4th. Suncor Energy's dividend payout ratio (DPR) is presently 45.53%.

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.