Suncor Energy Inc. (NYSE:SU) Shares Sold by Concentric Capital Strategies LP

Concentric Capital Strategies LP lessened its holdings in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 49.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 76,144 shares of the oil and gas producer's stock after selling 75,263 shares during the quarter. Concentric Capital Strategies LP's holdings in Suncor Energy were worth $2,717,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. HHM Wealth Advisors LLC grew 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 worth $30,000 after purchasing an additional 325 shares during the last quarter. Crowley Wealth Management Inc. acquired a new stake in shares of Suncor Energy during the fourth quarter worth $35,000. Lee Danner & Bass Inc. purchased a new stake in shares of Suncor Energy during the fourth quarter valued at $36,000. Golden State Wealth Management LLC acquired a new position in shares of Suncor Energy in the 4th quarter valued at $39,000. Finally, Covestor Ltd raised its stake in Suncor Energy by 30.5% in the 4th 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. Hedge funds and other institutional investors own 67.37% of the company's stock.

Suncor Energy Stock Performance

SU opened at $33.99 on Thursday. The stock has a market cap of $41.91 billion, a P/E ratio of 9.85, a P/E/G 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 fifty day moving average price of $35.64 and a 200 day moving average price of $37.48. Suncor Energy Inc. has a 1 year low of $30.79 and a 1 year high of $41.95.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued 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 net margin of 11.80% and a return on equity of 15.37%. The business had revenue of $9.10 billion during the quarter, compared to the consensus estimate of $13.39 billion. During the same quarter in the prior year, the firm posted $1.41 earnings per share. Equities research analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Increases Dividend

The firm also recently disclosed 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 a positive change from Suncor Energy's previous quarterly dividend of $0.40. This represents a $1.65 annualized dividend and a yield of 4.86%. The ex-dividend date of this dividend is Wednesday, June 4th. Suncor Energy's dividend payout ratio (DPR) is presently 45.24%.

Wall Street Analyst Weigh In

SU has been the topic of a number of research reports. Scotiabank raised Suncor Energy to a "hold" rating in a report on Wednesday, March 19th. Bank of America initiated coverage on shares of Suncor Energy in a report on Wednesday, February 26th. They issued a "neutral" rating on the stock. Cibc World Mkts raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. StockNews.com downgraded shares of Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Finally, Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $59.20.

About Suncor Energy

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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