Suncor Energy Inc. (NYSE:SU) Stake Cut by Brown Advisory Inc.

Brown Advisory Inc. lessened its holdings in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 6.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,081,212 shares of the oil and gas producer's stock after selling 219,825 shares during the quarter. Brown Advisory Inc. owned approximately 0.25% of Suncor Energy worth $109,938,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in SU. HHM Wealth Advisors LLC grew its stake in Suncor Energy by 62.1% in the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer's stock valued at $30,000 after purchasing an additional 325 shares in the last quarter. Crowley Wealth Management Inc. bought a new stake in shares of Suncor Energy in the 4th quarter valued at approximately $35,000. Lee Danner & Bass Inc. acquired a new position in Suncor Energy in the fourth quarter worth approximately $36,000. Golden State Wealth Management LLC bought a new position in Suncor Energy during the fourth quarter valued at approximately $39,000. Finally, Covestor Ltd lifted its stake in Suncor Energy by 30.5% in the fourth quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock valued at $39,000 after acquiring an additional 256 shares during the last quarter. Institutional investors and hedge funds own 67.37% of the company's stock.

Suncor Energy Stock Up 0.9 %

Shares of SU stock opened at $36.03 on Monday. Suncor Energy Inc. has a 12 month low of $30.79 and a 12 month high of $41.95. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. The firm has a market cap of $44.43 billion, a PE ratio of 10.44, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79. The stock has a 50 day moving average of $35.85 and a 200-day moving average of $37.55.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. On average, equities analysts predict that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th were paid a dividend of $0.399 per share. The ex-dividend date was Tuesday, March 4th. This represents a $1.60 annualized dividend and a yield of 4.43%. Suncor Energy's dividend payout ratio is 45.51%.

Analyst Upgrades and Downgrades

SU has been the topic of several analyst reports. Bank of America began coverage on shares of Suncor Energy in a research note on Wednesday, February 26th. They set a "neutral" rating on the stock. Royal Bank of Canada reissued an "outperform" rating and set a $66.00 target price on shares of Suncor Energy in a research report on Tuesday, January 7th. Scotiabank raised Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Cibc World Mkts raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Finally, StockNews.com lowered Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Suncor Energy presently has an average rating of "Moderate Buy" and a consensus target price 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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