Brown Advisory Inc. Sells 219,825 Shares of Suncor Energy Inc. (NYSE:SU)

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

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Suncor Energy by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 53,019,357 shares of the oil and gas producer's stock worth $1,892,526,000 after purchasing an additional 323,714 shares in the last quarter. Artisan Partners Limited Partnership raised its position in shares of Suncor Energy by 0.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 24,289,019 shares of the oil and gas producer's stock valued at $865,885,000 after buying an additional 169,700 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Suncor Energy by 0.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 23,308,055 shares of the oil and gas producer's stock worth $831,631,000 after acquiring an additional 209,447 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Suncor Energy by 4.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 10,981,927 shares of the oil and gas producer's stock worth $391,809,000 after acquiring an additional 445,613 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Suncor Energy by 4.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,132,812 shares of the oil and gas producer's stock valued at $361,227,000 after acquiring an additional 437,252 shares during the last quarter. Institutional investors and hedge funds own 67.37% of the company's stock.

Suncor Energy Trading Up 2.1 %

SU stock traded up $0.72 during trading on Friday, hitting $34.97. The company had a trading volume of 4,911,108 shares, compared to its average volume of 4,573,309. The stock has a market cap of $43.12 billion, a PE ratio of 10.14, a PEG ratio of 2.94 and a beta of 0.79. The business has a 50-day moving average of $35.59 and a 200-day moving average of $37.41. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. Suncor Energy Inc. has a one year low of $30.79 and a one year high of $41.95.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 EPS for the quarter, topping the consensus estimate of $0.86 by $0.05. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. The business had revenue of $9.10 billion during the quarter, compared to analysts' expectations of $13.39 billion. During the same quarter last year, the firm posted $1.41 earnings per share. Research analysts predict that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The company also recently declared 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. The ex-dividend date is Wednesday, June 4th. This represents a $1.65 annualized dividend and a yield of 4.73%. This is a positive change from Suncor Energy's previous quarterly dividend of $0.40. Suncor Energy's dividend payout ratio is presently 45.24%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. StockNews.com lowered Suncor Energy from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Bank of America began coverage on shares of Suncor Energy in a research note on Wednesday, February 26th. They issued a "neutral" rating for the company. Scotiabank raised shares of Suncor Energy to a "hold" rating in a research note on Wednesday, March 19th. Finally, Tudor Pickering upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $59.20.

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.