Voya Investment Management LLC Sells 7,575 Shares of Suncor Energy Inc. (NYSE:SU)

Voya Investment Management LLC lowered its position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 200,693 shares of the oil and gas producer's stock after selling 7,575 shares during the quarter. Voya Investment Management LLC's holdings in Suncor Energy were worth $7,160,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. World Investment Advisors LLC boosted its position in Suncor Energy by 5.9% during the 3rd quarter. World Investment Advisors LLC now owns 15,641 shares of the oil and gas producer's stock worth $577,000 after acquiring an additional 865 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Suncor Energy in the third quarter valued at about $104,000. Tidal Investments LLC raised its position in Suncor Energy by 59.6% during the third quarter. Tidal Investments LLC now owns 21,971 shares of the oil and gas producer's stock worth $811,000 after acquiring an additional 8,207 shares in the last quarter. Synovus Financial Corp lifted its stake in Suncor Energy by 11.7% in the 3rd quarter. Synovus Financial Corp now owns 81,371 shares of the oil and gas producer's stock valued at $3,004,000 after purchasing an additional 8,519 shares during the last quarter. Finally, Peapack Gladstone Financial Corp bought a new position in Suncor Energy during the third quarter worth about $206,000. Institutional investors own 67.37% of the company's stock.

Analyst Upgrades and Downgrades

SU has been the topic of several recent research reports. StockNews.com cut shares of Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Bank of America assumed coverage on shares of Suncor Energy in a report on Wednesday, February 26th. They set a "neutral" rating for the company. Tudor Pickering raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Finally, Scotiabank upgraded shares of Suncor Energy to a "hold" rating in a report on Wednesday, March 19th. Five research 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. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $59.20.

Suncor Energy Stock Down 2.9 %

NYSE:SU traded down $1.04 during trading hours on Monday, hitting $35.01. 1,544,850 shares of the company traded hands, compared to its average volume of 4,479,466. The firm's 50-day simple moving average is $35.85 and its 200-day simple moving average is $37.55. The company has a market cap of $43.17 billion, a PE ratio of 10.16, a PEG ratio of 2.94 and a beta of 0.79. The company has a quick ratio of 0.86, a current ratio of 1.33 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 posted its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.07. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. Equities analysts predict that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th were given a dividend of $0.399 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a yield of 4.56%. Suncor Energy's dividend payout ratio is presently 45.51%.

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.