Cambridge Investment Research Advisors Inc. Sells 1,679 Shares of Suncor Energy Inc. (NYSE:SU)

Cambridge Investment Research Advisors Inc. decreased its holdings in Suncor Energy Inc. (NYSE:SU – Get Rating) (TSE:SU) by 5.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,167 shares of the oil and gas producer’s stock after selling 1,679 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Suncor Energy were worth $1,021,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hanson & Doremus Investment Management increased its stake in shares of Suncor Energy by 143.5% during the fourth quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer’s stock worth $25,000 after purchasing an additional 465 shares during the period. Toth Financial Advisory Corp increased its stake in shares of Suncor Energy by 42.9% during the fourth quarter. Toth Financial Advisory Corp now owns 1,000 shares of the oil and gas producer’s stock worth $32,000 after purchasing an additional 300 shares during the period. Thomas J. Herzfeld Advisors Inc. bought a new position in shares of Suncor Energy during the third quarter worth approximately $40,000. CENTRAL TRUST Co increased its stake in shares of Suncor Energy by 122.2% during the third quarter. CENTRAL TRUST Co now owns 2,000 shares of the oil and gas producer’s stock worth $56,000 after purchasing an additional 1,100 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in shares of Suncor Energy by 63.9% during the third quarter. Jones Financial Companies Lllp now owns 2,292 shares of the oil and gas producer’s stock worth $64,000 after purchasing an additional 894 shares during the period. Institutional investors own 58.04% of the company’s stock.

Analyst Upgrades and Downgrades

SU has been the topic of a number of recent research reports. National Bank Financial upgraded Suncor Energy from a “sector perform” rating to an “outperform” rating in a research note on Friday, April 28th. Scotiabank lowered Suncor Energy from a “sector outperform” rating to a “sector perform” rating in a research note on Tuesday, March 21st. StockNews.com initiated coverage on Suncor Energy in a research note on Thursday. They set a “hold” rating on the stock. Finally, TD Securities raised their price objective on Suncor Energy from C$52.00 to C$53.00 in a research note on Wednesday, February 15th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $54.57.

Suncor Energy Trading Up 0.8 %

Shares of SU stock opened at $28.73 on Friday. The stock’s fifty day moving average price is $30.37 and its two-hundred day moving average price is $32.19. The company has a market cap of $37.70 billion, a PE ratio of 6.36, a P/E/G ratio of 0.62 and a beta of 1.28. Suncor Energy Inc. has a fifty-two week low of $26.42 and a fifty-two week high of $42.72. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.69 and a current ratio of 1.11.

Suncor Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 26th. Shareholders of record on Monday, June 5th will be issued a $0.384 dividend. This represents a $1.54 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date is Friday, June 2nd. Suncor Energy’s dividend payout ratio is presently 33.63%.

Suncor Energy Profile

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Suncor Energy, Inc is an integrated energy company, which engages in the development of petroleum resource basins. It operates through the following segments: Oil Sands, Exploration and Production, Refining and Marketing, and Corporate and Eliminations. The Oil Sands segment operates assets in the Athabasca oil sands of northeast Alberta.