Suncor Energy Inc. (NYSE:SU) Shares Sold by Duality Advisers LP

Duality Advisers LP trimmed its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 76.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 14,835 shares of the oil and gas producer’s stock after selling 48,724 shares during the period. Duality Advisers LP’s holdings in Suncor Energy were worth $475,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. CWM LLC lifted its stake in shares of Suncor Energy by 24.0% in the 3rd quarter. CWM LLC now owns 3,361 shares of the oil and gas producer’s stock valued at $116,000 after purchasing an additional 650 shares in the last quarter. AE Wealth Management LLC lifted its stake in shares of Suncor Energy by 8.8% in the 3rd quarter. AE Wealth Management LLC now owns 8,926 shares of the oil and gas producer’s stock valued at $307,000 after purchasing an additional 723 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of Suncor Energy by 25.8% in the 3rd quarter. IFP Advisors Inc now owns 2,439 shares of the oil and gas producer’s stock valued at $84,000 after purchasing an additional 500 shares in the last quarter. Global Retirement Partners LLC lifted its stake in shares of Suncor Energy by 65.6% in the 3rd quarter. Global Retirement Partners LLC now owns 1,676 shares of the oil and gas producer’s stock valued at $53,000 after purchasing an additional 664 shares in the last quarter. Finally, Private Trust Co. NA lifted its stake in shares of Suncor Energy by 38.4% in the 3rd quarter. Private Trust Co. NA now owns 1,222 shares of the oil and gas producer’s stock valued at $42,000 after purchasing an additional 339 shares in the last quarter. 67.37% of the stock is owned by institutional investors and hedge funds.

Suncor Energy Stock Performance

Shares of NYSE:SU opened at $39.44 on Friday. The company has a market cap of $50.77 billion, a P/E ratio of 8.39, a PEG ratio of 3.46 and a beta of 1.13. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.88 and a current ratio of 1.44. Suncor Energy Inc. has a one year low of $27.59 and a one year high of $39.63. The business’s 50-day simple moving average is $36.32 and its 200 day simple moving average is $33.86.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings data on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.13. Suncor Energy had a return on equity of 16.08% and a net margin of 16.33%. The company had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $8.46 billion. During the same period in the previous year, the business earned $1.33 EPS. On average, sell-side analysts forecast that Suncor Energy Inc. will post 3.78 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 4th were issued a dividend of $0.406 per share. The ex-dividend date was Friday, March 1st. This is an increase from Suncor Energy’s previous quarterly dividend of $0.39. This represents a $1.62 annualized dividend and a yield of 4.12%. Suncor Energy’s payout ratio is currently 34.26%.

Analyst Upgrades and Downgrades

SU has been the topic of several analyst reports. Morgan Stanley raised their target price on Suncor Energy from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Suncor Energy currently has a consensus rating of “Moderate Buy” and an average target price of $52.00.

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.