Exencial Wealth Advisors LLC Sells 16,140 Shares of Suncor Energy Inc. (NYSE:SU)

Exencial Wealth Advisors LLC reduced its position in Suncor Energy Inc. (NYSE:SUFree Report) (TSE:SU) by 13.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 105,293 shares of the oil and gas producer’s stock after selling 16,140 shares during the period. Exencial Wealth Advisors LLC’s holdings in Suncor Energy were worth $3,374,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of SU. TD Asset Management Inc lifted its position in shares of Suncor Energy by 16.8% during the fourth quarter. TD Asset Management Inc now owns 32,070,496 shares of the oil and gas producer’s stock worth $1,032,453,000 after purchasing an additional 4,612,764 shares during the last quarter. Invesco Ltd. grew its stake in Suncor Energy by 35.0% in the third quarter. Invesco Ltd. now owns 16,466,624 shares of the oil and gas producer’s stock worth $566,123,000 after purchasing an additional 4,271,009 shares in the last quarter. Alberta Investment Management Corp lifted its holdings in shares of Suncor Energy by 113.8% in the 3rd quarter. Alberta Investment Management Corp now owns 7,630,881 shares of the oil and gas producer’s stock worth $263,614,000 after buying an additional 4,062,019 shares during the period. AGF Management Ltd. grew its position in shares of Suncor Energy by 454.9% during the 4th quarter. AGF Management Ltd. now owns 3,586,421 shares of the oil and gas producer’s stock worth $114,909,000 after buying an additional 2,940,103 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Suncor Energy by 307.1% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,338,858 shares of the oil and gas producer’s stock valued at $114,869,000 after buying an additional 2,518,758 shares during the period. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Suncor Energy Stock Down 1.0 %

Shares of SU stock opened at $37.99 on Friday. The stock’s fifty day moving average price is $39.01 and its 200 day moving average price is $35.15. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.51 and a quick ratio of 0.97. Suncor Energy Inc. has a 1-year low of $28.07 and a 1-year high of $41.50. The company has a market cap of $48.85 billion, a price-to-earnings ratio of 8.46, a price-to-earnings-growth ratio of 3.53 and a beta of 1.11.

Suncor Energy (NYSE:SUGet Free Report) (TSE:SU) last released its earnings results on Tuesday, May 7th. The oil and gas producer reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.15. The company had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $8.64 billion. Suncor Energy had a net margin of 15.38% and a return on equity of 15.69%. On average, research analysts expect that Suncor Energy Inc. will post 3.62 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Tuesday, June 4th will be given a dividend of $0.395 per share. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $1.58 dividend on an annualized basis and a yield of 4.16%. Suncor Energy’s dividend payout ratio is currently 35.19%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. StockNews.com upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, May 16th. Morgan Stanley upped their target price on Suncor Energy from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. The Goldman Sachs Group lifted their price target on Suncor Energy from $38.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Raymond James upgraded Suncor Energy to a “hold” rating in a research note on Tuesday, May 28th. Finally, TD Securities lifted their target price on Suncor Energy from $52.00 to $57.00 and gave the company a “hold” rating in a research note on Wednesday, May 22nd. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Suncor Energy currently has an average rating of “Moderate Buy” and a consensus price target of $51.67.

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Suncor Energy Profile

(Free Report)

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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Institutional Ownership by Quarter for Suncor Energy (NYSE:SU)

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