NBT Bank N A NY reduced its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 11.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 7,651 shares of the oil and gas producer’s stock after selling 965 shares during the period. NBT Bank N A NY’s holdings in Suncor Energy were worth $224,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Peapack Gladstone Financial Corp boosted its stake in Suncor Energy by 0.3% in the first quarter. Peapack Gladstone Financial Corp now owns 13,176 shares of the oil and gas producer’s stock valued at $405,000 after buying an additional 40 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its stake in Suncor Energy by 1.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 4,061 shares of the oil and gas producer’s stock valued at $128,000 after buying an additional 42 shares in the last quarter. Financial Architects Inc boosted its stake in Suncor Energy by 1.4% in the second quarter. Financial Architects Inc now owns 6,806 shares of the oil and gas producer’s stock valued at $199,000 after buying an additional 93 shares in the last quarter. Keybank National Association OH boosted its stake in Suncor Energy by 0.6% in the first quarter. Keybank National Association OH now owns 18,447 shares of the oil and gas producer’s stock valued at $567,000 after buying an additional 103 shares in the last quarter. Finally, Gateway Investment Advisers LLC boosted its stake in Suncor Energy by 0.7% in the second quarter. Gateway Investment Advisers LLC now owns 17,676 shares of the oil and gas producer’s stock valued at $516,000 after buying an additional 116 shares in the last quarter. 64.07% of the stock is owned by hedge funds and other institutional investors.

Suncor Energy Inc. (SU) opened at 31.19 on Thursday. Suncor Energy Inc. has a 52-week low of $25.70 and a 52-week high of $33.79. The stock’s 50 day moving average price is $31.22 and its 200 day moving average price is $30.94. The stock has a market capitalization of $51.76 billion, a price-to-earnings ratio of 24.48 and a beta of 0.82.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Tuesday, September 5th will be given a $0.2552 dividend. This is an increase from Suncor Energy ‘s previous quarterly dividend of $0.24. The ex-dividend date is Thursday, August 31st. This represents a $1.02 dividend on an annualized basis and a yield of 3.27%. Suncor Energy ‘s dividend payout ratio is presently 77.87%.

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Several research firms recently commented on SU. BidaskClub cut Suncor Energy from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Piper Jaffray Companies lowered their price objective on Suncor Energy from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, July 3rd. National Bank Financial initiated coverage on Suncor Energy in a research report on Tuesday, June 27th. They issued an “outperform” rating for the company. Scotiabank lowered Suncor Energy from an “outperform” rating to a “sector perform” rating in a research report on Friday, June 9th. Finally, AltaCorp Capital lowered Suncor Energy from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $42.86.

About Suncor Energy

Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.

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

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