Thomas White International Ltd. Sells 50,347 Shares of Suncor Energy Inc. (SU)
Thomas White International Ltd. decreased its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 35.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 91,578 shares of the oil and gas producer’s stock after selling 50,347 shares during the period. Thomas White International Ltd.’s holdings in Suncor Energy were worth $2,674,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Peapack Gladstone Financial Corp increased 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 worth $405,000 after buying an additional 40 shares during the last quarter. YorkBridge Wealth Partners LLC increased 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 worth $128,000 after buying an additional 42 shares during the last quarter. Financial Architects Inc increased 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 worth $199,000 after buying an additional 93 shares during the last quarter. Keybank National Association OH increased 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 worth $567,000 after buying an additional 103 shares during the last quarter. Finally, Gateway Investment Advisers LLC increased 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 worth $516,000 after buying an additional 116 shares during the last quarter. 64.07% of the stock is currently owned by institutional investors and hedge funds.
Suncor Energy Inc. (NYSE:SU) traded up 0.70% on Thursday, reaching $31.15. 402,968 shares of the company traded hands. The stock has a 50-day moving average of $31.22 and a 200 day moving average of $30.94. The company has a market capitalization of $51.69 billion, a PE ratio of 24.45 and a beta of 0.82. Suncor Energy Inc. has a 52-week low of $25.70 and a 52-week high of $33.79.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Tuesday, September 5th will be issued a $0.2552 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This is a positive change from Suncor Energy ‘s previous quarterly dividend of $0.24. This represents a $1.02 annualized dividend and a yield of 3.27%. Suncor Energy ‘s dividend payout ratio is 77.87%.
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A number of equities research analysts have weighed in on the company. BidaskClub downgraded Suncor Energy from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Citigroup Inc. reaffirmed a “buy” rating on shares of Suncor Energy in a report on Wednesday, August 2nd. AltaCorp Capital downgraded Suncor Energy from an “outperform” rating to a “sector perform” rating in a report on Friday, July 28th. Barclays PLC reaffirmed an “overweight” rating and set a $52.00 price objective (up from $47.00) on shares of Suncor Energy in a report on Wednesday, July 12th. Finally, Piper Jaffray Companies decreased their price objective on Suncor Energy from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, July 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $42.86.
Suncor Energy Company Profile
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.
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