Oppenheimer & Co. Inc. trimmed its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 6.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,576 shares of the oil and gas producer’s stock after selling 662 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Suncor Energy were worth $280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of SU. BlackRock Inc. grew its position in Suncor Energy by 11,547,276.0% during the 1st quarter. BlackRock Inc. now owns 23,556,647 shares of the oil and gas producer’s stock worth $724,366,000 after acquiring an additional 23,556,443 shares during the last quarter. OppenheimerFunds Inc. grew its position in Suncor Energy by 39.1% during the 1st quarter. OppenheimerFunds Inc. now owns 15,323,679 shares of the oil and gas producer’s stock worth $471,203,000 after acquiring an additional 4,309,173 shares during the last quarter. FMR LLC grew its position in Suncor Energy by 3.4% during the 1st quarter. FMR LLC now owns 105,191,127 shares of the oil and gas producer’s stock worth $3,229,653,000 after acquiring an additional 3,492,013 shares during the last quarter. Wellington Management Group LLP grew its position in Suncor Energy by 5.2% during the 1st quarter. Wellington Management Group LLP now owns 62,617,740 shares of the oil and gas producer’s stock worth $1,922,960,000 after acquiring an additional 3,103,397 shares during the last quarter. Finally, Bank of America Corp DE grew its position in Suncor Energy by 30.4% during the 1st quarter. Bank of America Corp DE now owns 8,870,177 shares of the oil and gas producer’s stock worth $272,758,000 after acquiring an additional 2,065,451 shares during the last quarter. Institutional investors and hedge funds own 64.05% of the company’s stock.

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Shares of Suncor Energy Inc. (NYSE SU) opened at 33.97 on Tuesday. The company has a market capitalization of $56.37 billion, a price-to-earnings ratio of 26.31 and a beta of 0.82. Suncor Energy Inc. has a 12 month low of $25.70 and a 12 month high of $34.37. The stock has a 50 day moving average price of $32.30 and a 200-day moving average price of $31.02.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Tuesday, September 5th will be paid a dividend of $0.2552 per share. This is a boost 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 dividend yield of 3.00%. Suncor Energy ‘s dividend payout ratio is currently 84.43%.

Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Suncor Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 12th. BidaskClub lowered Suncor Energy from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Citigroup Inc. restated a “buy” rating on shares of Suncor Energy in a research report on Wednesday, August 2nd. AltaCorp Capital lowered Suncor Energy from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 28th. Finally, Barclays PLC restated an “overweight” rating and set a $52.00 price target (up from $47.00) on shares of Suncor Energy in a research report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Suncor Energy has an average rating of “Buy” and a consensus target price 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.

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

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