Suncor Energy Inc. (NYSE:SU) Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc reduced its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,946 shares of the oil and gas producer’s stock after selling 1,034 shares during the period. Marks Group Wealth Management Inc’s holdings in Suncor Energy were worth $735,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pinnacle Associates Ltd. grew its holdings in Suncor Energy by 0.6% during the third quarter. Pinnacle Associates Ltd. now owns 47,669 shares of the oil and gas producer’s stock worth $1,639,000 after acquiring an additional 300 shares during the period. Hexagon Capital Partners LLC boosted its stake in Suncor Energy by 19.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,931 shares of the oil and gas producer’s stock valued at $66,000 after buying an additional 308 shares in the last quarter. Private Trust Co. NA grew its position in Suncor Energy by 38.4% in the third quarter. Private Trust Co. NA now owns 1,222 shares of the oil and gas producer’s stock valued at $42,000 after acquiring an additional 339 shares during the period. Gradient Investments LLC raised its stake in Suncor Energy by 1.0% during the third quarter. Gradient Investments LLC now owns 33,205 shares of the oil and gas producer’s stock worth $1,142,000 after acquiring an additional 345 shares in the last quarter. Finally, First Financial Corp IN lifted its holdings in shares of Suncor Energy by 3.3% during the fourth quarter. First Financial Corp IN now owns 12,422 shares of the oil and gas producer’s stock valued at $398,000 after acquiring an additional 393 shares during the period. 67.37% of the stock is currently owned by institutional investors.

Suncor Energy Trading Up 0.3 %

NYSE SU traded up $0.10 on Tuesday, reaching $39.18. The company had a trading volume of 1,545,354 shares, compared to its average volume of 4,301,142. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.26. Suncor Energy Inc. has a 52 week low of $27.59 and a 52 week high of $39.34. The stock has a market cap of $50.43 billion, a price-to-earnings ratio of 8.31, a PEG ratio of 3.40 and a beta of 1.13. The stock’s 50 day moving average is $35.88 and its 200-day moving average is $33.74.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its earnings results on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $8.46 billion. During the same quarter last year, the firm earned $1.33 earnings per share. Equities analysts predict that Suncor Energy Inc. will post 3.78 earnings per share for the current year.

Suncor Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 4th were issued a $0.406 dividend. The ex-dividend date of this dividend was Friday, March 1st. This is a boost from Suncor Energy’s previous quarterly dividend of $0.39. This represents a $1.62 annualized dividend and a yield of 4.14%. Suncor Energy’s payout ratio is currently 34.26%.

Analyst Ratings Changes

SU has been the subject of a number of research analyst reports. Morgan Stanley lifted their target price on shares of Suncor Energy from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Suncor Energy has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

About Suncor Energy

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.