Suncor Energy Inc. (NYSE:SU) Stock Holdings Lessened by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC reduced its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 9.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,218 shares of the oil and gas producer’s stock after selling 748 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Suncor Energy were worth $231,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SU. Assetmark Inc. acquired a new stake in Suncor Energy during the 3rd quarter valued at $1,069,000. Fifth Third Bancorp increased its stake in shares of Suncor Energy by 22.2% in the third quarter. Fifth Third Bancorp now owns 6,957 shares of the oil and gas producer’s stock worth $239,000 after acquiring an additional 1,264 shares during the last quarter. 180 Wealth Advisors LLC increased its stake in shares of Suncor Energy by 4.5% in the third quarter. 180 Wealth Advisors LLC now owns 9,766 shares of the oil and gas producer’s stock worth $336,000 after acquiring an additional 420 shares during the last quarter. Nilsine Partners LLC acquired a new position in shares of Suncor Energy in the third quarter worth $219,000. Finally, Venturi Wealth Management LLC acquired a new position in shares of Suncor Energy in the third quarter worth $69,000. 67.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on SU shares. Morgan Stanley upped their price target on shares of Suncor Energy from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Suncor Energy presently has an average rating of “Moderate Buy” and a consensus target price of $52.00.

Suncor Energy Trading Up 0.8 %

Shares of NYSE:SU opened at $39.71 on Thursday. The stock has a market capitalization of $51.06 billion, a PE ratio of 8.78, a P/E/G ratio of 3.50 and a beta of 1.11. Suncor Energy Inc. has a 1 year low of $27.59 and a 1 year high of $40.69. The firm has a fifty day moving average price of $37.77 and a 200 day moving average price of $34.39. The company has a current ratio of 1.51, a quick ratio of 0.97 and a debt-to-equity ratio of 0.25.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings results on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.13. The company had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $8.46 billion. Suncor Energy had a return on equity of 15.69% and a net margin of 15.38%. During the same period last year, the business posted $1.33 earnings per share. Analysts expect that Suncor Energy Inc. will post 3.77 EPS for the current fiscal year.

Suncor Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 25th. Investors of record on Tuesday, June 4th will be given a dividend of $0.395 per share. This represents a $1.58 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend is Tuesday, June 4th. Suncor Energy’s dividend payout ratio (DPR) is presently 35.86%.

Suncor Energy Company Profile

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.