Westerkirk Capital Inc. Cuts Stake in Suncor Energy Inc. $SU

Westerkirk Capital Inc. decreased its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 52.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 40,610 shares of the oil and gas producer’s stock after selling 44,600 shares during the period. Westerkirk Capital Inc.’s holdings in Suncor Energy were worth $1,803,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in SU. Erste Asset Management GmbH purchased a new stake in Suncor Energy during the 4th quarter valued at $213,000. O Shaughnessy Asset Management LLC boosted its position in Suncor Energy by 0.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 449,145 shares of the oil and gas producer’s stock valued at $19,928,000 after buying an additional 2,331 shares during the period. Capital Research Global Investors boosted its position in Suncor Energy by 0.3% during the 4th quarter. Capital Research Global Investors now owns 4,973,331 shares of the oil and gas producer’s stock valued at $220,739,000 after buying an additional 13,028 shares during the period. Avise Financial Cooperative Inc. purchased a new stake in Suncor Energy during the 4th quarter valued at $378,000. Finally, Vise Technologies Inc. boosted its position in Suncor Energy by 5.8% during the 4th quarter. Vise Technologies Inc. now owns 105,215 shares of the oil and gas producer’s stock valued at $4,667,000 after buying an additional 5,771 shares during the period. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Suncor Energy Stock Up 1.7%

Shares of NYSE SU opened at $63.26 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 0.92 and a debt-to-equity ratio of 0.20. Suncor Energy Inc. has a 12 month low of $36.67 and a 12 month high of $70.29. The firm has a market capitalization of $74.69 billion, a PE ratio of 16.60 and a beta of 0.27. The firm has a fifty day simple moving average of $65.28 and a two-hundred day simple moving average of $55.97.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings data on Tuesday, May 5th. The oil and gas producer reported $1.41 EPS for the quarter, missing the consensus estimate of $1.45 by ($0.04). Suncor Energy had a return on equity of 13.96% and a net margin of 12.29%.The company had revenue of $10.41 billion during the quarter, compared to the consensus estimate of $9.22 billion. During the same quarter last year, the company posted $1.31 earnings per share. Equities analysts expect that Suncor Energy Inc. will post 7.07 earnings per share for the current year.

Suncor Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Thursday, June 4th. Suncor Energy’s dividend payout ratio (DPR) is presently 45.67%.

Analyst Ratings Changes

Several brokerages have weighed in on SU. Wall Street Zen cut shares of Suncor Energy from a “strong-buy” rating to a “buy” rating in a research report on Sunday. ATB Cormark Capital Markets raised shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, April 1st. Weiss Ratings cut shares of Suncor Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Zacks Research cut shares of Suncor Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Finally, The Goldman Sachs Group cut shares of Suncor Energy from a “buy” rating to a “neutral” rating and set a $72.00 price target for the company. in a research report on Friday. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Suncor Energy has an average rating of “Moderate Buy” and a consensus target price of $71.67.

Suncor Energy Profile

Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company’s operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.

Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.