Suncor Energy Inc. $SU Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. cut its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 9.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 267,633 shares of the oil and gas producer’s stock after selling 26,861 shares during the period. Crossmark Global Holdings Inc.’s holdings in Suncor Energy were worth $18,164,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SU. Versant Capital Management Inc increased its stake in Suncor Energy by 418.9% in the 2nd quarter. Versant Capital Management Inc now owns 493 shares of the oil and gas producer’s stock worth $26,000 after acquiring an additional 398 shares during the last quarter. Continuum Advisory LLC purchased a new stake in shares of Suncor Energy during the 2nd quarter worth approximately $27,000. Sawyer & Company Inc purchased a new stake in shares of Suncor Energy during the 3rd quarter worth approximately $44,000. Cassaday & Co Wealth Management LLC bought a new position in shares of Suncor Energy during the 1st quarter valued at approximately $53,000. Finally, Vestor Capital LLC bought a new position in shares of Suncor Energy during the 1st quarter valued at approximately $59,000. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on SU. Weiss Ratings raised shares of Suncor Energy from a “buy (b)” rating to a “buy (a-)” rating in a report on Thursday, October 8th. Wall Street Zen raised shares of Suncor Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 17th. Morgan Stanley set a $106.00 price target on shares of Suncor Energy in a research note on Wednesday, August 19th. Scotiabank upgraded shares of Suncor Energy to a “strong-buy” rating in a research report on Friday, June 26th. Finally, Desjardins raised shares of Suncor Energy to a “moderate buy” rating in a research note on Thursday, July 16th. Three investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $79.62.

Suncor Energy Trading Up 0.7%

Shares of SU stock opened at $78.97 on Thursday. Suncor Energy Inc. has a 1 year low of $38.34 and a 1 year high of $79.77. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.65 and a quick ratio of 1.08. The stock’s 50 day simple moving average is $69.49 and its two-hundred day simple moving average is $65.05. The company has a market cap of $92.37 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 0.52 and a beta of 0.36.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings data on Tuesday, August 4th. The oil and gas producer reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.19. The business had revenue of $13.41 billion during the quarter, compared to analyst estimates of $11.68 billion. Suncor Energy had a return on equity of 20.05% and a net margin of 15.62%. During the same period last year, the company earned $0.71 EPS. Research analysts predict that Suncor Energy Inc. will post 8.12 earnings per share for the current year.

Suncor Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were given a dividend of C$0.60 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.40 annualized dividend and a dividend yield of 3.0%. Suncor Energy’s payout ratio is currently 31.86%.

Suncor Energy Profile

Suncor Energy Inc is an integrated energy company headquartered in Calgary, Alberta, Canada. Its operations span the energy value chain, including the development, production, upgrading, refining, and marketing of crude oil and petroleum products.

The company is one of Canada’s major oil sands producers, with interests in mining and in situ oil sands projects. Suncor produces bitumen and synthetic crude oil and also has conventional oil and offshore production interests. Its upstream portfolio includes operated and non-operated assets in Canada.

Through its downstream operations, Suncor refines crude oil into gasoline, diesel, jet fuel, asphalt, and other petroleum products.