Suncor Energy Inc. $SU Shares Sold by CWA Asset Management Group LLC

CWA Asset Management Group LLC lessened its position in shares of Suncor Energy Inc. (NYSE:SUFree Report) (TSE:SU) by 11.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 103,831 shares of the oil and gas producer’s stock after selling 13,948 shares during the period. CWA Asset Management Group LLC’s holdings in Suncor Energy were worth $4,606,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Sagespring Wealth Partners LLC increased its holdings in Suncor Energy by 3.8% in the fourth quarter. Sagespring Wealth Partners LLC now owns 6,584 shares of the oil and gas producer’s stock worth $292,000 after buying an additional 242 shares during the last quarter. Archford Capital Strategies LLC lifted its stake in Suncor Energy by 1.2% in the third quarter. Archford Capital Strategies LLC now owns 23,617 shares of the oil and gas producer’s stock valued at $987,000 after acquiring an additional 272 shares during the last quarter. Richardson Financial Services Inc. lifted its stake in Suncor Energy by 64.1% in the third quarter. Richardson Financial Services Inc. now owns 704 shares of the oil and gas producer’s stock valued at $29,000 after acquiring an additional 275 shares during the last quarter. D Orazio & Associates Inc. grew its position in Suncor Energy by 3.9% in the third quarter. D Orazio & Associates Inc. now owns 7,299 shares of the oil and gas producer’s stock worth $305,000 after acquiring an additional 275 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Suncor Energy by 10.5% in the third quarter. EverSource Wealth Advisors LLC now owns 2,947 shares of the oil and gas producer’s stock worth $123,000 after acquiring an additional 280 shares in the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Stock Performance

NYSE:SU opened at $63.74 on Friday. The firm has a market capitalization of $75.84 billion, a PE ratio of 18.37 and a beta of 0.43. Suncor Energy Inc. has a 1 year low of $30.79 and a 1 year high of $64.63. The company has a current ratio of 1.39, a quick ratio of 0.89 and a debt-to-equity ratio of 0.20. The firm’s fifty day simple moving average is $54.95 and its 200 day simple moving average is $46.77.

Suncor Energy (NYSE:SUGet Free Report) (TSE:SU) last released its earnings results on Tuesday, February 3rd. The oil and gas producer reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. Suncor Energy had a net margin of 11.99% and a return on equity of 12.51%. The firm had revenue of $8.77 billion during the quarter, compared to analyst estimates of $8.79 billion. During the same quarter in the previous year, the business earned $1.25 EPS. On average, sell-side analysts anticipate that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Wednesday, March 4th. Suncor Energy’s payout ratio is currently 50.72%.

Trending Headlines about Suncor Energy

Here are the key news stories impacting Suncor Energy this week:

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SU. Wall Street Zen downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating in a report on Sunday, December 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Suncor Energy in a research report on Monday, December 29th. JPMorgan Chase & Co. upgraded Suncor Energy from a “neutral” rating to an “overweight” rating and raised their target price for the company from $46.15 to $54.00 in a report on Tuesday, January 20th. Zacks Research cut Suncor Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Finally, Royal Bank Of Canada upped their price target on Suncor Energy from $69.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $63.67.

Get Our Latest Research Report on Suncor Energy

About Suncor Energy

(Free Report)

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.

Further Reading

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

Receive News & Ratings for Suncor Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy and related companies with MarketBeat.com's FREE daily email newsletter.