Montrusco Bolton Investments Inc. Sells 16,089 Shares of Suncor Energy Inc. $SU

Montrusco Bolton Investments Inc. reduced its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 3.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 478,392 shares of the oil and gas producer’s stock after selling 16,089 shares during the period. Montrusco Bolton Investments Inc.’s holdings in Suncor Energy were worth $31,541,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. AQR Capital Management LLC lifted its holdings in Suncor Energy by 14.2% in the 1st quarter. AQR Capital Management LLC now owns 25,015 shares of the oil and gas producer’s stock worth $959,000 after buying an additional 3,115 shares during the period. Geneos Wealth Management Inc. lifted its stake in Suncor Energy by 172.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,981 shares of the oil and gas producer’s stock worth $77,000 after acquiring an additional 1,254 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Suncor Energy by 21.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,667 shares of the oil and gas producer’s stock valued at $100,000 after acquiring an additional 464 shares in the last quarter. AXA S.A. increased its position in Suncor Energy by 17.2% during the 2nd quarter. AXA S.A. now owns 50,278 shares of the oil and gas producer’s stock valued at $1,883,000 after purchasing an additional 7,395 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in Suncor Energy by 6.4% in the 2nd quarter. NewEdge Advisors LLC now owns 67,142 shares of the oil and gas producer’s stock worth $2,514,000 after purchasing an additional 4,043 shares in the last quarter. 67.37% of the stock is owned by institutional investors.

Suncor Energy Stock Performance

Shares of SU opened at $55.02 on Friday. The firm has a market capitalization of $64.96 billion, a P/E ratio of 14.44 and a beta of 0.30. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.42 and a quick ratio of 0.92. Suncor Energy Inc. has a one year low of $37.55 and a one year high of $70.29. The business has a fifty day moving average of $62.34 and a 200 day moving average of $57.52.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its earnings results on Tuesday, May 5th. The oil and gas producer reported $1.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.04). The firm had revenue of $10.41 billion during the quarter, compared to the consensus estimate of $9.22 billion. Suncor Energy had a net margin of 12.29% and a return on equity of 13.96%. During the same period in the prior year, the company posted $1.31 EPS. As a group, sell-side analysts anticipate that Suncor Energy Inc. will post 7.07 EPS for the current year.

Suncor Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Thursday, June 4th. Suncor Energy’s dividend payout ratio is 45.41%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SU shares. Wall Street Zen downgraded shares of Suncor Energy from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 7th. The Goldman Sachs Group lowered Suncor Energy from a “buy” rating to a “neutral” rating and set a $72.00 target price for the company. in a report on Friday, June 5th. Scotiabank raised shares of Suncor Energy to a “strong-buy” rating in a report on Friday, June 26th. Royal Bank Of Canada lifted their price target on shares of Suncor Energy from $75.00 to $89.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 1st. Finally, Weiss Ratings raised shares of Suncor Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus 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.