Exencial Wealth Advisors LLC Lowers Stock Holdings in Suncor Energy Inc. (NYSE:SU)

Exencial Wealth Advisors LLC lowered its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 2.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 83,222 shares of the oil and gas producer’s stock after selling 2,523 shares during the period. Exencial Wealth Advisors LLC’s holdings in Suncor Energy were worth $2,969,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Principal Securities Inc. boosted its position in Suncor Energy by 2.2% during the fourth quarter. Principal Securities Inc. now owns 12,423 shares of the oil and gas producer’s stock worth $443,000 after purchasing an additional 265 shares in the last quarter. UMB Bank n.a. boosted its position in Suncor Energy by 27.5% during the fourth quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer’s stock worth $50,000 after purchasing an additional 300 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Suncor Energy by 0.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 112,925 shares of the oil and gas producer’s stock worth $4,169,000 after purchasing an additional 321 shares in the last quarter. HHM Wealth Advisors LLC boosted its position in Suncor Energy by 62.1% during the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer’s stock worth $30,000 after purchasing an additional 325 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its position in Suncor Energy by 11.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 3,142 shares of the oil and gas producer’s stock worth $112,000 after purchasing an additional 333 shares in the last quarter. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Suncor Energy Price Performance

NYSE:SU opened at $35.09 on Wednesday. Suncor Energy Inc. has a one year low of $34.12 and a one year high of $41.94. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33. The stock has a market cap of $43.56 billion, a PE ratio of 10.17, a P/E/G ratio of 2.94 and a beta of 1.12. The stock has a 50 day moving average price of $38.30 and a 200 day moving average price of $38.52.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS for the quarter, beating the consensus estimate of $0.82 by $0.07. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. Equities research analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th will be paid a dividend of $0.399 per share. The ex-dividend date is Tuesday, March 4th. This represents a $1.60 annualized dividend and a yield of 4.55%. Suncor Energy’s dividend payout ratio (DPR) is 45.22%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SU. Tudor Pickering upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Tudor, Pickering, Holt & Co. upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. Desjardins upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Bank of America began coverage on Suncor Energy in a research report on Wednesday, February 26th. They issued a “neutral” rating on the stock. Finally, Morgan Stanley downgraded Suncor Energy from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 16th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $58.00.

About Suncor Energy

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.