Suncor Energy Inc. (NYSE:SU) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE decreased its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 49.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,074 shares of the oil and gas producer’s stock after selling 66,327 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Suncor Energy were worth $2,465,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in SU. Principal Securities Inc. raised its stake in shares of 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 valued at $443,000 after purchasing an additional 265 shares during the period. UMB Bank n.a. grew its holdings in Suncor Energy by 27.5% during the 4th quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer’s stock valued at $50,000 after purchasing an additional 300 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Suncor Energy by 0.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 112,925 shares of the oil and gas producer’s stock worth $4,169,000 after buying an additional 321 shares during the period. HHM Wealth Advisors LLC lifted its holdings in Suncor Energy by 62.1% in the 4th quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer’s stock worth $30,000 after buying an additional 325 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its position in Suncor Energy by 11.9% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 3,142 shares of the oil and gas producer’s stock valued at $112,000 after buying an additional 333 shares during the last quarter. 67.37% of the stock is owned by hedge funds and other institutional investors.

Suncor Energy Stock Performance

Shares of SU opened at $38.88 on Thursday. The stock has a market capitalization of $48.09 billion, a PE ratio of 11.27, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11. The business’s fifty day moving average price is $38.15 and its 200 day moving average price is $38.15. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. Suncor Energy Inc. has a 12-month low of $33.81 and a 12-month high of $41.95.

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

Suncor Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th were paid a $0.399 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a yield of 4.11%. Suncor Energy’s payout ratio is currently 45.51%.

Wall Street Analyst Weigh In

Several research analysts recently commented on SU shares. Scotiabank upgraded Suncor Energy to a “hold” rating in a research note on Wednesday, March 19th. Tudor Pickering raised 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 note on Monday, February 10th. Cibc World Mkts upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 11th. Finally, Bank of America initiated coverage on shares of Suncor Energy in a research note on Wednesday, February 26th. They set a “neutral” rating on the stock. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Suncor Energy Profile

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.