Suncor Energy Inc. (NYSE:SU) Shares Sold by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. lessened its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 20.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,509 shares of the oil and gas producer’s stock after selling 1,635 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Suncor Energy were worth $252,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in Suncor Energy by 65.0% in the first quarter. Principal Financial Group Inc. now owns 16,018,129 shares of the oil and gas producer’s stock valued at $620,136,000 after buying an additional 6,311,513 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Suncor Energy by 500.4% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,453,314 shares of the oil and gas producer’s stock valued at $87,459,000 after acquiring an additional 2,044,680 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Suncor Energy by 29.5% in the fourth quarter. Geode Capital Management LLC now owns 7,629,169 shares of the oil and gas producer’s stock valued at $278,537,000 after acquiring an additional 1,737,573 shares in the last quarter. Two Sigma Investments LP lifted its position in Suncor Energy by 168.8% during the fourth quarter. Two Sigma Investments LP now owns 1,729,654 shares of the oil and gas producer’s stock worth $61,714,000 after buying an additional 1,086,065 shares during the period. Finally, Mufg Securities Canada LTD. lifted its position in Suncor Energy by 70.3% during the fourth quarter. Mufg Securities Canada LTD. now owns 1,919,654 shares of the oil and gas producer’s stock worth $68,477,000 after buying an additional 792,130 shares during the period. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Trading Down 0.1%

SU stock opened at $39.09 on Friday. The business has a fifty day moving average price of $37.65 and a 200 day moving average price of $37.25. Suncor Energy Inc. has a fifty-two week low of $30.79 and a fifty-two week high of $41.95. The stock has a market capitalization of $47.80 billion, a price-to-earnings ratio of 11.27, a P/E/G ratio of 3.36 and a beta of 0.80. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.39 and a quick ratio of 0.84.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.05. Suncor Energy had a return on equity of 14.90% and a net margin of 11.95%. The company had revenue of $9.10 billion during the quarter, compared to the consensus estimate of $13.39 billion. During the same period in the prior year, the company earned $1.41 earnings per share. Analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th were paid a $0.4133 dividend. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $1.65 annualized dividend and a yield of 4.23%. Suncor Energy’s dividend payout ratio is currently 47.84%.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Suncor Energy from a “buy” rating to a “hold” rating in a research note on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Suncor Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.00.

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.