Mufg Securities Canada LTD. Sells 178,528 Shares of Suncor Energy Inc. $SU

Mufg Securities Canada LTD. decreased its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 8.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,829,078 shares of the oil and gas producer’s stock after selling 178,528 shares during the period. Suncor Energy comprises approximately 2.3% of Mufg Securities Canada LTD.’s holdings, making the stock its 17th largest position. Mufg Securities Canada LTD.’s holdings in Suncor Energy were worth $81,201,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Atlantic Edge Private Wealth Management LLC grew its position in shares of Suncor Energy by 54.9% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 635 shares of the oil and gas producer’s stock valued at $28,000 after acquiring an additional 225 shares during the period. 1 North Wealth Services LLC bought a new stake in shares of Suncor Energy during the 4th quarter valued at $32,000. Smartleaf Asset Management LLC grew its position in shares of Suncor Energy by 95.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 793 shares of the oil and gas producer’s stock valued at $33,000 after acquiring an additional 388 shares during the period. Headlands Technologies LLC bought a new stake in shares of Suncor Energy during the 2nd quarter valued at $31,000. Finally, Accent Capital Management LLC grew its position in shares of Suncor Energy by 37.5% during the 4th quarter. Accent Capital Management LLC now owns 825 shares of the oil and gas producer’s stock valued at $37,000 after acquiring an additional 225 shares during the period. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Stock Down 0.1%

Shares of NYSE SU opened at $61.56 on Monday. The firm’s 50-day moving average price is $64.94 and its 200-day moving average price is $56.45. The company has a current ratio of 1.42, a quick ratio of 0.92 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $72.69 billion, a price-to-earnings ratio of 16.16 and a beta of 0.27. Suncor Energy Inc. has a 12-month low of $37.22 and a 12-month high of $70.29.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings data 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). Suncor Energy had a return on equity of 13.96% and a net margin of 12.29%.The firm had revenue of $10.41 billion during the quarter, compared to analysts’ expectations of $9.22 billion. During the same period last year, the company earned $1.31 earnings per share. On average, equities research analysts anticipate that Suncor Energy Inc. will post 7.07 EPS for the current fiscal year.

Suncor Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Thursday, June 4th. Suncor Energy’s dividend payout ratio is 45.67%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on SU shares. Zacks Research downgraded shares of Suncor Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Royal Bank Of Canada upped their target price on shares of Suncor Energy from $75.00 to $89.00 and gave the stock an “outperform” rating in a report on Wednesday, April 1st. Wall Street Zen downgraded shares of Suncor Energy from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 7th. ATB Cormark Capital Markets raised shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a report on Wednesday, April 1st. Finally, The Goldman Sachs Group downgraded shares of 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. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $71.67.

About Suncor Energy

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.