Montgomery Investment Management Inc. Sells 300 Shares of Suncor Energy Inc. (NYSE:SU)

Montgomery Investment Management Inc. lowered its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 57,100 shares of the oil and gas producer’s stock after selling 300 shares during the quarter. Montgomery Investment Management Inc.’s holdings in Suncor Energy were worth $2,037,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. HHM Wealth Advisors LLC lifted its stake in Suncor Energy by 62.1% in the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer’s stock valued at $30,000 after buying an additional 325 shares in the last quarter. Avantra Family Wealth Inc. bought a new stake in shares of Suncor Energy in the fourth quarter worth $360,000. Spire Wealth Management lifted its position in shares of Suncor Energy by 12.2% in the fourth quarter. Spire Wealth Management now owns 8,748 shares of the oil and gas producer’s stock worth $312,000 after purchasing an additional 948 shares in the last quarter. Independence Bank of Kentucky lifted its position in shares of Suncor Energy by 6.5% in the fourth quarter. Independence Bank of Kentucky now owns 20,862 shares of the oil and gas producer’s stock worth $744,000 after purchasing an additional 1,266 shares in the last quarter. Finally, Caprock Group LLC lifted its position in shares of Suncor Energy by 5.4% in the fourth quarter. Caprock Group LLC now owns 29,295 shares of the oil and gas producer’s stock worth $1,045,000 after purchasing an additional 1,501 shares in the last quarter. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Price Performance

NYSE:SU opened at $38.13 on Wednesday. Suncor Energy Inc. has a one year low of $31.25 and a one year high of $41.94. The company has a market cap of $47.45 billion, a P/E ratio of 8.31, a P/E/G ratio of 2.89 and a beta of 1.12. The firm’s fifty day moving average price is $37.72 and its two-hundred day moving average price is $38.54. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 1.04.

Suncor Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd were issued a $0.4089 dividend. This is an increase from Suncor Energy’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 4.29%. The ex-dividend date of this dividend was Tuesday, December 3rd. Suncor Energy’s payout ratio is currently 35.08%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SU. Royal Bank of Canada reissued an “outperform” rating and issued a $66.00 price objective on shares of Suncor Energy in a research report on Tuesday, January 7th. Desjardins raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. StockNews.com upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Finally, Morgan Stanley downgraded shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $58.00.

Suncor Energy Company 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.