Courier Capital LLC Sells 500 Shares of Suncor Energy Inc. $SU

Courier Capital LLC reduced its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 2.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,525 shares of the oil and gas producer’s stock after selling 500 shares during the quarter. Courier Capital LLC’s holdings in Suncor Energy were worth $619,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Shell Asset Management Co. raised its holdings in Suncor Energy by 65.8% in the 2nd quarter. Shell Asset Management Co. now owns 103,082 shares of the oil and gas producer’s stock valued at $3,854,000 after acquiring an additional 40,892 shares during the period. Focus Partners Wealth raised its holdings in Suncor Energy by 1.3% in the 1st quarter. Focus Partners Wealth now owns 796,967 shares of the oil and gas producer’s stock valued at $30,859,000 after acquiring an additional 10,514 shares during the period. Principal Financial Group Inc. raised its holdings in Suncor Energy by 65.0% in the 1st 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 acquiring an additional 6,311,513 shares during the period. Inscription Capital LLC bought a new position in shares of Suncor Energy during the first quarter worth approximately $247,000. Finally, Canoe Financial LP bought a new position in shares of Suncor Energy during the second quarter worth approximately $9,653,000. 67.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

SU has been the topic of several recent research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $65.00 target price on shares of Suncor Energy in a report on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Suncor Energy in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Suncor Energy has an average rating of “Moderate Buy” and a consensus target price of $65.00.

Suncor Energy Stock Performance

NYSE SU opened at $39.38 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 0.77 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $47.61 billion, a price-to-earnings ratio of 12.12, a P/E/G ratio of 3.24 and a beta of 0.78. The firm’s 50 day simple moving average is $40.72 and its 200 day simple moving average is $38.27. Suncor Energy Inc. has a 1 year low of $30.79 and a 1 year high of $43.48.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings results on Tuesday, August 5th. The oil and gas producer reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01. The business had revenue of $8.81 billion for the quarter, compared to analyst estimates of $11.56 billion. Suncor Energy had a net margin of 11.35% and a return on equity of 13.21%. During the same quarter last year, the business posted $1.27 EPS. As a group, research analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 4th were given a dividend of $0.4135 per share. The ex-dividend date was Thursday, September 4th. This represents a $1.65 annualized dividend and a dividend yield of 4.2%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.41. Suncor Energy’s dividend payout ratio (DPR) is 51.08%.

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.