Steph & Co. Sells 305 Shares of Suncor Energy Inc. (NYSE:SU)

Steph & Co. decreased its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,450 shares of the oil and gas producer’s stock after selling 305 shares during the period. Steph & Co.’s holdings in Suncor Energy were worth $373,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SU. Heritage Family Offices LLP raised its stake in shares of Suncor Energy by 7.4% in the fourth quarter. Heritage Family Offices LLP now owns 20,132 shares of the oil and gas producer’s stock worth $718,000 after purchasing an additional 1,379 shares during the last quarter. Park Avenue Securities LLC raised its position in Suncor Energy by 17.4% in the 4th quarter. Park Avenue Securities LLC now owns 19,798 shares of the oil and gas producer’s stock valued at $706,000 after buying an additional 2,940 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Suncor Energy by 1,324.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,469,008 shares of the oil and gas producer’s stock valued at $123,774,000 after acquiring an additional 3,225,543 shares in the last quarter. 180 Wealth Advisors LLC lifted its stake in Suncor Energy by 8.3% during the 4th quarter. 180 Wealth Advisors LLC now owns 15,456 shares of the oil and gas producer’s stock valued at $551,000 after acquiring an additional 1,189 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in Suncor Energy during the 4th quarter worth $107,000. 67.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Suncor Energy Price Performance

Suncor Energy stock opened at $40.10 on Thursday. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24. The business’s 50 day simple moving average is $38.07 and its 200 day simple moving average is $38.50. Suncor Energy Inc. has a 12 month low of $31.03 and a 12 month high of $41.94. The company has a market cap of $49.91 billion, a price-to-earnings ratio of 8.74, a PEG ratio of 3.38 and a beta of 1.12.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd were paid a dividend of $0.4089 per share. This is an increase from Suncor Energy’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $1.64 annualized dividend and a dividend yield of 4.08%. Suncor Energy’s dividend payout ratio is presently 35.08%.

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.