Tyler Stone Wealth Management Has $1.07 Million Stock Holdings in Suncor Energy Inc. (NYSE:SU)

Tyler Stone Wealth Management lowered its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,872 shares of the oil and gas producer’s stock after selling 698 shares during the period. Tyler Stone Wealth Management’s holdings in Suncor Energy were worth $1,066,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Citigroup Inc. lifted its position in Suncor Energy by 51.8% in the 3rd quarter. Citigroup Inc. now owns 229,983 shares of the oil and gas producer’s stock valued at $8,498,000 after acquiring an additional 78,482 shares in the last quarter. Cerity Partners LLC raised its position in Suncor Energy by 77.9% in the third quarter. Cerity Partners LLC now owns 45,537 shares of the oil and gas producer’s stock worth $1,681,000 after acquiring an additional 19,939 shares during the period. Fisher Asset Management LLC raised its holdings in shares of Suncor Energy by 136.2% in the 3rd quarter. Fisher Asset Management LLC now owns 1,891,781 shares of the oil and gas producer’s stock worth $69,845,000 after purchasing an additional 1,090,988 shares during the period. Dynamic Technology Lab Private Ltd lifted its position in shares of Suncor Energy by 3.3% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 36,284 shares of the oil and gas producer’s stock valued at $1,340,000 after buying an additional 1,166 shares during the last quarter. Finally, DRW Securities LLC purchased a new stake in Suncor Energy during the third quarter valued at about $1,151,000. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Stock Up 0.1 %

NYSE:SU opened at $38.44 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. The firm’s 50-day moving average price is $38.18 and its 200-day moving average price is $38.14. The company has a market capitalization of $47.56 billion, a PE ratio of 11.14, a P/E/G ratio of 2.94 and a beta of 1.11. Suncor Energy Inc. has a 1-year low of $33.81 and a 1-year high of $41.95.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. On average, equities analysts predict that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.399 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date was Tuesday, March 4th. Suncor Energy’s payout ratio is 45.51%.

Analyst Ratings Changes

SU has been the subject of a number of analyst reports. Cibc World Mkts raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Scotiabank upgraded shares of Suncor Energy to a “hold” rating in a research report on Wednesday, March 19th. Morgan Stanley downgraded Suncor Energy from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 16th. StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Bank of America assumed coverage on shares of Suncor Energy in a research note on Wednesday, February 26th. They issued a “neutral” rating on the stock. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Suncor Energy has a consensus rating of “Moderate Buy” and an average target price of $58.00.

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.