Sequent Planning LLC Sells 18,975 Shares of Suncor Energy Inc. $SU

Sequent Planning LLC decreased its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 76.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,996 shares of the oil and gas producer’s stock after selling 18,975 shares during the quarter. Sequent Planning LLC’s holdings in Suncor Energy were worth $266,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bryn Mawr Trust Advisors LLC boosted its position in Suncor Energy by 3.5% during the fourth quarter. Bryn Mawr Trust Advisors LLC now owns 5,742 shares of the oil and gas producer’s stock valued at $255,000 after purchasing an additional 196 shares in the last quarter. Chesapeake Capital Corp IL boosted its position in Suncor Energy by 0.9% during the fourth quarter. Chesapeake Capital Corp IL now owns 22,741 shares of the oil and gas producer’s stock valued at $1,009,000 after purchasing an additional 203 shares in the last quarter. Atlantic Edge Private Wealth Management LLC boosted its position in Suncor Energy by 54.9% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 635 shares of the oil and gas producer’s stock valued at $28,000 after purchasing an additional 225 shares in the last quarter. Sagespring Wealth Partners LLC boosted its position in Suncor Energy by 3.8% during the fourth quarter. Sagespring Wealth Partners LLC now owns 6,584 shares of the oil and gas producer’s stock valued at $292,000 after purchasing an additional 242 shares in the last quarter. Finally, D Orazio & Associates Inc. boosted its position in Suncor Energy by 3.4% during the fourth quarter. D Orazio & Associates Inc. now owns 7,549 shares of the oil and gas producer’s stock valued at $335,000 after purchasing an additional 250 shares in the last quarter. Institutional investors own 67.37% of the company’s stock.

Analyst Ratings Changes

SU has been the topic of a number of recent research reports. The Goldman Sachs Group raised their price objective on Suncor Energy from $66.00 to $73.00 and gave the company a “buy” rating in a research report on Wednesday, April 1st. Zacks Research raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 2nd. JPMorgan Chase & Co. raised Suncor Energy from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $46.15 to $54.00 in a research report on Tuesday, January 20th. Wall Street Zen raised Suncor Energy from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Royal Bank Of Canada raised their price objective on Suncor Energy from $75.00 to $89.00 and gave the company an “outperform” rating in a research report on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Suncor Energy has an average rating of “Buy” and a consensus price target of $72.00.

Suncor Energy Price Performance

Shares of NYSE SU opened at $69.77 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.92 and a current ratio of 1.42. The company has a market cap of $82.38 billion, a PE ratio of 18.31 and a beta of 0.31. The business has a 50-day simple moving average of $64.00 and a two-hundred day simple moving average of $53.52. Suncor Energy Inc. has a fifty-two week low of $34.67 and a fifty-two week high of $70.29.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings results on Tuesday, May 5th. The oil and gas producer reported $1.41 earnings per share for the quarter, missing the consensus estimate of $1.45 by ($0.04). Suncor Energy had a return on equity of 13.96% and a net margin of 12.29%.The business had revenue of $10.41 billion during the quarter, compared to analyst estimates of $9.22 billion. During the same period in the prior year, the business posted $1.31 EPS. As a group, equities analysts expect that Suncor Energy Inc. will post 6.79 EPS for the current fiscal year.

Suncor Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Thursday, June 4th. Suncor Energy’s dividend payout ratio (DPR) is presently 46.19%.

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.