Westerkirk Capital Inc. Sells 44,600 Shares of Suncor Energy Inc. $SU

Westerkirk Capital Inc. trimmed its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 52.3% in the 4th quarter, Holdings Channel reports. The fund owned 40,610 shares of the oil and gas producer’s stock after selling 44,600 shares during the quarter. Westerkirk Capital Inc.’s holdings in Suncor Energy were worth $1,803,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Atlantic Edge Private Wealth Management LLC increased its stake in shares of Suncor Energy by 54.9% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 635 shares of the oil and gas producer’s stock worth $28,000 after acquiring an additional 225 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Suncor Energy in the 2nd quarter worth about $31,000. Smartleaf Asset Management LLC grew its position in Suncor Energy by 95.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 793 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 388 shares during the last quarter. Accent Capital Management LLC grew its position in Suncor Energy by 37.5% during the 4th quarter. Accent Capital Management LLC now owns 825 shares of the oil and gas producer’s stock valued at $37,000 after purchasing an additional 225 shares during the last quarter. Finally, Maseco LLP purchased a new stake in Suncor Energy during the 4th quarter valued at about $39,000. 67.37% of the stock is currently owned by institutional investors.

Suncor Energy Stock Performance

Shares of SU stock opened at $63.26 on Tuesday. The company’s 50-day moving average is $65.28 and its 200 day moving average is $55.97. 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 capitalization of $74.69 billion, a price-to-earnings ratio of 16.60 and a beta of 0.27. Suncor Energy Inc. has a one year low of $36.67 and a one year high of $70.29.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings results on Tuesday, May 5th. The oil and gas producer reported $1.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.04). The company had revenue of $10.41 billion for the quarter, compared to analysts’ expectations of $9.22 billion. Suncor Energy had a net margin of 12.29% and a return on equity of 13.96%. During the same period in the previous year, the business earned $1.31 EPS. Sell-side analysts expect that Suncor Energy Inc. will post 7.07 EPS for the current fiscal year.

Suncor Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Thursday, June 4th. Suncor Energy’s dividend payout ratio (DPR) is presently 45.67%.

Wall Street Analyst Weigh In

Several analysts recently commented on SU shares. Royal Bank Of Canada increased their price objective on shares of Suncor Energy from $75.00 to $89.00 and gave the company an “outperform” rating in a research report on Wednesday, April 1st. Wall Street Zen downgraded shares of Suncor Energy from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Weiss Ratings downgraded shares of Suncor Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Zacks Research downgraded shares of Suncor Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Finally, ATB Cormark Capital Markets raised shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, April 1st. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $71.67.

Suncor Energy Company Profile

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.