Mraz Amerine & Associates Inc. Sells 838 Shares of Suncor Energy Inc. (NYSE:SU)

Mraz Amerine & Associates Inc. lowered its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,755 shares of the oil and gas producer’s stock after selling 838 shares during the period. Mraz Amerine & Associates Inc.’s holdings in Suncor Energy were worth $812,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. CWM LLC grew its holdings in Suncor Energy by 20.2% during the third quarter. CWM LLC now owns 5,312 shares of the oil and gas producer’s stock valued at $196,000 after purchasing an additional 894 shares during the period. Creative Planning grew its holdings in shares of Suncor Energy by 4.5% in the 3rd quarter. Creative Planning now owns 261,240 shares of the oil and gas producer’s stock valued at $9,645,000 after buying an additional 11,205 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Suncor Energy by 2.5% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 37,609 shares of the oil and gas producer’s stock valued at $1,389,000 after buying an additional 917 shares in the last quarter. Net Worth Advisory Group acquired a new stake in Suncor Energy during the 3rd quarter worth $286,000. Finally, Blue Trust Inc. lifted its holdings in Suncor Energy by 56.2% during the third quarter. Blue Trust Inc. now owns 5,120 shares of the oil and gas producer’s stock worth $195,000 after acquiring an additional 1,842 shares in the last quarter. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on SU shares. Tudor Pickering raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. StockNews.com upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Cibc World Mkts upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Finally, Morgan Stanley lowered shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Suncor Energy Trading Down 1.1 %

Suncor Energy stock opened at $39.53 on Tuesday. The company has a market cap of $49.20 billion, a price-to-earnings ratio of 11.46, a P/E/G ratio of 2.96 and a beta of 1.12. The firm has a 50-day moving average of $37.73 and a 200-day moving average of $38.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 1.04. Suncor Energy Inc. has a one year low of $31.46 and a one year high of $41.94.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.07. Suncor Energy had a return on equity of 15.33% and a net margin of 11.80%. On average, equities analysts expect that Suncor Energy Inc. will post 3.25 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th will be issued a dividend of $0.399 per share. The ex-dividend date is Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a yield of 4.04%. Suncor Energy’s payout ratio is 46.67%.

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.