Suncor Energy Inc. (NYSE:SU) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 133,412 shares of the oil and gas producer’s stock after selling 4,513 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Suncor Energy were worth $4,760,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. HHM Wealth Advisors LLC increased its stake in shares of Suncor Energy by 62.1% during the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer’s stock worth $30,000 after acquiring an additional 325 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of Suncor Energy during the fourth quarter worth about $39,000. Stonebridge Financial Group LLC acquired a new position in shares of Suncor Energy during the fourth quarter worth about $45,000. UMB Bank n.a. increased its stake in shares of Suncor Energy by 27.5% during the fourth quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer’s stock worth $50,000 after acquiring an additional 300 shares during the period. Finally, Private Trust Co. NA grew its position in Suncor Energy by 50.2% during the fourth quarter. Private Trust Co. NA now owns 1,705 shares of the oil and gas producer’s stock worth $61,000 after buying an additional 570 shares during the period. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Suncor Energy Stock Up 0.9 %

Shares of NYSE SU opened at $35.71 on Thursday. 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 company has a market capitalization of $44.18 billion, a PE ratio of 10.35, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11. The firm’s 50-day moving average is $38.29 and its two-hundred day moving average is $38.31. Suncor Energy Inc. has a 12-month low of $33.81 and a 12-month 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 (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. Equities analysts anticipate that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th will be paid a dividend of $0.399 per share. This represents a $1.60 annualized dividend and a dividend yield of 4.47%. The ex-dividend date of this dividend is Tuesday, March 4th. Suncor Energy’s payout ratio is 45.51%.

Wall Street Analysts Forecast Growth

SU has been the topic of several recent analyst reports. Tudor Pickering upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Morgan Stanley lowered shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 16th. Cibc World Mkts upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 11th. StockNews.com upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Finally, Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.