Ritholtz Wealth Management Sells 15,153 Shares of Suncor Energy Inc. (NYSE:SU)

Ritholtz Wealth Management lessened its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 13.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 100,313 shares of the oil and gas producer’s stock after selling 15,153 shares during the period. Ritholtz Wealth Management’s holdings in Suncor Energy were worth $3,579,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Eastern Bank bought a new stake in shares of Suncor Energy during the third quarter worth about $25,000. Richardson Financial Services Inc. grew its holdings in shares of Suncor Energy by 82.8% during the second quarter. Richardson Financial Services Inc. now owns 724 shares of the oil and gas producer’s stock worth $28,000 after purchasing an additional 328 shares during the last quarter. Waldron Private Wealth LLC bought a new stake in shares of Suncor Energy during the third quarter worth about $49,000. Transamerica Financial Advisors Inc. grew its holdings in shares of Suncor Energy by 2,311.0% during the third quarter. Transamerica Financial Advisors Inc. now owns 1,977 shares of the oil and gas producer’s stock worth $73,000 after purchasing an additional 1,895 shares during the last quarter. Finally, Mattson Financial Services LLC bought a new stake in shares of Suncor Energy during the second quarter worth about $82,000. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Price Performance

Shares of SU opened at $39.07 on Friday. Suncor Energy Inc. has a 52-week low of $31.03 and a 52-week high of $41.94. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.04 and a current ratio of 1.59. The business’s 50 day moving average price is $38.08 and its two-hundred day moving average price is $38.51. The firm has a market cap of $48.62 billion, a PE ratio of 8.51, a price-to-earnings-growth ratio of 3.38 and a beta of 1.12.

Suncor Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd were paid a $0.4089 dividend. The ex-dividend date was Tuesday, December 3rd. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a yield of 4.19%. Suncor Energy’s payout ratio is 35.08%.

Analyst Upgrades and Downgrades

SU has been the topic of several research reports. Desjardins upgraded Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Royal Bank of Canada restated an “outperform” rating and set a $66.00 price target on shares of Suncor Energy in a report on Tuesday, January 7th. StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Morgan Stanley lowered Suncor Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.