Alan B Lancz & Associates Inc. Sells 1,200 Shares of Suncor Energy Inc. (NYSE:SU)

Alan B Lancz & Associates Inc. reduced its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 15.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,700 shares of the oil and gas producer’s stock after selling 1,200 shares during the quarter. Alan B Lancz & Associates Inc.’s holdings in Suncor Energy were worth $239,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Eastern Bank purchased a new stake in shares of Suncor Energy during the third quarter worth about $25,000. Waldron Private Wealth LLC bought a new stake in shares of Suncor Energy in the 3rd quarter worth approximately $49,000. UMB Bank n.a. grew its position in shares of Suncor Energy by 27.5% in the 4th quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer’s stock worth $50,000 after buying an additional 300 shares during the last quarter. Transamerica Financial Advisors Inc. increased its stake 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 valued at $73,000 after buying an additional 1,895 shares during the period. Finally, Mattson Financial Services LLC bought a new position in shares of Suncor Energy during the second quarter valued at approximately $82,000. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on SU shares. Morgan Stanley cut shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Royal Bank of Canada reiterated an “outperform” rating and set a $66.00 price target on shares of Suncor Energy in a research report on Tuesday, January 7th. Desjardins upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Finally, StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $58.00.

Suncor Energy Trading Down 1.2 %

NYSE:SU opened at $38.93 on Friday. The firm has a market capitalization of $48.45 billion, a price-to-earnings ratio of 8.48, a price-to-earnings-growth ratio of 3.29 and a beta of 1.12. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 1.04. The business has a fifty day moving average price of $38.05 and a 200-day moving average price of $38.55. Suncor Energy Inc. has a one year low of $31.25 and a one year high of $41.94.

Suncor Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd were given a dividend of $0.4089 per share. This is a boost from Suncor Energy’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date was Tuesday, December 3rd. Suncor Energy’s payout ratio is presently 35.08%.

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.