Tyler Stone Wealth Management Sells 698 Shares of Suncor Energy Inc. (NYSE:SU)

Tyler Stone Wealth Management cut its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 2.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 29,872 shares of the oil and gas producer’s stock after selling 698 shares during the quarter. Tyler Stone Wealth Management’s holdings in Suncor Energy were worth $1,066,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. HHM Wealth Advisors LLC raised its position in Suncor Energy by 62.1% in the 4th quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer’s stock valued at $30,000 after buying an additional 325 shares during the last quarter. Crowley Wealth Management Inc. acquired a new stake in shares of Suncor Energy in the fourth quarter valued at approximately $35,000. Lee Danner & Bass Inc. bought a new position in Suncor Energy during the fourth quarter worth $36,000. Golden State Wealth Management LLC acquired a new position in shares of Suncor Energy in the fourth quarter valued at approximately $39,000. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of Suncor Energy during the fourth quarter worth $45,000. 67.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on SU shares. Royal Bank of Canada restated an “outperform” rating and set a $66.00 price objective on shares of Suncor Energy in a research note on Tuesday, January 7th. Cibc World Mkts raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Morgan Stanley cut Suncor Energy from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 16th. Tudor Pickering upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Finally, Scotiabank upgraded shares of Suncor Energy to a “hold” rating in a research report on Wednesday, March 19th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Suncor Energy currently has an average rating of “Moderate Buy” and a consensus target price of $58.00.

Suncor Energy Price Performance

Shares of NYSE:SU opened at $38.44 on Wednesday. The firm has a market cap of $47.56 billion, a PE ratio of 11.14, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11. Suncor Energy Inc. has a 52 week low of $33.81 and a 52 week high of $41.95. The firm’s fifty day moving average is $38.18 and its 200-day moving average is $38.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.07. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. Sell-side analysts predict that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th were given a dividend of $0.399 per share. This represents a $1.60 annualized dividend and a dividend yield of 4.15%. The ex-dividend date of this dividend was Tuesday, March 4th. Suncor Energy’s dividend payout ratio (DPR) is presently 45.51%.

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.