Suncor Energy Inc. (NYSE:SU) Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC cut its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 5.4% in the fourth quarter, Holdings Channel reports. The fund owned 493,254 shares of the oil and gas producer’s stock after selling 27,951 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Suncor Energy were worth $17,593,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Cerity Partners LLC lifted its holdings in Suncor Energy by 77.9% in the third quarter. Cerity Partners LLC now owns 45,537 shares of the oil and gas producer’s stock valued at $1,681,000 after acquiring an additional 19,939 shares during the last quarter. Glenmede Trust Co. NA lifted its stake in shares of Suncor Energy by 15.0% in the 3rd quarter. Glenmede Trust Co. NA now owns 16,979 shares of the oil and gas producer’s stock valued at $627,000 after purchasing an additional 2,211 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in shares of Suncor Energy by 3.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 20,171 shares of the oil and gas producer’s stock valued at $745,000 after purchasing an additional 692 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of Suncor Energy by 8.1% during the 3rd quarter. Captrust Financial Advisors now owns 51,164 shares of the oil and gas producer’s stock worth $1,889,000 after purchasing an additional 3,830 shares during the period. Finally, Maverick Capital Ltd. raised its holdings in Suncor Energy by 9.8% in the 3rd quarter. Maverick Capital Ltd. now owns 32,183 shares of the oil and gas producer’s stock valued at $1,188,000 after buying an additional 2,873 shares during the period. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Suncor Energy Price Performance

Shares of NYSE SU opened at $38.36 on Monday. 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 cap of $47.45 billion, a price-to-earnings ratio of 11.12, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11. The stock’s 50-day moving average is $38.13 and its two-hundred day moving average is $38.19. Suncor Energy Inc. has a 1-year low of $33.81 and a 1-year high of $41.95.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share 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%. Analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th were paid a dividend of $0.399 per share. The ex-dividend date was Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.16%. Suncor Energy’s payout ratio is currently 45.51%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SU. Tudor Pickering upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Scotiabank upgraded shares of Suncor Energy to a “hold” rating in a report on Wednesday, March 19th. Cibc World Mkts upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 11th. StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a research note on Saturday, March 22nd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $66.00 price objective on shares of Suncor Energy in a report on Tuesday, January 7th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Suncor Energy presently has an average rating of “Moderate Buy” and a consensus price target of $59.20.

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.