Suncor Energy Inc. (NYSE:SU) Shares Sold by Courier Capital LLC

Courier Capital LLC trimmed its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 10.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 17,475 shares of the oil and gas producer’s stock after selling 2,100 shares during the quarter. Courier Capital LLC’s holdings in Suncor Energy were worth $623,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sanctuary Advisors LLC increased its position in Suncor Energy by 32.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 82,204 shares of the oil and gas producer’s stock worth $3,035,000 after purchasing an additional 20,081 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of Suncor Energy by 1,345.8% during the third quarter. Intech Investment Management LLC now owns 468,415 shares of the oil and gas producer’s stock worth $17,309,000 after buying an additional 436,016 shares in the last quarter. Aigen Investment Management LP acquired a new position in shares of Suncor Energy in the third quarter valued at approximately $1,376,000. DRW Securities LLC purchased a new position in shares of Suncor Energy during the third quarter valued at approximately $1,151,000. Finally, Mediolanum International Funds Ltd boosted its position in Suncor Energy by 22.5% during the third quarter. Mediolanum International Funds Ltd now owns 250,849 shares of the oil and gas producer’s stock worth $9,245,000 after acquiring an additional 46,155 shares during the last quarter. 67.37% of the stock is currently owned by hedge funds and other institutional investors.

Suncor Energy Stock Performance

Suncor Energy stock opened at $39.41 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 1.04. Suncor Energy Inc. has a 12 month low of $31.03 and a 12 month high of $41.94. The company has a market cap of $49.05 billion, a price-to-earnings ratio of 8.59, a price-to-earnings-growth ratio of 2.43 and a beta of 1.12. The stock’s 50-day moving average is $38.04 and its 200-day moving average is $38.49.

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 given a dividend of $0.4089 per share. This represents a $1.64 dividend on an annualized basis and a yield of 4.15%. This is a boost from Suncor Energy’s previous quarterly dividend of $0.40. The ex-dividend date was Tuesday, December 3rd. Suncor Energy’s payout ratio is 35.08%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Morgan Stanley lowered Suncor Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. StockNews.com lowered Suncor Energy from a “buy” rating to a “hold” rating in a research note on Thursday, December 26th. Royal Bank of Canada restated an “outperform” rating and issued a $66.00 price target on shares of Suncor Energy in a report on Tuesday, January 7th. Finally, Desjardins raised 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 and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

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.