Stratos Wealth Partners LTD. Sells 578 Shares of Suncor Energy Inc. (NYSE:SU)

Stratos Wealth Partners LTD. decreased its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 8.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,212 shares of the oil and gas producer’s stock after selling 578 shares during the period. Stratos Wealth Partners LTD.’s holdings in Suncor Energy were worth $222,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Eastern Bank bought a new position in shares of Suncor Energy in the 3rd quarter worth about $25,000. HHM Wealth Advisors LLC grew its stake in Suncor Energy by 62.1% during the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer’s stock worth $30,000 after purchasing an additional 325 shares during the period. Waldron Private Wealth LLC bought a new stake in Suncor Energy in the third quarter worth approximately $49,000. UMB Bank n.a. lifted its stake in Suncor Energy by 27.5% in the fourth quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer’s stock valued at $50,000 after buying an additional 300 shares during the period. Finally, Transamerica Financial Advisors Inc. boosted its holdings in shares of Suncor Energy by 2,311.0% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,977 shares of the oil and gas producer’s stock worth $73,000 after buying an additional 1,895 shares in the last quarter. Institutional investors own 67.37% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on SU. Cibc World Mkts raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Tudor Pickering upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $66.00 price target on shares of Suncor Energy in a research note on Tuesday, January 7th. Tudor, Pickering, Holt & Co. raised Suncor Energy from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Desjardins upgraded Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $58.00.

Suncor Energy Stock Up 0.7 %

Shares of NYSE SU opened at $39.91 on Friday. 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 stock has a market capitalization of $49.67 billion, a PE ratio of 11.57, a P/E/G ratio of 2.96 and a beta of 1.12. Suncor Energy Inc. has a one year low of $31.31 and a one year high of $41.94. The business’s fifty day moving average price is $37.70 and its 200-day moving average price is $38.58.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS 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 15.33%. On average, equities research analysts anticipate that Suncor Energy Inc. will post 3.25 EPS for the current year.

Suncor Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th will be paid a $0.399 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a yield of 4.00%. Suncor Energy’s dividend payout ratio is currently 46.67%.

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.