Cerity Partners LLC Sells 4,493 Shares of Suncor Energy Inc. (NYSE:SU)

Cerity Partners LLC decreased its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 9.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 41,044 shares of the oil and gas producer’s stock after selling 4,493 shares during the period. Cerity Partners LLC’s holdings in Suncor Energy were worth $1,476,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. HHM Wealth Advisors LLC increased 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 worth $30,000 after buying an additional 325 shares during the period. Crowley Wealth Management Inc. bought a new stake in Suncor Energy in the 4th quarter valued at $35,000. Lee Danner & Bass Inc. acquired a new position in shares of Suncor Energy in the 4th quarter valued at $36,000. Golden State Wealth Management LLC acquired a new stake in shares of Suncor Energy during the 4th quarter valued at about $39,000. Finally, Stonebridge Financial Group LLC bought a new stake in Suncor Energy in the fourth quarter valued at about $45,000. 67.37% of the stock is owned by institutional investors.

Suncor Energy Stock Performance

SU stock opened at $34.48 on Friday. Suncor Energy Inc. has a 1-year low of $30.79 and a 1-year high of $41.95. The business’s 50-day moving average price is $36.79 and its two-hundred day moving average price is $37.88. The firm has a market cap of $42.66 billion, a PE ratio of 10.00, a P/E/G ratio of 2.94 and a beta of 0.79. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. As a group, research analysts forecast 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. Investors of record on Tuesday, March 4th were issued a dividend of $0.399 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.63%. Suncor Energy’s payout ratio is presently 45.51%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $66.00 price objective on shares of Suncor Energy in a research note on Tuesday, January 7th. Bank of America initiated coverage on Suncor Energy in a report on Wednesday, February 26th. They set a “neutral” rating for the company. Tudor Pickering upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. StockNews.com cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Cibc World Mkts raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.