Suncor Energy Inc. (NYSE:SU) Shares Sold by Sawyer & Company Inc

Sawyer & Company Inc trimmed its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 55.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,320 shares of the oil and gas producer’s stock after selling 2,875 shares during the period. Sawyer & Company Inc’s holdings in Suncor Energy were worth $83,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. The Manufacturers Life Insurance Company increased its stake in shares of Suncor Energy by 5.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,134,149 shares of the oil and gas producer’s stock worth $956,850,000 after purchasing an additional 1,209,073 shares in the last quarter. Toronto Dominion Bank boosted its stake in shares of Suncor Energy by 1.8% during the third quarter. Toronto Dominion Bank now owns 18,546,207 shares of the oil and gas producer’s stock valued at $684,726,000 after acquiring an additional 333,440 shares during the last quarter. CIBC Asset Management Inc increased its position in Suncor Energy by 1.3% during the 3rd quarter. CIBC Asset Management Inc now owns 13,942,455 shares of the oil and gas producer’s stock worth $516,728,000 after purchasing an additional 180,533 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Suncor Energy by 23.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,695,560 shares of the oil and gas producer’s stock valued at $357,827,000 after purchasing an additional 1,829,936 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Suncor Energy by 4.5% during the second quarter. Legal & General Group Plc now owns 7,643,418 shares of the oil and gas producer’s stock worth $291,308,000 after buying an additional 329,373 shares in the last quarter. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Suncor Energy Trading Up 0.8 %

Shares of SU stock opened at $40.10 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.24. Suncor Energy Inc. has a fifty-two week low of $31.03 and a fifty-two week high of $41.94. The firm’s 50 day moving average price is $38.07 and its two-hundred day moving average price is $38.50. The stock has a market cap of $49.91 billion, a price-to-earnings ratio of 8.74, a price-to-earnings-growth ratio of 3.38 and a beta of 1.12.

Suncor Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Investors 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 4.08%. 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 dividend payout ratio is 35.08%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SU. Royal Bank of Canada reissued an “outperform” rating and set a $66.00 price target on shares of Suncor Energy in a research note on Tuesday, January 7th. Desjardins raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Morgan Stanley lowered shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 16th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $58.00.

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.