Suncor Energy Inc. (NYSE:SU) Shares Sold by Lincluden Management Ltd.

Lincluden Management Ltd. reduced its position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 1.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 627,334 shares of the oil and gas producer's stock after selling 7,000 shares during the quarter. Suncor Energy comprises about 2.7% of Lincluden Management Ltd.'s holdings, making the stock its 13th largest position. Lincluden Management Ltd. owned approximately 0.05% of Suncor Energy worth $22,392,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of SU. HHM Wealth Advisors LLC increased its stake in shares of 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 acquiring an additional 325 shares during the period. Golden State Wealth Management LLC purchased a new stake in Suncor Energy in the 4th quarter valued at approximately $39,000. Stonebridge Financial Group LLC acquired a new position in Suncor Energy during the 4th quarter worth approximately $45,000. UMB Bank n.a. raised its stake in shares of Suncor Energy by 27.5% during the 4th quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer's stock worth $50,000 after buying an additional 300 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. lifted its holdings in shares of Suncor Energy by 2,311.0% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,977 shares of the oil and gas producer's stock valued at $73,000 after buying an additional 1,895 shares during the period. Hedge funds and other institutional investors own 67.37% of the company's stock.

Suncor Energy Price Performance

Shares of SU traded up $0.08 during mid-day trading on Friday, reaching $38.28. 3,809,095 shares of the company's stock were exchanged, compared to its average volume of 4,401,910. Suncor Energy Inc. has a 52-week low of $33.79 and a 52-week high of $41.94. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. The company has a 50-day simple moving average of $38.20 and a two-hundred day simple moving average of $38.65. The company has a market cap of $47.64 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 2.94 and a beta of 1.12.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.07. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. On average, sell-side analysts predict that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.399 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.17%. Suncor Energy's dividend payout ratio (DPR) is presently 45.22%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SU shares. Tudor, Pickering, Holt & Co. raised Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Tudor Pickering raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Bank of America started coverage on shares of Suncor Energy in a research note on Wednesday. They issued a "neutral" rating for the company. StockNews.com lowered shares of Suncor Energy from a "buy" rating to a "hold" rating in a research report on Tuesday. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $66.00 price target on shares of Suncor Energy in a research report on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $58.00.

About Suncor Energy

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.