Nicola Wealth Management LTD. Sells 115,200 Shares of Suncor Energy Inc. (NYSE:SU)

Nicola Wealth Management LTD. trimmed its position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 19.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 483,822 shares of the oil and gas producer's stock after selling 115,200 shares during the quarter. Suncor Energy makes up 1.8% of Nicola Wealth Management LTD.'s portfolio, making the stock its 21st biggest position. Nicola Wealth Management LTD.'s holdings in Suncor Energy were worth $17,263,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in Suncor Energy by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,457,325 shares of the oil and gas producer's stock worth $159,030,000 after purchasing an additional 99,669 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in Suncor Energy by 95.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,942 shares of the oil and gas producer's stock valued at $390,000 after buying an additional 5,332 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Suncor Energy by 86.0% in the fourth quarter. Jones Financial Companies Lllp now owns 67,848 shares of the oil and gas producer's stock valued at $2,421,000 after buying an additional 31,366 shares during the period. Metis Global Partners LLC increased its position in shares of Suncor Energy by 9.0% during the fourth quarter. Metis Global Partners LLC now owns 82,997 shares of the oil and gas producer's stock worth $2,963,000 after acquiring an additional 6,887 shares in the last quarter. Finally, US Bancorp DE raised its holdings in shares of Suncor Energy by 6.4% during the fourth quarter. US Bancorp DE now owns 94,855 shares of the oil and gas producer's stock worth $3,384,000 after acquiring an additional 5,744 shares during the period. 67.37% of the stock is owned by institutional investors.

Remove Ads

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SU. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. Bank of America began coverage on Suncor Energy in a research report on Wednesday, February 26th. They issued a "neutral" rating on the stock. StockNews.com upgraded Suncor Energy from a "hold" rating to a "buy" rating in a research note on Thursday. Cibc World Mkts raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Finally, Tudor Pickering raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $58.00.

Suncor Energy Stock Performance

Shares of Suncor Energy stock traded up $1.06 during trading on Friday, reaching $35.81. The company's stock had a trading volume of 5,939,600 shares, compared to its average volume of 4,890,390. Suncor Energy Inc. has a 52 week low of $33.81 and a 52 week high of $41.94. The firm has a market cap of $44.45 billion, a PE ratio of 10.38, a P/E/G ratio of 2.94 and a beta of 1.12. The business's 50-day moving average price is $38.28 and its 200-day moving average price is $38.46. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) for the quarter, topping 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%. Equities analysts forecast that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th will be paid 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 yield of 4.46%. Suncor Energy's dividend payout ratio (DPR) is presently 45.22%.

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.