Lincluden Management Ltd. Trims Stock Position in Suncor Energy Inc. (NYSE:SU)

Lincluden Management Ltd. cut its holdings in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 2.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 634,334 shares of the oil and gas producer's stock after selling 19,169 shares during the quarter. Suncor Energy makes up about 2.6% of Lincluden Management Ltd.'s holdings, making the stock its 13th biggest holding. Lincluden Management Ltd.'s holdings in Suncor Energy were worth $23,429,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SU. Cullen Investment Group LTD. lifted its stake in Suncor Energy by 0.8% during the 3rd quarter. Cullen Investment Group LTD. now owns 33,106 shares of the oil and gas producer's stock valued at $1,222,000 after acquiring an additional 262 shares during the period. First Horizon Advisors Inc. lifted its stake in Suncor Energy by 6.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 4,879 shares of the oil and gas producer's stock valued at $186,000 after acquiring an additional 281 shares during the period. Blue Trust Inc. lifted its stake in Suncor Energy by 11.0% during the 2nd quarter. Blue Trust Inc. now owns 3,278 shares of the oil and gas producer's stock valued at $121,000 after acquiring an additional 325 shares during the period. Richardson Financial Services Inc. lifted its stake in Suncor Energy by 82.8% during the 2nd quarter. Richardson Financial Services Inc. now owns 724 shares of the oil and gas producer's stock valued at $28,000 after acquiring an additional 328 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in Suncor Energy by 16.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,730 shares of the oil and gas producer's stock valued at $104,000 after acquiring an additional 377 shares during the period. 67.37% of the stock is owned by hedge funds and other institutional investors.

Suncor Energy Trading Down 0.5 %

NYSE:SU traded down $0.18 during midday trading on Friday, hitting $37.59. The stock had a trading volume of 2,994,611 shares, compared to its average volume of 4,256,814. Suncor Energy Inc. has a one year low of $29.45 and a one year high of $41.94. The company has a market capitalization of $47.43 billion, a price-to-earnings ratio of 8.76, a PEG ratio of 2.70 and a beta of 1.12. The stock has a 50-day moving average of $38.60 and a 200 day moving average of $38.73. The company has a quick ratio of 0.93, a current ratio of 1.46 and a debt-to-equity ratio of 0.26.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its earnings results on Tuesday, August 6th. The oil and gas producer reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.51. The business had revenue of $12.90 billion for the quarter, compared to analysts' expectations of $9.30 billion. Suncor Energy had a return on equity of 16.22% and a net margin of 14.40%. The business's revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 EPS. As a group, sell-side analysts forecast that Suncor Energy Inc. will post 3.53 EPS for the current year.

Suncor Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were issued a dividend of $0.395 per share. The ex-dividend date was Wednesday, September 4th. This represents a $1.58 annualized dividend and a dividend yield of 4.20%. Suncor Energy's dividend payout ratio is presently 37.35%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. BMO Capital Markets upgraded shares of Suncor Energy from a "market perform" rating to an "outperform" rating in a research note on Wednesday, August 7th. StockNews.com cut shares of Suncor Energy from a "buy" rating to a "hold" rating in a research note on Thursday, October 17th. Scotiabank lowered their price objective on shares of Suncor Energy from $61.00 to $60.00 and set a "sector perform" rating on the stock in a research note on Friday, July 12th. Wolfe Research began coverage on shares of Suncor Energy in a report on Thursday, July 18th. They set an "outperform" rating and a $68.00 price objective for the company. Finally, TD Securities raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $55.83.

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.