Orion Portfolio Solutions LLC Has $2.85 Million Stake in Suncor Energy Inc. (NYSE:SU)

Orion Portfolio Solutions LLC decreased its holdings in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 10.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,912 shares of the oil and gas producer's stock after selling 9,055 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Suncor Energy were worth $2,851,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Sanctuary Advisors LLC increased its position in Suncor Energy by 32.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 82,204 shares of the oil and gas producer's stock worth $3,035,000 after purchasing an additional 20,081 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Suncor Energy by 86.0% in the 4th quarter. Jones Financial Companies Lllp now owns 67,848 shares of the oil and gas producer's stock valued at $2,421,000 after purchasing an additional 31,366 shares in the last quarter. Sage Investment Counsel LLC acquired a new position in shares of Suncor Energy during the fourth quarter worth about $300,000. J.W. Cole Advisors Inc. acquired a new position in shares of Suncor Energy during the fourth quarter worth about $236,000. Finally, Bank of New York Mellon Corp lifted its position in Suncor Energy by 104.2% during the 4th quarter. Bank of New York Mellon Corp now owns 3,083,440 shares of the oil and gas producer's stock worth $110,017,000 after acquiring an additional 1,573,726 shares in the last quarter. Institutional investors and hedge funds own 67.37% of the company's stock.

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Suncor Energy Stock Performance

Shares of NYSE SU traded down $3.59 during trading hours on Friday, hitting $33.19. 10,312,749 shares of the stock were exchanged, compared to its average volume of 4,401,070. The firm has a market capitalization of $41.06 billion, a P/E ratio of 9.62, a P/E/G ratio of 2.94 and a beta of 1.11. Suncor Energy Inc. has a one year low of $32.78 and a one year high of $41.95. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. The company's 50 day moving average is $37.94 and its 200 day moving average is $38.20.

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

Suncor Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th were paid a $0.399 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date was Tuesday, March 4th. Suncor Energy's dividend payout ratio is 45.51%.

Analysts Set New Price Targets

SU has been the topic of a number of analyst reports. Cibc World Mkts upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. StockNews.com raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Tuesday. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Bank of America initiated coverage on Suncor Energy in a research note on Wednesday, February 26th. They set a "neutral" rating on the stock. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $66.00 target price on shares of Suncor Energy in a research note on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $59.20.

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.