Stock Yards Bank & Trust Co. Sells 12,067 Shares of Suncor Energy Inc. (NYSE:SU)

Stock Yards Bank & Trust Co. lessened its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 10.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 100,548 shares of the oil and gas producer's stock after selling 12,067 shares during the period. Stock Yards Bank & Trust Co.'s holdings in Suncor Energy were worth $3,588,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. grew its holdings in shares of Suncor Energy by 27.5% in the 4th quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer's stock worth $50,000 after purchasing an additional 300 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Suncor Energy by 0.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 112,925 shares of the oil and gas producer's stock valued at $4,169,000 after buying an additional 321 shares in the last quarter. Coldstream Capital Management Inc. grew its stake in Suncor Energy by 5.0% during the third quarter. Coldstream Capital Management Inc. now owns 7,486 shares of the oil and gas producer's stock worth $276,000 after buying an additional 354 shares during the last quarter. Atomi Financial Group Inc. grew its position in Suncor Energy by 3.2% during the 3rd quarter. Atomi Financial Group Inc. now owns 13,464 shares of the oil and gas producer's stock worth $497,000 after acquiring an additional 416 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its stake in shares of Suncor Energy by 2.7% in the third quarter. TD Private Client Wealth LLC now owns 18,646 shares of the oil and gas producer's stock valued at $688,000 after buying an additional 487 shares in the last quarter. 67.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on SU shares. StockNews.com upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Tuesday, January 14th. Morgan Stanley lowered Suncor Energy from an "overweight" rating to an "equal weight" rating in a research note on Monday, December 16th. Royal Bank of Canada restated an "outperform" rating and set a $66.00 target price on shares of Suncor Energy in a research report on Tuesday, January 7th. Finally, Desjardins upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a report on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Suncor Energy presently has an average rating of "Moderate Buy" and an average price target of $58.00.

Suncor Energy Stock Down 0.7 %

Shares of Suncor Energy stock traded down $0.26 on Thursday, hitting $38.44. The company had a trading volume of 4,532,565 shares, compared to its average volume of 4,443,583. The stock has a 50-day moving average of $37.67 and a 200-day moving average of $38.54. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 1.04. Suncor Energy Inc. has a twelve month low of $31.25 and a twelve month high of $41.94. The firm has a market capitalization of $47.84 billion, a P/E ratio of 8.37, a P/E/G ratio of 2.89 and a beta of 1.12.

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 for the quarter, topping analysts' consensus estimates of $0.82 by $0.07. Suncor Energy had a net margin of 15.19% and a return on equity of 15.67%. Research analysts predict that Suncor Energy Inc. will post 3.7 earnings per share for the current year.

Suncor Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th will be paid a $0.399 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend is Tuesday, March 4th. Suncor Energy's dividend payout ratio is currently 46.67%.

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.