Suncor Energy Inc. (NYSE:SU) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE reduced its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 49.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,074 shares of the oil and gas producer's stock after selling 66,327 shares during the quarter. Congress Wealth Management LLC DE's holdings in Suncor Energy were worth $2,465,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. HHM Wealth Advisors LLC increased its stake in 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 last quarter. Crowley Wealth Management Inc. acquired a new stake in shares of Suncor Energy during the 4th quarter worth about $35,000. Lee Danner & Bass Inc. purchased a new stake in Suncor Energy in the 4th quarter valued at about $36,000. Golden State Wealth Management LLC acquired a new position in Suncor Energy in the fourth quarter valued at about $39,000. Finally, Stonebridge Financial Group LLC purchased a new position in Suncor Energy during the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 67.37% of the company's stock.

Suncor Energy Stock Down 0.7 %

Shares of SU traded down $0.27 during midday trading on Friday, reaching $38.36. The stock had a trading volume of 2,789,133 shares, compared to its average volume of 4,405,989. Suncor Energy Inc. has a 1-year low of $33.81 and a 1-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 has a market cap of $47.45 billion, a price-to-earnings ratio of 11.12, a PEG ratio of 2.94 and a beta of 1.11. The company's fifty day simple moving average is $38.13 and its two-hundred day simple moving average is $38.17.

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Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.07. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. Equities research analysts expect 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 was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th were given a dividend of $0.399 per share. The ex-dividend date was Tuesday, March 4th. This represents a $1.60 annualized dividend and a dividend yield of 4.16%. Suncor Energy's dividend payout ratio is presently 45.51%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and set a $66.00 price objective on shares of Suncor Energy in a research report on Tuesday, January 7th. StockNews.com raised Suncor Energy from a "hold" rating to a "buy" rating in a research note on Saturday, March 22nd. Tudor, Pickering, Holt & Co. raised Suncor Energy from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Bank of America initiated coverage on shares of Suncor Energy in a research report on Wednesday, February 26th. They set a "neutral" rating on the stock. Finally, Morgan Stanley downgraded shares of Suncor Energy from an "overweight" rating to an "equal weight" rating in a research note on Monday, December 16th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $59.20.

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.