Suncor Energy Inc. (NYSE:SU) Shares Sold by First Foundation Advisors

First Foundation Advisors lessened its stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 4.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 505,727 shares of the oil and gas producer's stock after selling 24,969 shares during the quarter. First Foundation Advisors' holdings in Suncor Energy were worth $18,044,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. HHM Wealth Advisors LLC lifted its stake in shares of Suncor Energy by 62.1% in the 4th quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer's stock valued at $30,000 after purchasing an additional 325 shares during the last quarter. Crowley Wealth Management Inc. acquired a new position in Suncor Energy in the fourth quarter valued at about $35,000. Lee Danner & Bass Inc. acquired a new position in shares of Suncor Energy during the fourth quarter worth approximately $36,000. Golden State Wealth Management LLC bought a new stake in shares of Suncor Energy during the fourth quarter worth approximately $39,000. Finally, Stonebridge Financial Group LLC bought a new stake in shares of Suncor Energy during the fourth quarter worth approximately $45,000. Institutional investors and hedge funds own 67.37% of the company's stock.

Suncor Energy Price Performance

NYSE SU opened at $32.95 on Thursday. The company has a market cap of $40.76 billion, a PE ratio of 9.55, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79. Suncor Energy Inc. has a 52 week low of $30.79 and a 52 week high of $41.94. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. The firm's 50-day simple moving average is $37.40 and its two-hundred day simple moving average is $38.04.

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Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share 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%. Research analysts predict 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. Investors of record on Tuesday, March 4th were given a $0.399 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.84%. The ex-dividend date of this dividend was Tuesday, March 4th. Suncor Energy's dividend payout ratio (DPR) is 45.51%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SU. Bank of America began coverage on shares of Suncor Energy in a report on Wednesday, February 26th. They set a "neutral" rating for the company. Tudor Pickering upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. StockNews.com upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a report on Wednesday. Cibc World Mkts upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Finally, Morgan Stanley cut shares of Suncor Energy from an "overweight" rating to an "equal weight" rating in a report on Monday, December 16th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Suncor Energy currently has an average rating of "Moderate Buy" and an average target price 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.

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