Trek Financial LLC Decreases Stock Position in Suncor Energy Inc. (NYSE:SU)

Trek Financial LLC trimmed its stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 5.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 180,243 shares of the oil and gas producer's stock after selling 11,299 shares during the quarter. Trek Financial LLC's holdings in Suncor Energy were worth $6,431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. HHM Wealth Advisors LLC increased its position in shares of Suncor Energy by 62.1% in the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer's stock valued at $30,000 after acquiring an additional 325 shares during the period. Crowley Wealth Management Inc. bought a new stake in shares of Suncor Energy in the fourth quarter worth about $35,000. Lee Danner & Bass Inc. purchased a new position in Suncor Energy during the 4th quarter valued at about $36,000. Golden State Wealth Management LLC bought a new position in Suncor Energy during the 4th quarter valued at approximately $39,000. Finally, Stonebridge Financial Group LLC purchased a new stake in Suncor Energy in the 4th quarter worth approximately $45,000. 67.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SU shares. Scotiabank raised Suncor Energy to a "hold" rating in a research note on Wednesday, March 19th. 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. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $66.00 target price on shares of Suncor Energy in a research report on Tuesday, January 7th. Bank of America started coverage on shares of Suncor Energy in a research report on Wednesday, February 26th. They set a "neutral" rating on the stock. Finally, StockNews.com upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a report on Wednesday. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $59.20.

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Suncor Energy Stock Up 3.4 %

NYSE:SU traded up $1.10 during mid-day trading on Friday, hitting $33.31. 3,443,004 shares of the company's stock were exchanged, compared to its average volume of 4,486,913. The business has a fifty day moving average price of $37.29 and a 200 day moving average price of $38.00. Suncor Energy Inc. has a one year low of $30.79 and a one year high of $41.95. The company has a market cap of $41.21 billion, a PE ratio of 9.62, a P/E/G ratio of 2.94 and a beta of 0.79. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86.

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

Suncor Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th were paid a $0.399 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date was Tuesday, March 4th. Suncor Energy's payout ratio is 45.51%.

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.