Versor Investments LP Lowers Stock Position in Suncor Energy Inc. (NYSE:SU)

Versor Investments LP lowered its position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 28.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,100 shares of the oil and gas producer's stock after selling 10,100 shares during the period. Versor Investments LP's holdings in Suncor Energy were worth $895,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Principal Securities Inc. increased its holdings in Suncor Energy by 2.2% in the 4th quarter. Principal Securities Inc. now owns 12,423 shares of the oil and gas producer's stock worth $443,000 after buying an additional 265 shares in the last quarter. UMB Bank n.a. grew its position in Suncor Energy by 27.5% during the fourth quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer's stock valued at $50,000 after buying an additional 300 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Suncor Energy by 0.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 112,925 shares of the oil and gas producer's stock worth $4,169,000 after purchasing an additional 321 shares during the period. HHM Wealth Advisors LLC grew its stake in shares of Suncor Energy by 62.1% during the 4th 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. Finally, Wilmington Savings Fund Society FSB boosted its position in shares of Suncor Energy by 11.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 3,142 shares of the oil and gas producer's stock worth $112,000 after purchasing an additional 333 shares during the period. Hedge funds and other institutional investors own 67.37% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on SU. Desjardins raised Suncor Energy from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. Tudor, Pickering, Holt & Co. upgraded Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Royal Bank of Canada reissued an "outperform" rating and issued a $66.00 price objective on shares of Suncor Energy in a research note on Tuesday, January 7th. Cibc World Mkts raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Finally, Tudor Pickering upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $58.00.

Suncor Energy Stock Performance

NYSE:SU traded up $0.08 during trading hours on Friday, hitting $38.28. 3,809,095 shares of the company were exchanged, compared to its average volume of 4,401,910. 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 price is $38.28 and its 200-day moving average price is $38.60. Suncor Energy Inc. has a 52-week low of $33.79 and a 52-week high of $41.94. The stock has a market capitalization of $47.64 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 2.94 and a beta of 1.12.

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 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%. As a group, research analysts forecast that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th will be given a dividend of $0.399 per share. This represents a $1.60 annualized dividend and a yield of 4.17%. The ex-dividend date of this dividend is Tuesday, March 4th. Suncor Energy's dividend payout ratio is currently 45.22%.

Suncor Energy Company 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.