Suncor Energy Inc. (NYSE:SU) Shares Sold by Freedom Investment Management Inc.

Freedom Investment Management Inc. lowered its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 14.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 15,042 shares of the oil and gas producer’s stock after selling 2,466 shares during the quarter. Freedom Investment Management Inc.’s holdings in Suncor Energy were worth $555,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SU. Cullen Investment Group LTD. lifted its position in shares of Suncor Energy by 0.8% in the third quarter. Cullen Investment Group LTD. now owns 33,106 shares of the oil and gas producer’s stock valued at $1,222,000 after acquiring an additional 262 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in Suncor Energy by 6.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 4,879 shares of the oil and gas producer’s stock valued at $186,000 after purchasing an additional 281 shares in the last quarter. Blue Trust Inc. boosted its stake in Suncor Energy by 11.0% during the 2nd quarter. Blue Trust Inc. now owns 3,278 shares of the oil and gas producer’s stock worth $121,000 after purchasing an additional 325 shares during the last quarter. Richardson Financial Services Inc. grew its holdings in shares of Suncor Energy by 82.8% during the second quarter. Richardson Financial Services Inc. now owns 724 shares of the oil and gas producer’s stock worth $28,000 after buying an additional 328 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Suncor Energy by 16.0% in the first quarter. EverSource Wealth Advisors LLC now owns 2,730 shares of the oil and gas producer’s stock valued at $104,000 after buying an additional 377 shares during the last quarter. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. StockNews.com upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. Desjardins upgraded Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. TD Securities raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Finally, BMO Capital Markets raised Suncor Energy from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 7th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $56.40.

Suncor Energy Trading Down 0.1 %

SU opened at $39.50 on Friday. The business has a fifty day moving average price of $39.12 and a 200 day moving average price of $38.86. 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 12 month low of $29.45 and a 12 month high of $41.94. The stock has a market capitalization of $49.69 billion, a price-to-earnings ratio of 8.60, a PEG ratio of 2.61 and a beta of 1.12.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $0.4089 per share. This represents a $1.64 annualized dividend and a yield of 4.14%. The ex-dividend date is Tuesday, December 3rd. This is a boost from Suncor Energy’s previous quarterly dividend of $0.40. Suncor Energy’s payout ratio is 35.29%.

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.