Suncor Energy Inc. (NYSE:SU) Shares Purchased by Sabal Trust CO

Sabal Trust CO grew its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 8.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 50,427 shares of the oil and gas producer’s stock after purchasing an additional 3,946 shares during the period. Sabal Trust CO’s holdings in Suncor Energy were worth $1,799,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. HHM Wealth Advisors LLC raised 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 period. Golden State Wealth Management LLC bought a new position in shares of Suncor Energy during the fourth quarter valued at approximately $39,000. Stonebridge Financial Group LLC acquired a new stake in shares of Suncor Energy during the 4th quarter worth approximately $45,000. UMB Bank n.a. lifted its holdings in shares of Suncor Energy by 27.5% in the 4th quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer’s stock worth $50,000 after purchasing an additional 300 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. lifted its holdings in shares of Suncor Energy by 2,311.0% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,977 shares of the oil and gas producer’s stock worth $73,000 after purchasing an additional 1,895 shares during the last quarter. 67.37% of the stock is currently owned by institutional investors.

Suncor Energy Trading Down 1.2 %

Shares of NYSE:SU opened at $38.66 on Wednesday. The company has a 50 day moving average of $38.06 and a 200-day moving average of $38.66. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The firm has a market cap of $48.11 billion, a P/E ratio of 11.20, a P/E/G ratio of 2.94 and a beta of 1.12. Suncor Energy Inc. has a twelve month low of $33.26 and a twelve month high of $41.94.

Suncor Energy (NYSE:SU) (TSE:SU) last released its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, topping 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, analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th will be issued a dividend of $0.399 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date is Tuesday, March 4th. Suncor Energy’s payout ratio is currently 45.22%.

Analyst Upgrades and Downgrades

SU has been the topic of several analyst reports. Cibc World Mkts raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 11th. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Morgan Stanley downgraded shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 16th. Tudor Pickering upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Finally, StockNews.com lowered shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Tuesday. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Suncor Energy presently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

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.