Orion Portfolio Solutions LLC Sells 9,055 Shares of Suncor Energy Inc. (NYSE:SU)

Orion Portfolio Solutions LLC decreased its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 10.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 79,912 shares of the oil and gas producer’s stock after selling 9,055 shares during the period. Orion Portfolio Solutions LLC’s holdings in Suncor Energy were worth $2,851,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SU. HHM Wealth Advisors LLC increased its holdings in 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 acquiring an additional 325 shares during the last quarter. 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. bought a new stake in shares of Suncor Energy in the fourth quarter worth about $36,000. Golden State Wealth Management LLC purchased a new stake in shares of Suncor Energy in the fourth quarter worth about $39,000. Finally, Stonebridge Financial Group LLC purchased a new position in Suncor Energy during the 4th quarter valued at approximately $45,000. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on SU shares. Tudor Pickering upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Scotiabank upgraded shares of Suncor Energy to a “hold” rating in a research report on Wednesday, March 19th. Cibc World Mkts upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. StockNews.com upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $66.00 price target on shares of Suncor Energy in a research report on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $59.20.

Suncor Energy Trading Up 1.0 %

SU opened at $38.73 on Tuesday. Suncor Energy Inc. has a one year low of $33.81 and a one year high of $41.95. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33. The stock has a market cap of $47.91 billion, a price-to-earnings ratio of 11.22, a P/E/G ratio of 2.94 and a beta of 1.11. The stock’s 50 day moving average price is $38.12 and its 200-day moving average price is $38.21.

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%. On average, equities analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th were given a $0.399 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $1.60 annualized dividend and a yield of 4.12%. Suncor Energy’s dividend payout ratio (DPR) is 45.51%.

About Suncor Energy

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.