DRW Securities LLC Sells 400 Shares of Suncor Energy Inc. (NYSE:SU)

DRW Securities LLC lessened its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 1.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,783 shares of the oil and gas producer’s stock after selling 400 shares during the period. DRW Securities LLC’s holdings in Suncor Energy were worth $1,098,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. HHM Wealth Advisors LLC grew its holdings in 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 worth $30,000 after purchasing an additional 325 shares during the period. Crowley Wealth Management Inc. bought a new stake in Suncor Energy in the fourth quarter worth about $35,000. Lee Danner & Bass Inc. bought a new stake in Suncor Energy in the fourth quarter worth about $36,000. Golden State Wealth Management LLC bought a new stake in Suncor Energy in the fourth quarter worth about $39,000. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of Suncor Energy during the 4th quarter valued at approximately $45,000. Institutional investors own 67.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. StockNews.com upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Wednesday. Scotiabank raised shares of Suncor Energy to a “hold” rating in a report on Wednesday, March 19th. Cibc World Mkts raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a 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. Finally, Morgan Stanley lowered shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Four equities research 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.20.

Suncor Energy Trading Up 8.5 %

NYSE:SU opened at $34.23 on Thursday. The company has a 50-day moving average price of $37.40 and a 200-day moving average price of $38.04. Suncor Energy Inc. has a 12 month low of $30.79 and a 12 month high of $41.95. 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 stock has a market cap of $42.35 billion, a price-to-earnings ratio of 9.92, a P/E/G ratio of 2.94 and a beta of 0.79.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings results 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 net margin of 11.80% and a return on equity of 15.37%. Equities analysts predict that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th were given a dividend of $0.399 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a yield of 4.66%. Suncor Energy’s dividend payout ratio (DPR) is currently 45.51%.

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.