Rehmann Capital Advisory Group Sells 464 Shares of Suncor Energy Inc. (NYSE:SU)

Rehmann Capital Advisory Group lowered its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 11.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,599 shares of the oil and gas producer’s stock after selling 464 shares during the period. Rehmann Capital Advisory Group’s holdings in Suncor Energy were worth $117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Acima Private Wealth LLC lifted its position in Suncor Energy by 28.3% in the first quarter. Acima Private Wealth LLC now owns 1,450 shares of the oil and gas producer’s stock valued at $47,000 after acquiring an additional 320 shares during the last quarter. Global Retirement Partners LLC increased its stake in Suncor Energy by 10.4% in the first quarter. Global Retirement Partners LLC now owns 3,769 shares of the oil and gas producer’s stock valued at $122,000 after purchasing an additional 354 shares during the period. KCS Wealth Advisory increased its stake in Suncor Energy by 1.7% in the first quarter. KCS Wealth Advisory now owns 24,374 shares of the oil and gas producer’s stock valued at $790,000 after purchasing an additional 416 shares during the period. Thomas J. Herzfeld Advisors Inc. increased its stake in Suncor Energy by 39.9% in the first quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,468 shares of the oil and gas producer’s stock valued at $48,000 after purchasing an additional 419 shares during the period. Finally, Lindbrook Capital LLC increased its stake in Suncor Energy by 65.5% in the first quarter. Lindbrook Capital LLC now owns 1,064 shares of the oil and gas producer’s stock valued at $34,000 after purchasing an additional 421 shares during the period. Hedge funds and other institutional investors own 65.18% of the company’s stock.

SU has been the topic of a number of recent analyst reports. Raymond James reiterated a “buy” rating and set a $21.00 price target on shares of Colfax in a research note on Thursday, May 2nd. ValuEngine upgraded shares of Zuora from a “hold” rating to a “buy” rating in a research report on Saturday, July 6th. Mizuho set a $208.00 target price on shares of Amgen and gave the stock a “buy” rating in a research report on Monday, April 22nd. BMO Capital Markets set a $45.00 price target on shares of Chemours and gave the company a “buy” rating in a report on Monday, June 24th. Finally, GMP Securities reaffirmed a “hold” rating and issued a $48.00 price target on shares of Suncor Energy in a report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Suncor Energy presently has an average rating of “Buy” and a consensus price target of $47.48.

NYSE SU traded down $0.18 during trading hours on Friday, reaching $32.28. 1,768,594 shares of the company traded hands, compared to its average volume of 2,764,110. Suncor Energy Inc. has a 12 month low of $25.81 and a 12 month high of $42.55. The company has a quick ratio of 0.56, a current ratio of 0.88 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $50.86 billion, a PE ratio of 15.10, a PEG ratio of 1.79 and a beta of 1.08. The stock has a 50 day simple moving average of $31.18.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings results on Wednesday, May 1st. The oil and gas producer reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.38. Suncor Energy had a net margin of 10.03% and a return on equity of 10.06%. The company had revenue of $7.07 billion for the quarter, compared to the consensus estimate of $7.06 billion. During the same period last year, the firm posted $0.60 EPS. Analysts forecast that Suncor Energy Inc. will post 2.45 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Tuesday, June 4th were given a $0.3121 dividend. The ex-dividend date was Monday, June 3rd. This represents a $1.25 annualized dividend and a yield of 3.87%. Suncor Energy’s dividend payout ratio is presently 62.00%.

Suncor Energy Profile

Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.

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Institutional Ownership by Quarter for Suncor Energy (NYSE:SU)

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