Suncor Energy Inc. $SU Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC cut its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 5.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 285,884 shares of the oil and gas producer’s stock after selling 15,317 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Suncor Energy were worth $11,953,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Archford Capital Strategies LLC grew its stake in Suncor Energy by 1.2% during the 3rd quarter. Archford Capital Strategies LLC now owns 23,617 shares of the oil and gas producer’s stock worth $987,000 after buying an additional 272 shares during the last quarter. Richardson Financial Services Inc. lifted its stake in Suncor Energy by 64.1% in the third quarter. Richardson Financial Services Inc. now owns 704 shares of the oil and gas producer’s stock valued at $29,000 after buying an additional 275 shares during the last quarter. D Orazio & Associates Inc. boosted its holdings in shares of Suncor Energy by 3.9% during the third quarter. D Orazio & Associates Inc. now owns 7,299 shares of the oil and gas producer’s stock valued at $305,000 after acquiring an additional 275 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Suncor Energy by 10.5% during the third quarter. EverSource Wealth Advisors LLC now owns 2,947 shares of the oil and gas producer’s stock worth $123,000 after acquiring an additional 280 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in shares of Suncor Energy by 0.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 43,083 shares of the oil and gas producer’s stock worth $1,801,000 after acquiring an additional 301 shares during the period. Institutional investors own 67.37% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of Suncor Energy from $48.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Wall Street Zen cut Suncor Energy from a “buy” rating to a “hold” rating in a report on Sunday, December 28th. Raymond James Financial raised Suncor Energy from a “market perform” rating to an “outperform” rating in a report on Thursday, November 6th. Zacks Research cut Suncor Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Suncor Energy in a research report on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Suncor Energy currently has an average rating of “Moderate Buy” and a consensus price target of $61.00.

Suncor Energy Price Performance

Shares of NYSE:SU opened at $57.15 on Wednesday. The stock has a market cap of $68.01 billion, a price-to-earnings ratio of 16.47 and a beta of 0.43. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 0.89. Suncor Energy Inc. has a 12 month low of $30.79 and a 12 month high of $58.47. The stock’s 50 day moving average price is $51.04 and its 200 day moving average price is $45.07.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings results on Tuesday, February 3rd. The oil and gas producer reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.02. The company had revenue of $8.77 billion for the quarter, compared to analysts’ expectations of $8.79 billion. Suncor Energy had a return on equity of 12.51% and a net margin of 11.99%.During the same period last year, the firm earned $1.25 EPS. Equities research analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th will be given a dividend of $0.60 per share. The ex-dividend date is Wednesday, March 4th. This represents a $2.40 annualized dividend and a dividend yield of 4.2%. Suncor Energy’s dividend payout ratio (DPR) is 49.57%.

Suncor Energy Profile

Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company’s operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.

Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.